Tangle Summary
- Tangle is a type of distributed ledger technology (DLT) used by the IOTA cryptocurrency.
- It employs a Directed Acyclic Graph (DAG) structure instead of a traditional blockchain.
- Tangle aims to provide scalability, feeless transactions, and faster processing times.
- Designed to support the Internet of Things (IoT) ecosystem.
- It eliminates the need for miners and uses a consensus mechanism that involves users confirming each other’s transactions.
Tangle Definition
Tangle is a form of distributed ledger technology (DLT) that uses a Directed Acyclic Graph (DAG) structure instead of a traditional blockchain. It is designed to enable scalable, feeless, and fast transactions, particularly for the Internet of Things (IoT) devices. Unlike blockchain, Tangle does not require miners; instead, users validate each other’s transactions, creating a decentralized and efficient network.
What Is Tangle?
Tangle is a novel form of distributed ledger technology (DLT) that diverges from the traditional blockchain model.
It is based on a Directed Acyclic Graph (DAG) structure, which allows for multiple transactions to be processed simultaneously.
This architecture is designed to facilitate scalable, feeless, and instantaneous transactions.
Tangle is the underlying technology behind the IOTA cryptocurrency.
Who Developed Tangle?
Tangle was developed by the IOTA Foundation.
The IOTA Foundation is a non-profit organization focused on creating and developing technologies for the Internet of Things (IoT).
The foundation was established by a group of blockchain enthusiasts and technologists who aimed to overcome the limitations of traditional blockchain systems.
When Was Tangle Introduced?
Tangle was introduced in 2015 by the IOTA Foundation.
The initial concept and whitepaper were published by Sergey Ivancheglo, Serguei Popov, and Dominik Schiener, who are among the founders of the IOTA Foundation.
Since its introduction, Tangle has undergone various iterations and improvements to enhance its functionality and security.
Where Is Tangle Used?
Tangle is primarily used within the IOTA ecosystem.
It is designed to support the Internet of Things (IoT), enabling seamless machine-to-machine (M2M) communication and transactions.
Tangle’s unique structure allows it to be deployed in various industries, including automotive, supply chain management, and smart cities, where scalable and feeless transactions are crucial.
Why Is Tangle Important?
Tangle is important because it addresses several limitations of traditional blockchain technology.
Firstly, it offers scalability by allowing multiple transactions to be processed simultaneously, eliminating bottlenecks.
Secondly, it provides feeless transactions, making it cost-effective for microtransactions, especially in the IoT ecosystem.
Thirdly, Tangle’s decentralized nature, where users validate each other’s transactions, enhances network security and reduces the reliance on miners.
How Does Tangle Work?
Tangle operates on a Directed Acyclic Graph (DAG) structure.
In this structure, each new transaction must confirm two previous transactions to be considered valid.
This process creates a web of interlinked transactions, ensuring that the network remains decentralized and secure.
The absence of miners means that the responsibility of validation is distributed among users, promoting scalability and reducing transaction fees.
Because of its design, Tangle can handle a higher volume of transactions compared to traditional blockchains, making it ideal for IoT applications.
