AstudybytwotopTurkishuniversitiesfoundthatTangleissuperiortoothertypesofDLT,includingtraditionalblockchains,fortheInternetofThings(IoT).
Tangle’sfeelesstransactions,lowenergydemands,andbetterscalingmakeitmoresuitedforindustrieslikeIoT,whichrequiremassiveamountsoflow-costtransactions.
Tangle,atypeofdistributedledgertechnology(DLT)thatnetworkslikeIOTAarebuilton,isamuchbetterfitforindustriesliketheInternetofThings(IoT),anewstudybytwotopuniversitiesinTurkeyhasfound.
ThestudywasconductedbyBahçeşehirUniversityandSiirtUniversityandpublishedintheTurkishAcademicResearchReview.
1/8.AstudybyBahçeşehirUniversityandSiirtUniversity,publishedintheTurkishAcademicResearchReview,compares#Blockchainand#Tangletechnologieswithinthe#IoTcontext.Theverdict?Tanglecomesoutontop.Here’swhy.👇https://t.co/aEHd6oFyDY
—Salima(@Salimasbegum)October14,2024
Tanglereliesonadirectedacyclicgraph(DAG),adatastructureinwhichnodesareconnectedbydirectededgesthathaveadirection.DAGshavenocycles,ensuringtheclearorderingoftransactions.Intraditionalblockchains,transactionsareorderedinblocksandthenaddedtothechaininalinearsequence.WithDAGs,transactionsareconfirmedindividuallywithouttheneedforablock.
Accordingtothestudy,oneoftheareasthatTanglebeatstraditionalblockchainsisinmicrotransactionsasitallowsforfeelesstransactions.Tohaveatransactionapproved,aparticipantneedstoapproveapriortransaction.Thisalsoeliminatestheneedformining,makingtheprocessmuchcheaper.ThisiscrucialforIoTastheindividualdevicessendthousandsoftransactionseverydayamongstthemselves,containingcrucialdata.AnetworklikeEthereum,wherethefeesarehighforeachtransaction,wouldbeunsuitedforIoT.
Today,therearenearly20billioninterconnectedIoTdevices,anumberthatexpertsexpecttodoublebytheendofthedecade.Payingfeesforeverytransactionfromsuchdeviceswouldbeuntenable,evenfornetworkswithlowerfees.
IOTA’sTangleBeatsBlockchain
SpeedisalsocrucialforIoT.ImagineaworldwheretrafficlightsareautomatedthroughIoT—ifthere’sadelayinrelayinginformationbetweentheIoTdevices,itcouldresultinfatalaccidents,resultinginliveslostandmillionsofdollarsdamaged.
Assuch,anynetworkunderpinningIoTmusthavehighthroughputandnolag.ThisisanotherfieldwhereIOTA’sTanglebeatsthetraditionalblockchains.WithTangle,asthenumberoftransactionsincreases,efficiencyisboosted,nothindered,aseachnewtransactionconfirmsearlierones.
Tangleisalsoenergy-efficient,unliketraditionalblockchains.Witheachnewtransactionbeingusedtoconfirmpriorones,there’snoneedtomine.Miningisanextremelyenergy-intensiveprocess;expertsestimatethatBTCaloneconsumesover120terawatt-hours(TWh)ofelectricityannually,whichishigherthantheannualconsumptionofArgentina,theworld’s22nd-largesteconomywithover45millioncitizens.
WithTangle,IOTAistheundisputedindustryleader.ThishasestablishedIOTAastheleaderinIoT,whichwastheindustryitwasoriginallydesignedtofocuson.However,asfounderDominikSchienertoldCNFinanexclusiveinterviewthisyear,ithassinceexpandedtoothersectors,includingthetokenizationofreal-worldassets.
IOTAtradesat$0.1293,gainingmarginallyoverthepastdaytotakeitsweeklyriseto6.3%.
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