IOTA Tangle EL15

IOTA is a cryptocurrency that aims to be the backbone of Internet of Things (IoT) transactions, boasting no transaction fees, no mining, no blocks, no consensus, and quantum resistance. IOTA’s Tangle uses a directed acyclic graph as the foundation for a distributed public ledger. This ELI5 introduces directed acyclic graphs and explores in depth how IOTA’s Tangle is designed and functions. The report examines the Tangle’s strengths and highlights areas of concern, providing the reader with an in depth primer on the technology. 

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