Community post
Decentralized Crypto Without Blockchain
IOTA, the first cryptocurrency without a blockchain, makes use of a protocol referred to as the “Tangle,” that is primarily based on DAG technology. In a blockchain as we know, various transactions are bundled in every block before this bundle of transactions is verified by miners. within the Tangle, each single transaction forms a new block and is essentially confirmed by itself: To be able to successfully conduct a transaction, you first need to confirm two randomly selected transactions is the network. Meaning no miners needed
Not much going on this topic on steemit. I would like to hear some views about this relatively new technology.
If you will like to see more on IOTA support by upvoting and leaving a comment
Love,
Seyi
Replies (4)
a great thing - best of all: no mining needed.
Mining needs so much power consumption...
Well if you could explain this...
But then you were really asking how it works didn't you? ;)
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