dido:public:ra:xapend:xapend.a_glossary:i:iota
Differences
This shows you the differences between two versions of the page.
|
dido:public:ra:xapend:xapend.a_glossary:i:iota [2022/01/10 16:42] nick created |
dido:public:ra:xapend:xapend.a_glossary:i:iota [2022/01/10 16:44] (current) nick |
||
|---|---|---|---|
| Line 2: | Line 2: | ||
| [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | ||
| - | **Iota** is an [[dido:public:ra:xapend:xapend.a_glossary:o:oss]] distributed ledger and cryptocurrency designed for the [[dido:public:ra:xapend:xapend.a_glossary:i:iot]]. It uses a [[dido:public:ra:xapend:xapend.a_glossary:d:directed_acyclic_graph_dag]] to store [[dido:public:ra:xapend:xapend.a_glossary:t:transaction | Transactions]] on its [[dido:public:ra:xapend:xapend.a_glossary:d:distributed_ledgers]], motivated by a potentially higher scalability over blockchain based distributed ledgers. **Iota** does not use [[dido:public:ra:xapend:xapend.a_glossary:m:miner | Miners]] for its [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_process]] for validating transactions, instead, [[dido:public:ra:xapend:xapend.a_glossary:n:node | Nodes]] that issue a new transaction on the network must approve two previous transactions. Transactions can therefore be issued without fees, facilitating microtransactions. The network currently achieves consensus through a **Coordinator Node**, operated by the Iota Foundation. As the coordinator is a [[dido:public:ra:xapend:xapend.a_glossary:s:spof]], the network is currently centralized. | + | **Iota** is an [[dido:public:ra:xapend:xapend.a_glossary:o:oss]] [[dido:public:ra:xapend:xapend.a_glossary:d:dlt]] and [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency]] designed for the [[dido:public:ra:xapend:xapend.a_glossary:i:iot]]. It uses a [[dido:public:ra:xapend:xapend.a_glossary:d:directed_acyclic_graph_dag]] to store [[dido:public:ra:xapend:xapend.a_glossary:t:transaction | Transactions]] on its [[dido:public:ra:xapend:xapend.a_glossary:d:distributed_ledgers]], motivated by a potentially higher scalability over blockchain based distributed ledgers. **Iota** does not use [[dido:public:ra:xapend:xapend.a_glossary:m:miner | Miners]] for its [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_process]] for validating transactions, instead, [[dido:public:ra:xapend:xapend.a_glossary:n:node | Nodes]] that issue a new transaction on the network must approve two previous transactions. Transactions can therefore be issued without fees, facilitating microtransactions. The network currently achieves consensus through a **Coordinator Node**, operated by the Iota Foundation. As the coordinator is a [[dido:public:ra:xapend:xapend.a_glossary:s:spof]], the network is currently centralized. |
| Source: [[https://en.wikipedia.org/wiki/IOTA_(technology) ]] | Source: [[https://en.wikipedia.org/wiki/IOTA_(technology) ]] | ||
dido/public/ra/xapend/xapend.a_glossary/i/iota.1641850926.txt.gz ยท Last modified: 2022/01/10 16:42 by nick
