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RE: IOTA - more questions than answers.

in #iota7 years ago (edited)

So IOTA uses a completely different structure called the "Tangle" as you know but it isn't a "blockchain" it is only inspired by Bitcoin's technology. The network is secured by people running nodes. Your transactions are confirmed by teamwork on the network- you have to verify two other transactions before yours get transacted. The incentive to run these full nodes is that you are creating a completely new infrastructure and being a part of history, that's enough for some people to participate. For the greater good I guess you could say.

If you have any other questions about crypto, I study them all day everyday- also do BTC price forecasting here :)

HAPPY TRADING!

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Thanks for the comment. Yes, I know what Iota is - I read the whitepaper. It is just there are many questions regarding the design and the inner structure of incentives.

Imagine how certain ants help each other out by forming living bridges over obstacles such as water or gaps in the path. The people who support the network are doing so in the hopes of helping accomplish a bigger goal. In the future IOTA will save companies BILLIONS in revenues each year.

Maybe, but those are just words - did you read my questions?

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