8/16/2023 0 Comments Iota tangle bugAfter the issuer of a transaction has approved good transactions or disapproved conflicting transactions (transactions that are in conflict with tangle history), it will become a tip that is waiting to be approved by the next issuer of a transaction. The only "payment" the network expects is the verification of two transactions and the proof of work. Empty transactions are possible on the tangle. All tokens have been premined, and there will be no new tokens issued, which will be an interesting analysis point in regard of the monetary system build on IOTA (More details in the financial outlook)! In order to use the tangle, the user doesn't necessarily have to own IOTA tokens. Resulting that the network consists of only one kind of participant that has to provide computing power to the network in order to issue transactions. ![]() The main point is: " Every new transaction must approve two other transactions." It is a tree-root system, starting with the genesis payments and growing into more and more branches that are interconnected. IOTA is not relying on a blockchain anymore. So what makes IOTA's tangle beneficial to the classical bitcoin blockchain, and what are its disadvantages? For this article, I will keep to the points stated above. There are more points about the Bitcoin protocol current state, future prospects, its economical and ecological value that can be discussed.
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