Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: Munareal on December 19, 2018, 10:25:42 AM

Title: Is IOTA a mineable coin?
Post by: Munareal on December 19, 2018, 10:25:42 AM
IOTA uses the Tangle technology which doesn’t use miners.With IOTA, there is no concept of block. Transactions are linked to each other like a big web tangle. Each transaction will be verified by a little PoW by the originating device. It will link the transaction further to two more random transactions. In Tangle, you do not need to wait for blocks to be mined. The transactions are verified parallelly.