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Bitcoin: The Digital Currency Revolution
GalacticPortalsBitcoin: Imagine digital cash that isn't controlled by a bank or government. That's essentially Bitcoin. Bitcoin is decentralized: It operates on a network of computers (blockchain) without a central authority. It is a Digital Currency with only 21 million Bitcoins will ever be made with secure transactions that are recorded on the public Blockchain and secured using cryptography. Peer-to-Peer: You can send and receive Bitcoin directly to and from anyone else on the network without intermediaries. In essence, Bitcoin offers an alternative to traditional financial systems, aiming for greater user control, transparency, and security in digital transactions.198 views -
IOTA The Internet of Things
GalacticPortalsIOTA (MIOTA) is a cryptocurrency and an open-sources distributed ledger technology (DLT) specifically designed for the Internet of Things (IoT). It was created in 2015 with the goal of enabling secure communication and transactions between connected devices and humans without transaction fees. Tangle: Unlike most cryptocurrencies that use a Blockchain, IOTA utilizes a unique data structure called the Tangle; The Tangle is a Directed Acyclic Graph (DAG) where each new transaction validates two previous transactions. This design aims to offer several advantages, Scalability: The new work's throughput can potentially increase as more transactions are added, as transactions can be processed in parallel. No Transaction Fees: because there are no miners validating blocks in the traditional sense, Decentralization: the network is designed to be decentralized, relying on the participants of the network to validate transactions. iota.org X @iota324 views 1 comment