The main feature of the IOTA cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machine-to-machine micropayment system.
IOTA utilizes the Tangle, which is a product convention that generally varies from the blockchain convention. The splendor of the Tangle is that exchanges are handled in parallel. The Tangle varies from blockchain in two primary ways:
1) IOTA can accomplish high exchange throughput by parallelizing approval. As the Tangle develops with more exchanges, IOTA turns out to be quicker and more secure with exchange irrevocability happening all the more rapidly as system minimum amount is drawn closer.
2) The way agreement is accomplished in a blockchain is through a thorough system that requires numerous gatherings to "race" against each other trying to include the following piece and win the square rewards. Since "mineworkers" and "clients" are decoupled substances, square rewards paid to diggers will inevitably generally comprise of clients' exchange expenses. In the Tangle, "mineworkers" and "clients" are never again decoupled substances.
All together for an exchange to be affirmed on a blockchain, a specific subjective time interim must slip by for square creation. The Tangle takes into account offbeat settlement, implying that there are no extraneous discretionary fleeting limitations on exchange finish.
The Tangle is modified in ternary which is a deviation from the conventional twofold code. Ternary is considerably more productive than twofold, and accommodates some huge enhancements in usefulness. The Tangle can be keep running on twofold or ternary frameworks.
Bitcoin has scalability issues and long affirmation times because of a developing client base. The contrary will be valid in IOTA. Truth be told, affirmation times will take the longest when the system is little, while they will approach zero as the client base develops in estimate. Along these same lines, as the quantity of exchanges in IOTA expands, the limit of the Tangle to deal with considerably more exchanges is expanded. This is a shiny new idea that will take some getting used to. The idea that the Tangle doesn't work ideally until the point that minimum amount reception is vital to get it.