That's why IOTA is different from Blockchain!

IOTA is currently a popular platform that is open source and feeless and value transfer network or protocol. Currently it is a popular platform. There are many misconceptions about IOTA and blockchain and many think the two are the same. But really the two are different. If you don't forget I shared a post with you in this community about IOTA in a post. Today I will discuss with you how IoT is different from Blockchain.

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One of the main advantages of IOTA is that it has no transaction fees. But currently I don't see any platform where there is no transaction fee. The Bitcoin blockchain adds blocks to its chain of blocks one by one. We know that when transactions are done through blockchain, new blocks are created for each transaction and they are connected like a chain. There is a current maximum of seven transactions per second. Each transaction confirms the other two when the transaction is completed with the IOTA Tangle. Here the speed of the network depends on the amount of transactions i.e. the more transactions, the faster the network. Here the guaranteed transaction per second is CTPS. The confirmation time for the transaction is very short which is completed in a short time and is around 10 - 12 seconds. If you send funds to someone it will be done within 10 to 12 seconds. The transactions are completed in a very short time. Its main advantage is that you don't have to pay any fees to complete this transaction. We start from blockchain to various financial institutions where you have to pay a fixed amount fee to complete the transaction. Also the low computing power required makes IOTA one of the greenest cryptocurrencies today.

The world's first blockchain as we know it included a peer-to-peer electronic cash system. The concept of Bitcoin was introduced in 2008 and was created as a response to the financial crisis at the time. Then there was the suspicion or tendency of some people to fill their pockets due to the greed of middlemen and therefore it was included with a blockchain concept and solved theoretically by it. We know that blockchain is a network of ledger A chain of entries. In the case of blockchain it is possible to download it as a file and anyone can view it. Also we all know that this blockchain network requires a lot of energy and hence it is a huge problem. Because it consumes a lot of energy. And IOTA is an exception in all these cases. So finally it can be said that IOTA and Blockchain technology are not the same and the two are different from each other.