Popov, Serguei (2018) The Tangle. IOTA.
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Abstract
In this paper we analyze the mathematical foundations of IOTA, a cryptocurrency for the Internet-of-Things (IoT) industry. The main feature of this novel cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machineto-machine micropayment system. An essential contribution of this paper is a family of Markov Chain Monte Carlo (MCMC) algorithms. These algorithms select attachment sites on the tangle for a transaction that has just arrived.
| Item Type: | Other |
|---|---|
| Subjects: | Projects > BloSSom 2019 Main Topics > Crypto Currency Main Topics > Economy Main Topics > Internet of Things Main Topics > IOTA Main Topics > Theory |
| Divisions: | Computer Science |
| Depositing User: | Unnamed user with email richard.dabels@uni-rostock.de |
| Date Deposited: | 03 Sep 2019 16:32 |
| Last Modified: | 03 Sep 2019 16:32 |
| URI: | http://blossom.informatik.uni-rostock.de/id/eprint/5 |
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