IOTA is a decentralized distributed ledger that was designed primarily for the Internet of Things. Unlike other cryptos based on the Blockchain technology, IOTA works on the Tangle Network technology— which is a Directed Acyclic Graph (DAG).
The Tangle Network enables IOTA to work in a faster and smarter way that was not possible with blockchains. In a more connected network, IOTA opens a variety of use cases that cannot be replicated with the blockchain technology.
IOTA is designed to make IoT achieve the next level of networking — think of connected devices with sensor technology, machine to machine communication, smart cities, pay on demand and other IoT concepts which were otherwise not very feasible with blockchains.
What is a DAG and how does Tangle work?
A Directed Acyclic Graph (DAG) is a finite graph wit...
Almost a decade ago, Satoshi Nakamoto, the creator of Bitcoin, silently disrupted trust-providing organizations, like banks, with an eight-page long research paper describing how money can be decentralized (through Bitcoin). At the time, not many people understood the potential that those eight pages concealed within themselves.
The potential isn't just in decentralizing money — but in decentralization itself. In those eight pages, Nakamoto didn’t just explain how we can regain control over our money — he offered a new way for strangers to safely collaborate with each other.
Here, we discuss five different ways blockchain will fit into your company in less than ten years from now.
Because of its unique properties, blockchain technology can be used in many different industries, ranging from banking and accounting to the entertainment industry.
What would you call a business that isn’t “doing bus...