Tangle
Tangle is a distributed ledger technology (DLT) that is used to facilitate secure and fast transactions. It is an open source, decentralized, and permissionless platform that is based on a directed acyclic graph (DAG) structure. Unlike traditional blockchain technology, Tangle does not require miners or fees to validate transactions. Instead, it relies on the users of the network to validate transactions by verifying two previous transactions. This process is known as “proof of work” and is used to ensure the security and integrity of the network.
History of Tangle
Tangle was first proposed in 2015 by a team of researchers at the University of Aachen in Germany. The team was led by Dr. Serguei Popov, who is now the co-founder of the IOTA Foundation. The IOTA Foundation is a non-profit organization that is responsible for the development and maintenance of the IOTA cryptocurrency, which is based on the Tangle technology. Since its inception, Tangle has been adopted by a number of companies and organizations, including Microsoft, Volkswagen, and Bosch.
Comparison Table
| Technology | Blockchain | Tangle |
|---|---|---|
| Validation | Miners | Users |
| Fees | Yes | No |
| Structure | Linear | DAG |
Summary
Tangle is a distributed ledger technology (DLT) that is used to facilitate secure and fast transactions. It is an open source, decentralized, and permissionless platform that is based on a directed acyclic graph (DAG) structure. Unlike traditional blockchain technology, Tangle does not require miners or fees to validate transactions. Instead, it relies on the users of the network to validate transactions by verifying two previous transactions. For more information about Tangle, you can visit the IOTA Foundation website or read the IOTA whitepaper.
See Also
- Blockchain
- Distributed Ledger Technology (DLT)
- Directed Acyclic Graph (DAG)
- Proof of Work
- IOTA
- Cryptocurrency
- Smart Contracts
- Consensus Algorithms
- Decentralized Applications (DApps)
- Distributed Computing
