IOTA - The Protocol that runs on Tangle (Not Blockchain)
Unlike Blockchain, IOTA is a cryptocurrency that runs on a protocol called Tangle. It is completely built as quantum-resistant distribute ledger. IOTA provide zero transactions fees, unlimited scalability, and decentralized consensus where users are also validators.
Myths of Blockchain
As most people doesn't realise there is actually quite a number of downsize in blockchain. As blockchain based currency are continue growing, sooner there will be a problem with its scalability due to increasing of block size. As the incident of Cryptokitties causing a network slowdown on ethereum, Vitalik has announced his team are working on a solution to solve the current issue to prevent future scalability issues. Not only that, various of miners have joined pool for mining by having efficient payout, this could have lead a massive network attack when the pool collecting huge computing power by disrupt the blockchain.
Is Tangle really the future key in Cryptocurrency?
The key features why Tangle could have replace blockchain are its scalability, Quantum security, zero transaction fees and offline capability. Tangle could be called as DAG (directed acyclic graph). Unlike blockchain technology, everyone are technically a miner in tangle; including users, Internet of Things as in your fridges, Smart watches, security camera & etc.. However, a users must first solve & validates two previous incoming transactions before making their own. As results, when more users participates in the tangle; the faster the network becomes due to more people solving each other transactions.
