Tangled vs blockchain
Iota’s tangle – simply explained
Back in 2008, blockchain was a genuine technological breakthrough. A watershed moment in the history of money, security, e-commerce, and the Internet as a whole — it’s now practically everywhere, and modern business uses it all over the world. The principle of capturing details and not being able to alter it later was brilliant. As you might be aware, it was first introduced in the first cryptocurrency, Bitcoin, but it has since spread to banks, security companies, insurers, farmers, governments, and other institutions.
Why was the blockchain causing such a stir? Since this mechanism ensures that no one can tamper with the information encoded in the public ledger, no matter how influential or wealthy they are. And the sun, however, has dark spots. People have learned over time that this structure is not optimal and that there are issues that need to be addressed. As the blockchain expands, the ledger, for example, becomes heavier and slower with each new transaction. Alternatively, it cannot operate without miners, so payments are unavoidable.
Iota explained in under 3 minutes! (2021)
Blockchain and other distributed ledger technologies (DLTs) have been seen as a potential data sharing mechanism for devices and systems in the Internet of Things, and they can be interesting ways to monitor and maintain the authenticity of information as it is exchanged between individuals or systems. However, existing blockchains and distributed ledger technologies could have too much overhead to accommodate millions of low-footprint devices.
Iota explained in 2 minutes!
A blockchain is a technology that we have used. In the digital age, it can be considered a movement. As we all know, blockchain is a distributed ledger that is used to record financial transactions or data that has intrinsic value.
The primary motivation for developing this technology is to prepare for the fourth industrial revolution and machine economy, in which machines exchange goods and services with one another without the need for human or third-party interference. IOTA’s service is based on tangle technology.
This is how the tangle’s ledger is now housed in a DAG instead of a Blockchain.
The primary aim of the tangle technology is to build flexible structures for conducting IoT transactions.
As a result, Tangle uses DAG instead of Blockchain to store the ledger.
Tangle is capable of scaling transactions, which is particularly important for micropayments between IoT devices, where the network must scale the amount of transactions submitted to it.
Whitepaper circle: iota tangle – presented by sunny
Satoshi Nakamoto published his popular white paper outlining the Blockchain on October 31st, 2008. As a result, this year marks the tenth anniversary of the Blockchain. Ten years does not seem like a long time, but in terms of technical progress, ten years is a long time.
Consider the mobile phones that were launched in 2008: who uses a BlackBerry Bold, an Apple iPhone 3, or a Sony Ericsson Xperia X1 nowadays? Apart from my father-in-law, that is. I’m guessing just a handful. The world has progressed in terms of distributed ledger technology as well. Surprisingly, few people are aware of it.