The biggest difference between IOTA and currencies like Bitcoin or Ethereum is that there is no division between users and miners. For IOTA users will be miners, and miners are users. What is the secret? That is the mechanism of request no matter how much you transfer, you will have to confirm 2 transactions of other people to ensure your transaction is completed. In other words when you transfer money you are both a user, you are both a miner. However, this technology has both advantages and disadvantages. For traditional blockchain networks, the transaction time delay in a system depends on the average time of a block chain and the cost that the user has to pay. For Tangle technology, the usage time will depend on the level and number of users in the system. If there are few transactions at the time you make the transaction, there is less digging, the transaction time will be delayed. When the system has many transactions, the transaction time is reduced, as opposed to traditional blockchain networks, many network transactions will be blocked and you have to wait a long time
.
Topic: Difference between IOTA and BTC, ETH (Read 94 times)
Jump to: