Directed Acyclic Graph as Tangle: an IoT Alternative to Blockchains

Abstract

Blockchains are established as the most widely used P2P distributed application for Distributed Ledger Technologies. Nevertheless, their successful existence, especially known due to the cryptocurrency of Bitcoin, gets more and more competitors. One of those competitors is IOTA, which is based on a tangle or a Directed Acyclic Graph architecture. This paper stresses potentials of such architecture,especially in future IoT applications. In particular, few of the most import security issues are analyzed.