Cryptocurrency Q&A
What blockchain is IOTA built on?
What blockchain is IOTA built on?
Sara
Fri Oct 18 2024
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7 answers
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IOTA is not built on any existing blockchain. Instead, it utilizes a novel distributed ledger technology called Tangle, which is based on a Directed Acyclic Graph (DAG) structure. This allows IOTA to achieve high scalability, zero transaction fees, and fast confirmation times, making it suitable for the Internet of Things (IoT) applications.
7 answers
KimchiQueenCharmingKissWarmth
Sun Oct 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of the cryptocurrency community. Among its offerings are spot trading, futures trading, and wallet services.
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KDramaLegendary
Sun Oct 20 2024
The Tangle is a directed acyclic graph (DAG), a mathematical structure that enables transactions to be interconnected in a complex yet efficient manner. This design sets it apart from traditional blockchain networks, which rely on a linear chain of blocks.
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CoinMaster
Sun Oct 20 2024
One of the key advantages of the Tangle is its ability to facilitate asynchronous transaction addition. This means that transactions can be added to the network without the need for miners to validate them in a sequential order.
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CryptoQueenGuard
Sun Oct 20 2024
The elimination of miners in the Tangle network represents a significant shift from traditional blockchain systems. Miners are typically responsible for validating transactions and adding new blocks to the blockchain, a process that consumes significant energy and resources.
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Tommaso
Sun Oct 20 2024
By removing miners, the Tangle network aims to achieve greater scalability and efficiency. Transactions can be processed more quickly and with lower fees, making it an attractive option for users seeking fast and affordable transactions.
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