Most of you have heard about IOTA but don't know the mechanism behind IOTA .How it works ? why people are saying it will change the way how cryptocurrency works? why it's called as 3rd generation cryptocurrency?
This is a new Cryptocurrency, it's been around for a while and got a lot of attention of investors.It is marketed as third generation crypto because it has few or you can say many extra powerful features which makes it unique,lovable and adoptable.
So, let's just dip into IOTA step by step first let us discuss the key features of IOTA:-🔥
1.It Has No Fees For Transaction.
2.It Has Fast Transaction.
3.It Is Quantum Computing Proof.
4.Solving a great problem of micro transactions.
By listening these features you have to say ....
Now Most Of You Just Don't Know What Is Tangle Techonology On which IOTA works.
Basically Iota is not using blockchain, it works on a system called Tangle. To understand tangle let's take an example , teacher give homework to their student but they have to do hardwork to check student's homework (you can compare teacher with bitcoin miner or ethereum miner or any other crypto currency miner having proof of work) but smart teachers like IOTA just exchange the copies of student and tell them to check each other copies and thats how tangle techonology work.Basically to show your transaction in the iota network you have to confirm other two transactions, this way all are participating in this network.It is not like other blockchain network where only miners participate.
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