Statistics indicate that the number of "things" connected to the Internet will exceed the number of computers and smartphones and its cost can reach more than $1 trillion. The Internet of things market is growing and growing every year, in proportion to the emergence and implementation of new technologies. + IOTA cryptocurrency is a pioneer in its field and will continue to be in demand since it's decentralized and independent. Advantages and disadvantages of IOTA crypto It also has infinite scalability and fixed money supply. Another pleasant feature is the lack of commission, which can be helpful if a user operates with large numbers of tokens. The platform provides its users with fast transactions. For all this process to take place, the IOTA coin designers executed a "genesis" transaction during the first phase of system development an initial and automatic transaction, considered neutral and "correct by definition" that did not need to be validated. In this way, validating a transaction also validates previous transactions. A transaction is validated by another user, who in turn makes a transaction, thus generating a graph.
Regarding mining, it is worth mentioning that IOTA's structure does not require miners or mining fees.
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On the other hand, Tangle is programmed in ternary code (deviation from traditional binary code), much more efficient than binary and capable of providing significant improvements to system functionality. The algorithm it uses is the MCMC that samples non-validated movements through a process defined by Tangle, with the aim of achieving a balanced distribution of validation. The Tangle differs from the Blockchains mainly because it carries out a greater number of transactions in less time, with security guarantees and without commissions.
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IOTA's software does not work using Bitcoin's Blockchain technology, but rather through a new data architecture called “Tangle”: a protocol that processes transactions in parallel using a DAG (Directed Acyclic Graph). These technical advances, therefore, increase the speed of transaction times and security measures for hacks and thefts, of both coins and data. Thanks to this method, the system is capable of settling an unlimited number of transactions without any charge, exchanging exact amounts of resources on-demand, and storing data in a secure and verified manner. Tangle is a decentralized and self-regulated P2P network that does not require blocks or mining processes and/or user verification. IOTA operates on a technology called "Tangle", which is presented as a revolutionary alternative to traditional Blockchains. The technology is also promising in terms of attractive growth dynamics for investors. IoT may lead to another technological revolution, by automating many processes, and by making them more reliable. The developers say that all devices within the network must effectively share and distribute resources to minimize the energy wasted. In many cases, it also ensures automatic interaction without the direct participation of the owner. All powered devices controlled via the Internet are the elements of the IoT.
It positions itself as a project created for the basis of a decentralized Internet of Things, hence the abbreviation IoT. IOTA is a digital platform and a cryptocurrency designed to support and drive a new collaborative economy between computers, users, and resources.
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