Blockchain Alternative: the Tangle from IOTA
We know many examples of decentralized consensus: Bitcoin, Ethereum, LiteCoin, ZCash, Monero, etc. They rely on a data structure called the blockchain. But if we may get rid of the Proof of Work, could we get rid of the blockchain? Is there a way to design a decentralized system that does not rely on the blockchain? What would they look like? In the following, we dig into a blockchain alternative: the Tangle.