A study by two top Turkish universities found that Tangle outperforms other types of DLT, including traditional blockchain, in the Internet of Things (IoT). Tangle has low transaction burden, low energy demand, and good scaling, making it more suitable for industries such as IoT that require high volume of transactions at low cost.
Tangle, the type of distributed ledger technology (DLT) on which networks such as IOTA are built, is far more suitable for industries such as the Internet of Things (IoT), finds new research from two top Turkish universities. I did.
The study was conducted by Bahcesehir University and Syirt University and published in Turkish Academic Research Review.
1/8. A study by Bahcesehir University and Syrut University published in the Turkish Academic Research Review found that: #blockchain and #tangle technology #IoT context. What’s the verdict? The knot will come out on top. Here’s why: 👇https://t.co/aEHd6oFyDY
— Salima (@Salimasbegum) October 14, 2024
Tangle relies on directed acyclic graphs (DAGs), which are data structures in which nodes are connected by directed edges that have direction. DAGs have no cycles, so they guarantee a definite ordering of transactions. In traditional blockchains, transactions are ordered in blocks and added to the chain in a linear sequence. With a DAG, transactions are confirmed individually without the need for blocks.
Research shows that one area where Tangle has an advantage over traditional blockchains is in microtransactions, which enable fee-free transactions. To approve a transaction, participants must approve previous transactions. This also eliminates the need for mining, making the process much cheaper. This is critical to the IoT, as individual devices send thousands of transactions containing critical data between devices every day. Networks such as Ethereum, which have high fees for each transaction, are not suitable for IoT.
There are currently nearly 20 billion interconnected IoT devices, and experts predict that number will double by the end of the decade. Paying a fee for each transaction from such devices is unsustainable, even on networks with low fees.
IOTA’s Tangle defeats blockchain
Speed is also important in IoT. Imagine a world where traffic lights are automated by IoT. Delays in relaying information between IoT devices can result in fatal accidents, loss of life, and millions of dollars in damages.
Therefore, the network supporting IoT must have high throughput and zero latency. This is another area where IOTA’s Tangle outperforms traditional blockchains. With Tangle, even as the number of transactions increases, efficiency increases unimpeded because new transactions confirm previous transactions.
Tangle is also energy efficient, unlike traditional blockchains. There is no need to mine as each new transaction is used to confirm the previous one. Mining is a very energy-intensive process. Experts estimate that BTC alone consumes more than 120 terawatt hours (TWh) of electricity annually, which is more than the annual consumption of Argentina, the world’s 22nd largest economy with over 45 million people. many.
With Tangle, IOTA is the undisputed industry leader. This has established IOTA as a leader in the industry it was originally designed to focus on: IoT. But as founder Dominic Schiener told CNF in an exclusive interview earlier this year, it has since expanded into other areas, including the tokenization of real-world assets.
IOTA is trading at $0.1293, up modestly over the past day, for a weekly gain of 6.3%.
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