IOTA'ss key market driver is its native technological offering called Tangle, which unlike the blockchain, maps transactions onto an entire network as opposed to a single data-chain.
What are the core advantages of IOTA over Blockchain? 1.Transaction Rates.
IOTA employs a system wherein the transaction rates increase dramatically as more customers begin to use its native platform.
One of the biggest advantages of IOTA is its ability to facilitate small payments with the incurrence of little to no transaction fees.
From a purely technical standpoint, we find that IOTA uses a processing module that becomes faster as its number of subscribers and transactions increase.
IOTA reduces such heavy cost requirements by eliminating key areas of the conventional mining process.
What makes IOTA so appealing for industrial use cases?
In addition to the aforementioned advantages, IOTAs use can also go beyond its deployment as a simple payment protocol.
Through the use of Masked Authenticated Messaging, IOTA is able to streamline encrypted data transfers while maintaining a high level of integrity, data protection, and data access management.
IOTA not only provides a platform that has the potential to facilitate digital payments for everyday transactions and trade but also delivers a technology which makes IoT communication a reality.
Exploring the Top 5 Technological Advantages of IOTA Over Blockchain
Published on Apr 25, 2018
by Cryptoslate | Published on Coinage
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