IOTA is significantly different from other cryptocurrencies as it uses the 'Tangle' rather than blockchain technology. The Tangle is a stream of interlinked individual transactions. These Transactions are distributed and stored across a decentralised network of participants. Rather than paying transaction fees or staking coins, the Tangle forces users to contribute to the security and agility of the network by verifying two previous transactions on the network, before processing your own. The structure of the Tangle allows IOTA to be scalable, flexible and transaction cost-free.
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