Ever since the IOTA project launched, a lot of people have been paying attention to its Tangle infrastructure. There is still a lot of confusion as to whether or not this technology is similar to a blockchain or is something else entirely. The Directed Acyclic Graph – or DAG – is a very unique creature that isn’t like any other blockchain in existence. However, that doesn’t have to be a bad thing, depending on how much trust you want to put in other people.
For those readers who are not versed in coding or cryptography, the concept of a Direct Acyclic Graph will not make any more sense than a blockchain makes. That’s because it’s still a way to successfully record and broadcast transactions to the rest of the network. On that front, there is very little difference between the two concepts. However, in the case of IOTA, there are no miners who process, broadcast, and confirm transactions.
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