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Tangle Vs Blockchain Reddit

Tangle (dag) Vs Blockchain

Tangle (dag) Vs Blockchain

A Tangle is a novel technology concept that can mitigate most of the problems associated with blockchain based cryptocurrencies. Cryptocurrencies relying on a Tangle have no transaction fees, miners or blocks. Examples of Tangle based cryptocurrencies include IOTA and Byteball. With Byteball you can make safe contracts that will be executed exactly as agreed upon. IOTA is ideal for micropayments and machine-to-machine payments. A tangle, also known as a Directed Acyclic Graph (DAG), is a new approach to blockchain. Blockchain technology has taught us that mining might not be the ideal solution, especially for tackling scalability issues. A tangle has no mining, no blocks, and no transaction fees. The security and consensus of the network are not divided among miners and validators. A tangle has found a solution for the problem of unwanted centralization. Users of the network have to validate two old transactions, via proof-of-work or other implementations, in order to be able to conduct one transaction of their own. Users wont receive a reward or have to pay a transaction fee. Basically, the users become the miners. This is beneficial as it becomes impossible to form large mining groups. However, a tangle avoids conflicting visions between miners and network users. A tangle doesnt use the principle of linking bulky blocks to each other. Instead, a tangle builds a graph of transactions which reference older transactions, and therefore can confirm transactions immediately as they are received by a node, instead of having to wait for the next block. In theory, this enables parallel verification of transactions. Not everyone is aware of the limitations of a blockchain. Understanding these limitations will help you better understand a tangle, and the problems it tries to so Continue reading >>

A Blockchain Vs. Dag Analogy - Iota

A Blockchain Vs. Dag Analogy - Iota

I keep seeing FUD/confusion about 0 fee transaction implies spam/congestion will ruin the network. Since the standard direct explanation seems not to penetrate, I came up with an analogy that helped my friend 'get it'. So I wanted to share/confirm the accuracy with the community before using it further. Let's say there are three towns (A, B, C) separated by a dangerous wilderness. Towns A-B develop a group of knights that can carry goods or escort travelers if they wish to go to the other town. Each trip is dangerous and difficult as each knight needs to bushwhack through rough country and avoid/repel attackers. Obviously each trip commands a high price to compensate this effort which means each trip is only worth the fee if the value of the goods sent is large compared to the fee. As the value of the goods increases the knights need to acquire heavier armor and thus stronger horses to support it. Meaning only a smaller group able to invest the required funds can make the trip. Over time only a small number of knights have the armor and horse-power required to make the trip, so only the most necessary (and thus expensive) trips are made. And worse yet, if some joker sends the knights out for frivolous trips, even the highest fee will not be able to send the necessary goods. Towns B-C, on the other hand, organize a wagon train system to carry goods and encourage travelers to journey with the wagons. To begin they require the work of a dedicated squad of path builders. However, once the basic path is complete. Each traveler, despite not paying directly for the trip, add incidental improvements to the route by simply walking along it and turning the rough path into an ever more level, stable foot/wagon path. As the route becomes an ever easier path, bigger and better wago Continue reading >>

Blockchain Vs. Tangle

Blockchain Vs. Tangle

As far as I understand Cardano is a blockchain technology, with its major limitations: fees and scalability. What do the devs think of the 3rd gen crypto like IOTA with a blockless tangle? New comments cannot be posted and votes cannot be cast I lost over $3,000 worth after the snapshot. Would get error message every time I tried to attach it to a new seed after the snapshot. Next thing I knew a few days later and ever since both keys, old and new (that failed to attach) have 0 IOTA in them. I have saved both keys for the future incase anything could be done. I've been in crypto over 2 years and never had this problem with any blockchain. I will wait on IOTA for quite a while now. I am sorry to hear that. I didn't know there are such problems with Iota. I've read a lot of problems with IOTA. My gut tells me their system is not really robust. I should really go through the whitepaper with attention, DAGs are an interesting topic and I do like when I find them in crypto, but in this case something tells me things don't add up. Also, their software does not look really polished, it is difficult to understand their setup. With cardano at least I could compile the whole project in a more classical clone it and build it way, which looks really impressive being written in Haskell. Damn, maybe this is the push I need to learn Haskell. Also, with IOTA, I don't understand their philosophy. They say it is meant for IoT but I cannot imagine microcontrollers doing all the computations on the graph, or its storage. Continue reading >>

Blockchain Is Outdated, Tangle Is The Thing. It`s Like Myspace And Facebook.

Blockchain Is Outdated, Tangle Is The Thing. It`s Like Myspace And Facebook.

Blockchain is outdated, Tangle is the thing. It`s like myspace and facebook. New comments cannot be posted and votes cannot be cast Don't ever compare iota to that disgusting crap heap that is Facebook ever again. You've been warned ;) I bend down on my knees and make the biggest aplogy I ever will make in my life. Im so sorry! This comparing was just discusting done by me. I must have had a blackout or something shitty in my brain. I must have been facewashed... Will call 911 asap. ;) You're forgiven. Hehehe. Iota is visionary, Facebook is sad, old and evil Dead in 10-50 years. Thats a bold statement. I know. But Instagram, Snap and many other big companies will be gone. Only about 10% of the companies started 80 years ago are still operating today. So its normail. Those 10% will be Facebook, Google, Amazon etc. Those companies didn't get to where they are today easily and they certainly will not go down easily as well. That's pure speculation. The tangle might be technologically more advanced than Blockchain. But in the end, the market will decide which technology is more useful and effective. There are still lots of hurdles for IOTA to overcome, starting with a decent wallet. When it comes to IoT though, good luck to any current blockchain in making that happen. What you'll find is blockchains trying to emulate the design of a DAG. Thats tru. Crypto is very much speculation, but speculation on technology. And I beleive in IOTAs technology. I love IoT crypto. I own a fair spread of different projects in Decentralised exchange (ark), bank integration (ripple), payment systems (Omg), IoT( iota, DataBroker). Few other randoms :) The tangle is certainly more advanced than blockchain, but it is definitely not yet robust. Blockchain will always have problems scaling, but D Continue reading >>

Byteball Vs Iota-token.

Byteball Vs Iota-token.

[This article is outdated. A direct technical comparison between Byteball and IOTA is not meaningful anymore since the IOTA development accelerated fast.] I hope you guys had a good start in 2017 as good as mine! Today Im going to show you some interesting facts about Byteballand IOTA. Byteball and IOTA both, share an innovative new technology the Directed Acyclic Graph (DAG). Personally, I think that therefore both should be taken serious, depending on where you want to invest or be a part of! Therefore, this article is not about What is the better platform? because there is simply no answer to that! But about Where lies the field of application? Being in Cryptoland for a few years now, I know that hype is a proper and legit tool to advertise your investment and technology, especially when we are talking about new cutting edge technology which needs to find investors and new developers to grow. No wonder that twitter is exploding and no wonder, that we see lots and lots of misleading information. No one knows when the first idea of IOTA or Byteball came to the minds of David Snsteb, Come-from-Beyond, Sergui Popov of IOTA andAnton Churyumov of Byteball. The former are the first CORE founders of IOTA who bring excellent abilities and a lot of expertise. Since IOTA has grown a lot, CORE has grown with the addition of Dominik Schiener, Gianluigi Davassi and a few more experienced members of the IOTA-foundation. Further info about new foundation-members can be found here: The latter, Anton Churyumov is well-known, a skilled scientist and developer in the scene -and the only developer of ByteballAFAIK. Based on the announcements-threads on Bitcointalkand the date of the fully functioning main netof IOTA in July 2016, it is safe to say that the first DAG aka the Tangle was I Continue reading >>

How The Cryptocurrency Iota Fell Victim To The Fomo-fud Cycle

How The Cryptocurrency Iota Fell Victim To The Fomo-fud Cycle

How the Cryptocurrency IOTA Fell Victim to the FOMO-FUD Cycle With the Bitcoin revolution in full force, the cryptocurrency market is also booming. Actually, booming might be an understatementexploding like a supernova is more like it. The crypto-economy is comprised of over a thousand different digital currencies, many of which are essentially offered as a way to buy what amounts to shares in a company that uses blockchain technology. Every day dozens of coins see price gains at rates that are extremely rare in the traditional stock market. Each month there are at least two or three that really surge in value and capture the attention of the online crypto-community at large. When these surges happen, word spreads quickly across the global infosphere, through social media platforms like Reddit, Twitter, and Facebook , creating a tidal wave of people rushing in to buy out of fear of missing outor FOMO in slang. Consequently, many of those investors become evangelists for their chosen coin, since ones financial success then becomes dependent on that coins continued growth. With such a system, news of major company developments, partnerships, or events, or simply rumors of such news, can create self-amplifying crypto-crazes that swing coin prices in ways that make both blockchain companies and investors a lot of money. When the news is big enough to capture the attention of mainstream media reporters, freshly-published articles become shilling tools for online investors who are eager to spread the word, and in their minds, the wealth. These people, or at least most of them, arent trying to be dishonest with their promotions; they have been seduced by the potential of the coin and the promises of its creators. But its not only investors spreading the FOMO. Crypto bloggers, Continue reading >>

Thoughts On Iota Conspiratus

Thoughts On Iota Conspiratus

This post was originally written as a Reddit comment in r/ethereum by Sunny Aggarwal in June 2017. It is being reposted here. This Medium article was originally posted in September 2017 but was accidentally deleted and so is now being reposted again. In fact the reddit comment in r/ethereum was largely a repost from a reddit from a similar comment in r/iota . Yes, this is a lot of layers of reposting. Ive been following and writing about Iota for quite some time now. I even gave a technical presentation on the whitepaper back in February that you can check out here . Over the past few days, Ive also spent an unhealthy amount of time on the #tanglemath channel of the Iota slack trying to learn more information from discussing with some of the core devs. So let me tell you a little bit about what I have learned. So, Ive had much discussion with the devs on this topic, and we are still trying to come to a conclusion. However, at this moment at least, I personally dont buy Iotas promise of being a fee-less system. Instead of transaction fees, in order to publish a transaction to the network, you need to confirm two previous transactions (there are no blocks) and then do a small amount of PoW to be able to publish the transaction (pretty much the Hashcash style of spam prevention). However, the system also depends on the same Proof of Work for the economic security of the system. What I am still having some trouble understanding is how the Proof of Work can be easy enough that IoT devices will have the ability to do it for their own transactions but still be hard enough to prevent 33% attacks or Denial of Service attacks on the system. From what I know, Iota has two major solutions to this. The first involves the suggested tip selection algorithm. In the protocol, they pres Continue reading >>

Tangle Vs Blockchain Transaction Per Second (tps)

Tangle Vs Blockchain Transaction Per Second (tps)

Tangle vs Blockchain Transaction Per Second (TPS) I hear some chatter about how IOTA's Tangle is "not working" and or "low confirmation rate". Let's take a look at this on a serious note. What other Distributed Ledger Tech (includes Tangle and Blockchains) is consistently confirming 1+ transactions per second? First you have to have actual real transactions on the network consistently... rules out lots of the top 100. Even if they are 0 value, they are still valid transactions. If they don't carry value or if they do, the signatures still need to be confirmed. Besides IOTA, Bitcoin and Ethereum comes to mind and we all know that they have their bottlenecks. Maybe I am wrong, if you know of one where the mainnet is actually operating please let me know. I've seen some very nice high quality graphs of other DLTs that show 100,000 TPS but the mainnet isn't actually operating. IOTA has done "simulations" as well and TPS on those are awesome:) But on a serious note, the IOTA Foundation is still testing and working out the kinks in the confirmation node, and they've stated that we are still in beta. With the amount of volume of transactions per second, IMHO we are pretty d**m good already. Keep up the great work IF. Continue reading >>

12 Answers - Is Iota A Good Investment In Terms Of Cryptocurrencies? - Quora

12 Answers - Is Iota A Good Investment In Terms Of Cryptocurrencies? - Quora

Is IOTA a good investment in terms of cryptocurrencies? In terms of innovation, I think IOTA is an excellent idea. Its basically the money your robots are going to use, to interact with other robots so that the entire IoT and AI infrastructure around you will have an economy of its own to somehow make your life easier! For example in the future, you might have a Uber service for drones that deliver you pizza or do your grocery shopping. IOTA is radically different from existing cryptocurrencies in the sense that it doesnt even use blockchain. It uses an entirely new concept called Tangle. Consequently, No transaction fees, enabling true microtransactions. The biggest risk of IOTA is that its security has not yet been tested fully. According to a reddit thread, there was an attempt to test the networks durability by spoofing the network with nonsensical transactions. Apparently, those nonsensical transactions made the network (and hence all other transactions) faster. Also, the only exchange that sells IOTA, is Bitfinex. Its IOTA wallet has this warning on its page Apparently trading in IOTA is a little trickier even for the exchanges, which is why Bitfinex is the only exchange trading them despite a high market cap. Is IOTA a good investment? I think so. Ive invested a large chunk in IOTA. However, its price wont rise unless more exchanges start trading it. Accessibility is a big barrier for IOTA right now, just like it was for Bitcoin some 5 years ago. Originally Answered: Is it good to invest in IOTA? Compared to other altoins iota coin is different. It uses tangle technology instead of blockchain which makes it have faster and no transaction fees.It should be at top 5 cryptocurrency based on tech but there is no guarantee about it since it all depends on completion Continue reading >>

Technical Comparison Of Lightning Vs Tangle Vs Hashgraph Vs Nano - Programmer Explains : Cryptocurrency

Technical Comparison Of Lightning Vs Tangle Vs Hashgraph Vs Nano - Programmer Explains : Cryptocurrency

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Blockchain Vs. Tangle : Cardano

Blockchain Vs. Tangle : Cardano

You are expected to treat everyone with dignity and respect. Personal attacks and insults will not be tolerated and users will be banned. We follow Reddiquette here, an informal expression of the values of many redditors, as written by redditors themselves. Downvotes are for bad information or rudeness, not casual disagreement. Rule 2: Keep the discussions Cardano related and always look to add value All posts must be related to Cardano, Ada, or any projects and businesses related to the project. Links, posts and comments not related to Cardano will be removed and repeat offenders will be banned. Always look to add value where you can, we want this to be a place where people can learn more about the project and easily stay up to date with the most relevant news & updates. Rule 3: Scare tactics, hype, FUD and fake news are prohibited You are not allowed to post fake news or spread misinformation. Repeated attempts to pump, shill, or spread FUD (fear, uncertainty, and doubt) will result in a ban. If you dont have facts to back up assumptions then please do not post. Alt accounts are not allowed. In addition, posts including referral links, phishing websites, affiliate links, advertisements or duplicate content will be removed and repeat offenders will be banned. Low-value content includes but is not limited to; memes, reaction gifs, speculation/hype, old links, duplicate links etc... Rule 5: Please search for answers prior to posting You can find the answers to many questions you may have by using the Reddit search bar. Reddit is not a place to ask technical support related questions. Please head to the official Cardano Forum where there is a dedicated category called Technical Support . You can also browse the official Help Centre to find in depth support articles such Continue reading >>

Iota Year In Review, Year Inpreview

Iota Year In Review, Year Inpreview

As we find ourselves at the twilight between 2016 and 2017 it is time for a brief summary of the year behind us, as well as a teaser of what is to come. 2016 has been an eventful year for IOTA, starting back in early January with alpha testing of the worlds first Directed Acyclic Graph / Tangle based distributed ledger. The first DLT that goes beyond blockchain. Indeed IOTA is the worlds first digital settlement system without any fees which now got over 3 million successful transactions in it. In those exciting 12 months we have gone through numerous iterations and optimizations of the core protocol, attended numerous conferences to spread the vision of IOTA at different continents, developed several tools for developers and also on boarded and made partnerships with seminal thinkers and leading companies in the wide sectors that this new kind of distributed ledger can add value to. IOTA has been covered in Forbes, ReadWrite, TechCrunch etc. and have more and more companies approach us to learn more daily. 2017 will be the year where IOTA is truly launched and real world adoption via deployments start occurring. There are a lot of projects going on with companies that are now very close to being revealed, some dating back to 2015. Now that the networking is nearing a stabilized state we are already preparing the official exchange launch date with several of the largest and most reputable exchanges in the space. We are also very actively developing the IOTA Sandbox and Libraries for IOTA that will make utilizing IOTA for your application/curiosity very simple and user friendly. We will also be hosting several IOTA Hackathons in the new year with different partners, starting at the 2729 of January with the Hack the Valley hackathon together with Thomson Reuters and Ethe Continue reading >>

Discussion: (article) Scaling A Blockchain Vs Scaling A Tangle

Discussion: (article) Scaling A Blockchain Vs Scaling A Tangle

Discussion: (Article) Scaling a Blockchain vs Scaling a Tangle Pointing out possible weaknesses in the DAG scalability "Professional Network engineer here. Not a crypto-expert, but I know a thing or two about networks and distributed systems, and since this is more of a networking issue than a cryptography issue I feel like I may have some insight. The issue that is being discussed here is actually the exact same thing which CFB and David are constantly saying is an advantage to the systems security, and that Vitalik Buterin doesnt seem to know exists. The system is Network Bound, or the speed at which transactions can be performed is bound by the topology of the Network. Being network bound, means that Iota does not rely entirely on PoW to prevent malicious transactions, it can rely on the fact that one cannot simultaneously effect the entire network by flooding it with transactions. One can flood a single node with transactions, potentially disrupting that node, but other nodes will only get secondary effects from the spam and the spam itself will take longer and longer to confirm. As far as legitimate transactions being effected by the system being network bound, thats why DAG system currently needs the coordinators. The nature of network communication is that the more nodes exist, the faster nodes can acquire (or direct to) relevant data from their peers. Its kind of like the x-degrees of separation from Kevin Bacon game, the more connections there are in the system the more likely there is to be a small number of hops required to reach a goal. The internet would be extremely inefficient if there werent so many distributed servers working to coordinate the traffic. If you were trying to build the internet from scratch again, you would need centralized servers to co Continue reading >>

Iota Vs Nano (raiblocks)

Iota Vs Nano (raiblocks)

Crypto enthusiast, software engineer, entrepreneur Update Feb 2, 2018: This article was written before RaiBlocks rebranded to NANO . I am leaving occurrences of RaiBlocks for historical purposes. Wherever you see RaiBlocks, you can substitute the word NANO . There is a new generation of cryptocurrencies gaining popularity; namely that of fast, feeless, minerless cryptocurrencies (Ill use FFM for fast, feeless, and minerless from now on). At the moment, there are only a few to name, and IOTA and RaiBlocks are two of the most prominent ones at the moment. They differ quite vastly in how they implement FFM. This means they have different characteristics in how they perform, their complexity, and their robustness. Ill go over these in the following sections. In general, I think these inventions are fantastic and we need more competition and research in the area of FFM cryptos. A few competitors and copycats are already starting to pop up, for example Radix , which sounds interesting, but is still under development. Its hard to say whether there will be one to rule them all because these different cryptos perform differently and specialize in different use cases. Mining has gotten a lot of flak recently as people have performed calculations on how it will affect energy demand and global warming . Here is an interesting rebuttal by Andreas M. Antonopoulos , on YouTube . He makes many good points, but he does not fully convince me. When there is an incentive to spend incredible amounts of energy to send transactions (especially microtransactions), you have an inefficient, unsustainable system that is difficult to fix. (Transaction fees for Bitcoin today are on the order of $30.) Miners who already exist dont want their expensive AntMiners, GPUs, and CPUs to go to waste. So th Continue reading >>

Iota Makes Bright Future For Internet Of Things, It's Not Just A Cryptocurrency Based On Blockchain

Iota Makes Bright Future For Internet Of Things, It's Not Just A Cryptocurrency Based On Blockchain

Digital nomad who finds inspiration in technology and trends. Work online from anywhere. Enjoying changes and excited about blockchain and cryptoworld. How IOTA makes bright future for Internet ofThings Internet of Things (IoT) holds one of the biggest potential for human life change. It might become the fastest growing market in next couple years but the more important thing is that the development in related areas is interconnecting. Since IOTA has been released, we gained the whole new perspective not only for IoT, but for Industry 4.0 itself. The recent boom in the cryptocurrency market proved one more time that decentralization is a real thing and our society will get to that point sooner or later. For a long time I believed that blockchain is a revolutionary system that will change our lives, starting from cryptocurrency and changing the old banking system. When I heard about IOTA I realized that there is no end and even blockchain won't rule forever. In this article I tried to collect the most relevant information, how IOTA will change the economy of Internet of Things (IoT). We hear many news about self-driving cars, smart fridges and intelligent drones but very few from behind the scene. I will try to connect as many dots as possible to give you a quick overview to upcoming future. Upadate December 2017: Bitfinex stopped registration for new users. If you want to buy IOTA I recommend Binance exchange. The price went recently from 1 USD up to 5 USD. Be careful there will be increased volatility in coming days. As you will read bellow, IOTA is my favourite cryptocurrency and I believe that we will see the price much more higher in 2018. I do not recommend trading but buying IOTA and holding ! Before Internet of Things becomes an integrated part of our everyday l Continue reading >>

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