1
IOTA price is trading in the bearish influence halting near the value of $0.4201.
2
Crypto is facing weakness in the daily timeframe breaking the key EMA levels.
IOTA operates as a form of distributed ledger technology (DLT), which enables the management of private data, the execution of tamper-proof programs, and the intermediary-free exchange and ownership of assets.
DLTs like IOTA keep a record of token ownership across a network of nodes. While simple for a single-entity network, DLTs require consensus among independent nodes, necessitating safeguards against potential rogue participants. IOTA’s unique approach sets it apart from other DLTs.
Unlike typical DLTs that use blockchains, where transactions are grouped into blocks and linked sequentially—akin to loading a train car by car—IOTA utilizes the Tangle. This system allows new transactions to validate previous ones, eliminating the bottleneck issue inherent in blockchain tech
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