IOTA: A Distributed Ledger of Everything for the Emerging Machine Economy

Image for post
Image for post

IOTA is one undertaking in the so-called “crypto-currency” or distributed ledger tech space that stands out as its own sui generis category.

Image for post
Image for post
DAG: chains of transactions without blocks
Image for post
Image for post
The DIKW Pyramid/Hierarchy, used to represent the structural-functional relationships between data, information, knowledge and wisdom. “Typically information is defined in terms of data, knowledge in terms of information, and wisdom in terms of knowledge” (Rowley, 2007).

Ternary

The Tangle

Image for post
Image for post
IOTA tangle visualized. Source: tangle.glumb.de

Qubic

Image for post
Image for post

Tip Selection Algorithms and Markov Chain Monte Carlo

Coordinator (COO)

Economic Clustering

Image for post
Image for post

Local Modifiers

Nash Equilibrium

ISOs

Links and Resources

Written by

CryptoBrowser.io — the latest blockchain news, ICOs, IEOs, crypto analysis, DApps, crypto events, leading STO advisors and crypto companies — all in your hands.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store