The Tangle

@inproceedings{Popov2015TheT,
  title={The Tangle},
  author={Serguei Popov},
  year={2015}
}
In this paper we analyze the mathematical foundations of IOTA, a cryptocurrency for the Internet-of-Things (IoT) industry. The main feature of this novel cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machineto-machine micropayment system. An essential contribution of this paper is a family of Markov Chain Monte Carlo (MCMC… CONTINUE READING

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