What is the IOTA blockchain?
IOTA is a distributed ledger technology that is often categorized as a blockchain, although it technically uses a different data structure called a directed acyclic graph (DAG) known as the Tangle.
- The IOTA Tangle is a decentralized, peer-to-peer network that enables secure data and value transfers between connected devices.
- Unlike traditional blockchain technologies, the Tangle does not rely on miners to validate transactions. Instead, each new transaction in the Tangle must confirm two previous transactions, adding to the security and scalability of the network.
- The IOTA Tangle also has the unique feature of feeless transactions, meaning that users do not have to pay fees to send transactions on the network.
- This makes IOTA particularly well-suited for micro-transactions in IoT applications where small amounts of data or value are exchanged between devices.
What is IOTA (Internet of Things Application) Blockchain?
IOTA is an open-source, decentralized blockchain technology that was designed to enable secure and efficient data transfer and management for the Internet of Things (IoT) ecosystem. Unlike traditional blockchain technologies, which use a linear chain of blocks to record transactions, IOTA uses a directed acyclic graph (DAG) called the Tangle to record and verify transactions.