The tangle and a blockchain are two different platforms based on the same principles. The tangle is built on a DAG or Directed Acyclic Graph which basically means that instead of building a chain where blocks are added in intervals, the tangle can achieve transactions with no transaction fees. As Tangle grows and more users make transactions, the entire system becomes faster and more secure.
Another thing to look at is the consensus. The Blockchain technology, a consensus is achieved through a very complex mechanism where parties are racing each other and the goal is to add the next block on the Blockchain and win the reward which in this case is transaction fees. This leads to a faster centralization of the Blockchain.
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In the tangle, however, each and every participant can make a transaction and by that also participates in the consensus. By doing this, the network stays entirely decentralized and no need of paying a transaction fee
One interesting feature of the Tangle is that it is not deterministic like the Blockchain, on the contrary, is probabilistic. This means that the network chooses two random transactions to be verified so some transactions can be confirmed faster than others, unlike Bitcoin where a transaction can take up to 8-12 minutes.
But, of course, every cryptocurrency has some issues with certain aspects of their work and IOTA is no exception. IOTA has a lot of technical difficulties and challenges that are yet to be solved in order for IOTA to function perfectly as a decentralized digital currency.
The developer of the Ethereum cryptocurrency argued that Tangle sounds perfect in theory but in reality hits a lot of issues that don’t allow the technology to be efficient. He says that IOTA is built to function on an existing hardware which is binary and so is the communication network it uses. However, Tangle has some great features and a lot is expected of it
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