As blockchain adoption has increased over the last decade, early adopters have been hit with sluggish transaction times and skyrocketing fees. Ultimately, they were never built to execute it in full, due to inherent technical flaws in their design. By removing the need for trusted third-parties as the gatekeepers and arbiters of truth, enormous efficiency gains, innovation opportunities and new value propositions emerge.īlockchain technology and Bitcoin promised a compelling vision: decentralized networks allowing open innovation and peer-to-peer transactions without intermediaries or fees. With the advent of distributed ledger technologies, IOTA is now able to distribute and synchronize ledgers of data and money in secure, distributed, decentralized and permissionless environments. With no ability to verify the data that IOTA receives on the Internet today, and with cybercrime on the rise, this delegated and unverifiable trust has become a major obstacle for an inclusive and permissionless economy. Collectively, IOTA has all entrusted financial institutions for generations to safeguard these highly sensitive records and their accuracy. Anyone with a bank account is familiar with the concept of a ledger, containing records of their debits and credits.
0 kommentar(er)
