Cryptocurrency Q&A
Is IOTA Decentralised?
Is IOTA Decentralised?
charlotte_wilson_coder
Tue May 28 2024
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7 answers
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Is IOTA truly decentralised? I'm hearing some mixed reviews about its architecture and the role of the coordinator node. Could you please elaborate on the decentralisation aspect of IOTA? How does it compare to other blockchain-based cryptocurrencies in terms of decentralisation? Are there any specific concerns or limitations that might affect its decentralised nature? I'm particularly interested in understanding the role of the coordinator node and how it fits into the overall decentralisation picture of IOTA.
7 answers
Ilaria
Thu May 30 2024
The network's tamper-proof nature further enhances its reliability, ensuring that transactions and information remain secure from external interference.
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SamuraiSoul
Thu May 30 2024
IOTA's decentralization not only improves security but also contributes to its scalability and resilience. This architecture allows the network to handle a high volume of transactions efficiently.
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Riccardo
Thu May 30 2024
The IOTA network stands out as a fully decentralized entity, offering unparalleled security. Its design ensures that all data exchanged within the network remains valid and authentic.
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Margherita
Thu May 30 2024
The validity and authenticity of data are guaranteed by a sophisticated consensus mechanism that leverages the network's distributed nature.
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KimchiQueen
Thu May 30 2024
Moreover, the IOTA network's tamper-proof features are achieved through the use of cryptographic techniques that make it difficult for attackers to compromise the system.
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