I Will Build IOTA DAG Platform From Scratch
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With new cryptocurrencies appearing, and disappearing every single day, it is becoming increasingly difficult to know which currencies are worth investing in, and which ones are not.
IOTA is an open-source distributed ledger and its aim is to facilitate secure payments and communications between devices that are a part of the Internet of Things.
Instead of using the blockchain technology as Bitcoin does, IOTA uses a directed acyclic graph (DAG) and also allows users to transact without incurring any fees – much unlike other cryptocurrencies. Confirmation and transaction times are faster than the blockchain, and the number of individual transactions that the system can process simultaneously is unlimited
The IOTA Tangle uses the Winternitz signature which is a hash-based cryptography and is used instead of the usual elliptic curve cryptography.
IoT Chain (ITC), IOTA, and Byteball are the blockless projects currently shining in the market that uses this technology.
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