Tangle Vs Blockchain
every cryptocurrency works under technology, so similarly Blockchain is a technology that helps cryptocurrency like Bitcoin, Ethereum, Litecoin, and others in terms of the transaction, exchange, mining and to store information it uses Blocks. but after IOTA suddenly start hiking with prices everyone started to notice about this IOTA which works under Tangle Technology which is nothing but DAG i.e. Directed Acyclic Graph which has a finite number of edges and vertices in their architecture works under one limitation that user cannot go back to the same vertex where they came from in simple word in vertex and edges Tangle stored their information, but in Blockchain, in-network you can trace any transaction from blockchain.info for which user has to connect with the wallet but in Tangle it’s very hard to trace transaction summary for use even if they connected with IOTA wallet.
Tangle Vs Blockchain Comparison
|Transaction confirmation Speed||Fast||Slow|
|Information stored in||Nodes||Blocks|
|Miners||Don’t have Miners||Blockchain has miners|
|Hard Fork and Soft Fork||Not support||Support|
|Distributed consensus||Yes, You have to Buy consensus||Yes, Miner helps to create consensus|
|Prove Work||It uses Hashcash Lite||It uses Hashcash|
|Scalability||Support||Do not support|
|Quantum Security||Enabled||Don’t support|
|Transaction Weightage||All transaction confirm instantly||Low Fees transaction takes longer time to confirm|
Note: In Above comparison, we set different value which is set according to a recent analysis on IOTA and Bitcoin.
ethereum Blockchain now is now all set improve scalability with network update under name Ethereum 2.0. so blockchain nowdays is also improving and will try match IoT based cryptocurrency in future, the best advantage of Blockchain over IOTA is age factor due to which most of Blockchain based cryptocurrency leading in top 10 list and maintain that position in future too.
Tangle Vs Blockchain Comparison Analysis
Tangle: Every transaction are connected by Edges and in that one transaction only two previous transactions as more people use the system then system speed will also increase but in Blockchain with more number of use system become slower because the limit of block size, and because of scalability millions of computer can join a network without worrying about too many machines and chances of Manipulation network is low which means there is the low possibility to hack Tangle system and Tangle instantly approved every transaction even if it has low fees so this system works faster with several transaction increases in which some they approve two transactions at a time for which new transaction first verified then gets approval and if there is a low number of a user is causes ecosystem to work more slowly and because of no fees for transaction user can perfectly do micro-transactions.
Read Also: Cryptocurrency Price Prediction
Blockchain: Every transaction are connected by blocks and a number of user increase then system become slower so a transaction which has low cost will be ignored and takes longer time to approve it cost more fees for every transaction even it is micro-transactions, it has higher chances of getting hacked with a low-security issue with miner percentage, it has miner who can create Distributed consensus to connect each transaction to each which automatically help them for the fast and more convenient transaction and it grows according to time and so there are some changes with time passed become more advanced day by day in each block has more capacity and higher bandwidth.
IOTA Vs Blockchain
IOTA is more basically worked under tangle which especially uses for low amount transaction with help of edges which are connected two other transactions which improve its ecosystem with higher numbers of a user which don’t support soft fork and hard fork but this limitation overcome with Stability Support which don not available for Blockchain as for higher transaction in Tangle you have to buy Distributed consensus separately but Blockchain miner automatically created consensus and in terms of security Blockchain is poor than tangle so having IOTA than Bitcoin, Ethereum and other blockchain-based coin is safer and in terms of hashing data IOTA is also good and more secure than blockchain but as we know Blockchain become biggest and most used technology just looking at first three highest market cap holder is working under blockchain they doing to be best and more secure for the user so they can trust more in future and no other technology taking over Blockchain.
Tangle Vs Bitcoin
Both, Tangle and Blockchain used P2P and validation mechanism which don’t have fixed central authority but in each transaction of blockchain there is some authority who get percentage money as transaction fees from a user, in Tangle both participants is active which means there no involvement of any authority which charges zero transaction fees, as IOTA founder is very creative in which as an increase in the system then more device will be connected with each other which involve internet of thing concept it is inner networking machine software to a different device to exchange data, IOTA is helped to reduce human component and has a single point of failure which become very easier to find where is an error and to fix as early as possible, but in Blockhain Data integrity is ensured but in terms, all transaction and security and more feature Tangle is better than Blockchain so final verdict on this Battle Tangle is future technology for cryptocurrency which has huge chances to beat Blockchain.
Tagle based cryptocurrency aim to give boost to low amount transaction as well as offer lower transaction rate, as in Blockchain perference for higher transaction is more faster and also approval time is also fast comparing to low amount. so most of people was complaining about this, so basically Tangle fixed this problem and created more scalable network.