it enables fee-less transactions between the owners of the data and anyone who wants to buy it—and there are plenty of companies that want to get their hands on data.
IOTA uses a “tangle,” which is based on a mathematical concept called a directed acyclic graph.
Response Three:
Orcutt’s claim that IOTA is free of fees is misleading. IOTA users do the proof of work on their own devices, per transaction.
the work required is a fee. Restricting the ways in which the fee can be paid—requiring that the work be done on a user’s own device—doesn’t make it go away.
4
17 reads
The idea is part of this collection:
Learn more about technologyandthefuture with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
Related collections
Similar ideas
Proof of stake
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
Using Emission Computed Tomography
To use the ECT method is to inject radioactive atoms into the person's bloodstream and have them circulated into the brain. The energy emitted is monitored by external devices that provide information about their concentration in the brain. Lastly, a mathematical model allows the data on radiatio...
ACID (atomicity, consistency, isolation, durability) is a set of properties of database transactions intended to guarantee data validity despite errors, power failures, and other mishaps. In the context of databases, a sequence of database operations that satisfies the ACID properties (which can ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates