![]() ![]() The aim of this approach is to create use-cases for smart-contracts concerning micro-transactions that are unfeasible with blockchains. Iota smart contracts consensus mechanism will select a local committee of limited size for execution. This approach is similar to staking in proof of stake, but it eliminates token minting and fees. Mana is a reputation system that is fine-tuned to facilitate global consensus. Holding tokens generates mana which you can rent out and get compensated for in return. When you hold tokens in a traditional blockchain, you do not have any claim on the network resources. ![]() Only conflicting transactions are subject to a global consensus mechanism. Each node can come to a local conclusion on what s valid and what s not. The consensus algorithm of iota is tailored to harness the full potential of the network in terms of throughput and confirmation time. Its development is supported by the non-profit iota foundation and its standardization is ensured by the object management group. Iota is designed to be much more scalable than blockchains, and decentralized. The feeless nature is crucial for data applications that do not require an exchange of value, and micro transactions that would be hindered by fee overheads. Iota is becoming a free universal data authentication and feeless value exchange network. ![]() r/CryptoCurrencyMemes r/CryptoCurrency_Tech r/CryptoMarkets r/CryptoRecruiting r/Best_of_Crypto r/BitcoinMarkets r/BitcoinMining r/CryptoTrade r/Ethfinance r/EthTrader r/Jobs4Crypto r/Liberland r/NFT r/OpenBazaar r/GPUmining Mastering Ethereum (Open Source book) Exchanges IBM's ZeroToBlockchain (Free learning resources) See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.See our Expanded Rules page for more details about this rule.This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule.If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies. ![]()
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