![]() ![]() This process creates a web-like structure that grows and expands as more transactions are added, hence the name Tangle. Instead of miners, every transaction on the Tangle network must verify two previous transactions. Unlike traditional blockchain technologies, which rely on miners to validate transactions and secure the network, the Tangle uses a different approach. ![]() It is designed to be lightweight, fast, and efficient, making it an ideal solution for a wide range of IoT applications. The Tangle technology is a decentralized, feeless, and scalable system that enables secure communication and value transfer between IoT devices. In this article, we will dive deep into the inner workings of IOTA’s Tangle technology, exploring its key features and benefits. One of the key features of IOTA is its unique Tangle technology, which has been gaining attention for its potential to solve some of the scalability and cost issues associated with traditional blockchain technologies. How Does IOTA Compare to Other Blockchain Technologies?Īt its core, IOTA is a revolutionary new distributed ledger technology designed for the Internet of Things (IoT) era.What are the Use Cases for IOTA’s Tangle Technology?.What are the Benefits of Using IOTA’s Tangle Technology?. ![]() Investing in or trading crypto assets comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. It is currently consolidating but can see a new high in the near future. IOTA has recently released a EVM testnet on its shimmer testnet which will help the users. The overall sentiment of the RSI is bearish for the future. RSI of IOTA is near 48 with a small downside slope. There can be a negative crossover in price in the future which can push the IOTA price down. The upside trend of IOTA can see a halt near the value of $0.5.Meanwhile the support in the asset price can be seen near $0.1.It is currently trading below the 50 and 100 Daily Moving Average. It is trading near the value of $0.211 with a drop of 2% in the intraday session. On the daily chart it has been moving inside a consolidated trend. The weekly technical chart of IOTA hints towards a downside trend in price. Are Technical indicators favoring IOTA Upside? IOTA has a market cap of $588 Million and is ranked 80th in the cryptoverse.Volume of the asset price has seen a pump of 19% in the intraday session.Volume to market cap ratio of IOTA suggests a consolidated trend in price. Meanwhile IOTA foundation has recently released a EVM testnet on the shimmer testnet which will help the developers. The scalability of IOTA makes a more viable solution for the IoT industry and supply chain management. There are no miners in the transaction process and very less energy is used during the process. There are no miners for the transactions and they are confirmed by using previous transactions in the networks. The Tangle is a directed acyclic graph which enables IOTA to achieve scalability and faster speed than others. IOTA uses a unique technology called the Tangle, which allows for fast transactions. It is one of the safe and secure methods to transfer data between the machines. IOTA has been designed specifically for the Internet of Things (IoT) industry. It has seen a drop of 2% in intraday session
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