IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
Related posts
-
Santa delivers as PENGU, Jasmy, IOTA, and Algorand prices surge
Santa Claus rally happened in the crypto industry as some big altcoins experienced double-digit gains. Pudgy... -
IOTA Strengthens European Blockchain Leadership Through Key Partnerships and Compliance
Terrill Dicki Sep 06, 2024 14:07 IOTA Foundation drives blockchain innovation in... -
IOTA Completes Final Phase of European Blockchain PCP Initiative
Alvin Lang Aug 21, 2024 01:11 IOTA successfully concludes the European Blockchain...