IOTA
Symbol
MIOTA

Descrption:IOTA is a permissionless distributed ledger for a new economy. By solving the inefficiencies of the Blockchain, IOTA, based on the revolutionary distributed ledger technology, the Tangle, is the missing link for the Internet of Everything and Web 3.0. Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies - the most important one being the Machine Economy which we are building.

88
evaluation
Information
WebSite https://www.iota.org/
GitHub iotaledger/iri
Update Date 2018 Aug 31 10:08:37
Market
Circulating Supply 2,779,530,240
Total Supply 2,779,530,240
Max Supply 2,779,530,240
Price $0.5342896
Volume 24h $25,023,108
Market Cap $1,485,074,050
Change 24h -6.87%
Update Date September 26th 2018, 1:53:51 am

The Tangle

v1_4_3

Principle and design goals

In this paper we discuss an innovative approach that does not incorporate blockchain technology. This approach is currently being implemented as a cryptocurrency called iota, which was designed specifically for the IoT industry. The purpose of this paper is to focus on general features of the tangle, and to discuss problems that arise when one attempts to get rid of the blockchain and maintain a distributed ledger. The concrete implementation of the iota protocol is not discussed. 

 In general, a tangle-based cryptocurrency works in the following way. Instead of the global blockchain, there is a DAG that we call the tangle. The transactions issued by nodes constitute the site set of the tangle graph, which is the ledger for storing transactions. The edge set of the tangle is obtained in the following way: when a new transaction arrives, it must approve two previous transactions. these approvals are represented by directed edges. If there is not a directed edge between transaction A and transaction B, but there is a directed path of length at least two from A to B, we say that A indirectly approves B. There is also the “genesis” transaction, which is approved either directly or indirectly by all other transactions. The genesis is described in the following way. In the beginning of the tangle, there was an address with a balance that contained all of the tokens. The genesis transaction sent these tokens to several other “founder” addresses. Let us stress that all of the tokens were created in the genesis transaction. No tokens will be created in the future, and there will be no mining in the sense that miners receive monetary rewards “out of thin air”. 

Technology implementation

Consensus mechanism

Accounts and transactions

Smart contract system

Cryptography

Distributed storage protocol

Cross-chain and exchange technology

Special technology

Economic model and incentive

Governance mechanism

Applications

Contributors

No contributors information for the version. to see perfessional version!

Comment

comment/score
Whitepaper similarity
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1st

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No analysis results for the version. to see perfessional version!

Code similarity
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1st

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1.4000000000000001%
2st

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Nuls
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0.3%