A cryptocurrency without a blockchain (Tangle) [pdf](iotatoken.com)
iotatoken.com
A cryptocurrency without a blockchain (Tangle) [pdf]
http://iotatoken.com/IOTA_Whitepaper.pdf
6 comments
[deleted]
I find myself confused about the tangle's tip selection algorithm. It seems that a new transaction must choose non-tip sites to confirm, otherwise the overall number of tips would decrease (since only one new tip is created while two become verified). The tip selection algorithm only seems to mention selecting "edge" sites.
I would very much like to hear a detailed analysis of this idea because it seems too good to be true.
Other than the white paper, this could be an interesting video: https://www.youtube.com/watch?v=YpNvfct2jlg