IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).
IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Microsoft, Volkswagen, Tesla Automotive, Bosch and Samsung Group to launch what is aimed to be a secure marketplace for data, IOTA co-founder David Sønstebø said on Tuesday.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Thanks for mentioning. I'm not known yet with IOTA.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Welcome sir. And you should invest in IOTA, future is bright.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit