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Iota: the Tangle Registry

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About IOTA: IOTA enables companies to explore new b2b models by making each technology resource a potential service to trade in an open market in real time at no cost. In this new autonomous machine economy, IOTA will be the backbone. The Tangle Registry is able to settle transactions at no cost, allowing devices to exchange exact quantities of on-demand resources and store sensor and data logger data securely and securely on the ledger.

Some interesting features of IOTA : The main innovation behind IOTA is the Tangle, a revolutionary new block-free, scalable, lightweight distributed book that, for the first time, allows you to transfer value at no cost. Unlike the current Blockchains, the consensus is no longer decoupled but is an integral part of the system, leading to a decentralized and self-regulating peer-to-peer network.

Micro-transaction

For the first time, true micro and even nano-transactions are enabled through the IOTA Tangle’s unique architecture, providing developers with a whole new set of tools for their applications in both IoT and Web. This is fueling new business opportunities for companies whose prohibitive costs have remained in the realm of the impossible until now.

Data transfer

The main feature of IOTA is the ability to transfer data through entanglement. IOTA gives you several options to do this, making it possible to establish secure and authenticated communication channels between the devices. All data transferred via IOTA is fully authenticated and tamper-proof, making attacks impossible.

The vote

Although IOTA is particularly suited to the Internet-of-Things, the Tangle allows a variety of use cases involving secure data transmission, especially for electronic governance. An important part of this sector is electronic voting. Exploration in this field of use cases has already started by several companies and academics.

Masked messaging

As the first extensible module of the IOTA core, MAM allows nodes to exchange data through entanglement, fully authenticated and encrypted. This means that your devices can transmit valuable and sensitive data with quantum-proof security across the Tangle, ready to be analyzed later. MAM makes sharing data with multiple parts easy, like a radio, multiple parts can simply tune in on your frequency and get broadcast data.While the world has embraced the sharing economy in areas such as driving and hosting, IOTA opens the door to a whole new area where anything that has a chip can be rented in real time. Most of our assets remain inactive for most of the time we own them, but through IOTA many things like devices, tools, drones, eBikes etc. and resources such as computer storage, computing power, WiFi bandwidth, and so on. can be converted into rental services without effort.

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IOTA: The Tangle Registry. (2018, December 17). GradesFixer. Retrieved October 28, 2020, from https://gradesfixer.com/free-essay-examples/iota-the-tangle-registry/
“IOTA: The Tangle Registry.” GradesFixer, 17 Dec. 2018, gradesfixer.com/free-essay-examples/iota-the-tangle-registry/
IOTA: The Tangle Registry. [online]. Available at: <https://gradesfixer.com/free-essay-examples/iota-the-tangle-registry/> [Accessed 28 Oct. 2020].
IOTA: The Tangle Registry [Internet]. GradesFixer. 2018 Dec 17 [cited 2020 Oct 28]. Available from: https://gradesfixer.com/free-essay-examples/iota-the-tangle-registry/
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