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<ul>
 <li>IOTA 2.0 latest blog thread explains the operation of Mana.</li>
 <li>The innovative network mechanism allows Mana to replace fees.</li>
 <li>It also runs the network’s rewarding system support.</li>
</ul>
<p>IOTA 2.0, a <a href="https://blog.iota.org/understanding-congestion-control-iota20/" target="_blank" rel="noopener noreferrer nofollow">significant upgrade</a> to the <a href="https://www.iota.org/" target="_blank" rel="noopener noreferrer nofollow">IOTA</a> network, introduces a complex congestion control mechanism. According to its official blog, the <a href="https://cryptonewsland.com/iota-stardust-update-and-network-fork-sees-support-from-binance-and-bitpanda/" target="_blank" rel="noopener noreferrer nofollow">IOTA 2.0 protocol’s congestion</a> control operates like a dynamic pizza party among friends.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#IOTA</a> 2.0 is highly complex, and not every aspect of the tangle tech is easy to grasp. In this post, I'll explain the role Mana plays in the ecosystem.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> "IOTA 2.0's Congestion Control: Think dynamic pizza sharing <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f355.png" alt="🍕" class="wp-smiley" style="height: 1em; max-height: 1em;">!"<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;">Explanation: The IOTA 2.0 protocol has introduced a… <a href="https://t.co/1mlNXv51wT" rel="noopener noreferrer nofollow">pic.twitter.com/1mlNXv51wT</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1716810473239429531?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2023</a>
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<p>In detail, the post asks readers to consider the available network space or throughput as a pizza. Instead of each person receiving a static allocation (equal pizza slices), the allocation is dynamic. If one friend doesn’t want their full slice, another can take it, optimizing network resource usage.</p>
<p>In <a href="https://cryptonewsland.com/growing-ethereum-open-interest-points-to-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">traditional blockchains like Ethereum</a>, users pay higher gas fees for faster transaction processing. IOTA 2.0 flips the script with “Mana”. Mana is a priority resource generated by holding IOTA tokens. More Mana equals higher network priority, shifting the focus from payment to supporting the network through token ownership.</p>
<p>Unlike conventional blockchains, where unpredictable fees plague users during network congestion, IOTA 2.0 employs a “Mana burn” system. This system informs users of the exact Mana cost before executing a transaction, ensuring transparency. Moreover, IOTA remains feeless, with users generating their Mana to issue blocks, avoiding additional fees.</p>
<p>Ultimately, IOTA 2.0 strives to revolutionize decentralized ledger technology with fairness, efficiency, and scalability. Fairness stems from its proportional network space allocation based on Mana, providing equal opportunities for all users. Efficiency is evident in its full block space utilization, minimizing waste. Designed to meet the evolving digital world’s demands, IOTA 2.0 ensures scalability for the future.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/iota-stardust-update-and-network-fork-sees-support-from-binance-and-bitpanda/" rel="noopener noreferrer nofollow">IOTA Stardust Update and Network Fork Sees Support from Binance and Bitpanda</a></li>
 <li><a href="https://cryptonewsland.com/mana-decentraland-price-prediction/" rel="noopener noreferrer nofollow">MANA (Decentraland) Price Prediction 2022: Will Mana will Reach 16$ in 2022?</a></li>
 <li><a href="https://cryptonewsland.com/pepe-sparks-memecoin-trading-interest-new-challenges-emerge/" rel="noopener noreferrer nofollow">PEPE Sparks Memecoin Trading Interest, New Challenges Emerge</a></li>
 <li><a href="https://cryptonewsland.com/decentraland-mana-price-prediction-forecast-2021-and-2022-can-mana-price-reach-5/" rel="noopener noreferrer nofollow">Decentraland (MANA) Price Prediction Forecast 2021 and 2022: Can MANA Price Reach $5?</a></li>
 <li><a href="https://cryptonewsland.com/decentraland-mana-price-prediction-2/" rel="noopener noreferrer nofollow">Decentraland (MANA) Price Prediction 2023 to 2031: Will MANA Price Hit $1.5 Soon?</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/iota-2-0-reveals-role-of-mana-in-its-congestion-control-mechanism/">IOTA 2.0 Reveals Role of Mana in its Congestion Control Mechanism</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

IOTA 2.0 Reveals Role of Mana in its Congestion Control Mechanism

Crypto News Land

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