In an effort to continue researching and developing blockchain, or distributed ledger technology (DLT), IOTA, a distributed ledger organization, has c
In an effort to continue researching and developing blockchain, or distributed ledger technology (DLT), IOTA, a distributed ledger organization, has collaborated with student organizations at Berkley and University College London.
Researching via Tangle
The Tangle, IOTA`s scalable distributed ledger network, lends itself to a wide variety of use cases, as cryptocoinnews.com wrote in a recent article.
Tangle is flexible and this is something that has assited IOTA Foundation`s work, while inspiring many developers to pioneer distributed network based applicated on it, according to the online media.
“Due to the nature of the direct acyclic graph, or DAG, IOTA’s alternative to blockchain, transactions entering into the network verify previous transactions as part of the enacting process, effectively combining the verification and transacting processes, aspects which are completely isolated from each other in traditional blockchain networks.”, reads an excerpt from cryptocoinnews` report.
IOTA founder David Sonstebo said that this allows for the possibility of micro and even nano transactions, helping users and nodes on the Tangle network to process hyper-exact value exchanges. These micro and nano transactions are supposedly opening up new business opportunities that traditional ecosystems are incapable of supporting.
Universities are testing the Blockchain
Students at UC Berkley and University College Londong use IOTA`s Tangle as an important part of their research. The students that are taking part come from different programs, from financial systems to computer science and biology. The teams hope to explore the possibilities of IOTA and the Tangle as applied to different industry sectors beyond the financial field.
Future research and experiments with the Tangle can show whether this technology is more promising than traditional blockchains.