Cryptocurrency Q&A
What technology does IOTA use?
What technology does IOTA use?
TeaCeremony
Tue May 28 2024
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6 answers
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Could you elaborate on the technological foundation of IOTA? I'm particularly interested in understanding the core technology it employs to facilitate its operations. Could you please explain in detail the technological components and advancements that drive IOTA's functionality? Additionally, how does this technology contribute to the uniqueness and scalability of the IOTA network? It would be helpful if you could provide a concise yet comprehensive overview of the technological aspects of IOTA.
6 answers
AltcoinExplorer
Thu May 30 2024
HOTP, a type of OTP, relies on hash-based techniques. Each OTP is derived from a specific counter value and the secret key, ensuring uniqueness and preventing reuse.
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CherryBlossomFall
Thu May 30 2024
Alternatively, TOTP, another OTP variant, incorporates time-based elements. It generates OTPs based on the current time and the secret key, making each code valid only for a short period.
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CryptoPioneer
Thu May 30 2024
This combination of randomness and expiration ensures that OTPs provide robust authentication for various online services and applications. They offer a convenient and secure alternative to traditional passwords.
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Elena
Thu May 30 2024
OTP generators employ the HMAC algorithm to generate unique, randomized codes for each access attempt. This ensures a high level of security by making each OTP a one-time-only password.
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Martino
Thu May 30 2024
HMAC, as the underlying mechanism, adds a layer of complexity and uniqueness to the OTP generation process. It combines a secret key with the message to be authenticated, creating a cryptographic hash that serves as the OTP.
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