IOTA

Shimmer

Forge

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<li><strong>The IOTA network has various use cases across industries like automobile, healthcare, and smart cities.</strong></li>
<li><strong>The DAG-based IOTA Tangle technology allows for scalability according to demand.</strong></li>
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<h2 id="iota-8217-s-growing-popularity-and-use-cases">IOTA&#8217;s Growing Popularity and Use Cases</h2>
<p>The IOTA network<a href="https://www.ethnews.com/revolutionary-trio-ripples-xrp-stellars-xlm-and-iota-spearhead-swift-integration-in-the-billion-dollar-market/"> is gaining</a> traction once again among blockchain users, thanks to recent advancements in its Tangle ecosystem and the introduction of the Shimmer Network. As an open-source distributed ledger technology (DLT), IOTA utilizes the Directed Acyclic Graph (DAG) structure, providing superior scalability <a href="https://www.ethnews.com/shimmer-by-iota-6m-transactions-5000-smart-contracts-64000-active-addresses-shaping-the-iot-future-with-miota-and-smr/">compared to</a> other distributed ledger networks. This scalability has made IOTA popular in real-world applications, especially in supply chains and the Internet-of-Things (IoT) industry.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">It was a pleasure to meet H.E. Abdulla Al Saleh and the team at the Ministry of Economy <a href="https://twitter.com/Economyae?ref_src=twsrc%5Etfw">@Economyae</a> in UAE today <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1ea.png" alt="🇦🇪" class="wp-smiley" style="height: 1em; max-height: 1em;" /> It’s impressive how they’re leading their digital transformation.</p>
<p>We are looking forward to bring <a href="https://twitter.com/hashtag/IOTA?src=hash&amp;ref_src=twsrc%5Etfw">#IOTA</a> here and create value for the region and the world. <a href="https://t.co/OMvNeHtRKZ">pic.twitter.com/OMvNeHtRKZ</a></p>
<p>&mdash; Dominik Schiener (@DomSchiener) <a href="https://twitter.com/DomSchiener/status/1658055448967233536?ref_src=twsrc%5Etfw">May 15, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="understanding-iota-tangle-and-shimmer-network">Understanding IOTA Tangle and Shimmer Network</h2>
<p>The IOTA Tangle network is built on a unique data architecture known as Directed Acyclic Graph (DAG). Unlike traditional blockchain networks, Tangle consists of an interconnected web of blocks rather than a linear chain. This flexibility allows the IOTA Tangle <a href="https://www.ethnews.com/iotas-billion-dollar-use-case-tangle-tech-to-be-used-for-fair-and-transparent-voting-for-government-elections-around-the-world/">to expand</a> and contract based on demand.</p>
<p>Moreover, Tangle <a href="https://www.ethnews.com/iota-celebrates-shimmers-major-milestone-and-spyce5-teams-up-with-industry-giant-servrox-to-transform-iot/">does not rely on</a> miners to add new blocks, ensuring secure transactions through two rounds of verification and eliminating issues of double-spending.</p>
<p>The DAG-based structure of the IOTA Tangle network also addresses scalability and cost-related challenges commonly encountered in traditional blockchains. As a result, IOTA enables secure data transfers with minimal or zero transaction fees, making it highly suitable for the IoT economy&#8217;s data-intensive requirements. Additionally, IOTA Tangle <a href="https://www.ethnews.com/iota-and-dell-team-up-to-revolutionize-cybersecurity-and-data-protection-with-project-alvarium/">is energy-efficient</a>, boasting a minimal energy footprint.</p>
<p>The team behind IOTA <a href="https://www.ethnews.com/iotas-shimmer-network-booms-with-millions-of-transactions-development-team-puts-pedal-to-the-metal-to-expand-ecosystem/">is actively working on</a> IOTA 2.0 to achieve complete decentralization and further enhance the platform&#8217;s capabilities.</p>
<p>Recently, IOTA introduced the Shimmer network, which serves as a testing ground for new innovations within the IOTA blockchain ecosystem. The Shimmer Network operates using its native $SMR tokens, <a href="https://www.ethnews.com/iota-treasures-of-shimmer-airdrop-kicks-off-with-1-3m-smr-prize-pool-22k-daily-active-addresses-on-shimmer-network/">supporting</a> a wide array of smart contract-driven crypto projects and decentralized organizations.</p>
<p>In conclusion, the IOTA network <a href="https://www.ethnews.com/iota-reaches-massive-milestone-tangleswap-goes-live-with-defi-launch-trading-competition-and-rewards-galore/">has gained</a> popularity due to its unique DAG-based Tangle technology, which provides scalability and cost efficiency. With applications spanning various industries and its suitability for the IoT economy, IOTA offers a promising solution for secure and feeless data transfers. The launch of the Shimmer Network further showcases IOTA&#8217;s commitment to innovation and continuous development within the blockchain space.</p>
<div class="cryptoboxes" id="mcw-12336" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "MIOTA" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/iota-and-uae-leaders-forge-billion-dollar-deal-to-unleash-digital-transformation-in-gulf-state-with-the-tangle/">IOTA and UAE Leaders Forge Billion-Dollar Deal to Unleash Digital Transformation in Gulf State with the Tangle</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews</a>.</p>

IOTA and UAE Leaders Forge Billion-Dollar Deal to Unleash Digital Transformation in Gulf State with the Tangle

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