Comparison Study of Blockchain Technology and IOTA Technology

Abstract

Two major interconnectivity technologies that are present in the contemporary digital era, namely, BlockChain (BC) technology and IOTA are compared in this paper. After this, their characteristics shall be explained in addition to some significant applications which they have been utilized in to provide further context in a real-life setting. In the modern era, success and rise of bitcoin have proven the need as well as the value of blockchain technology. The demand for IOTA industry is increasing day by day. This requires looking for something completely different from the bitcoin as well as the solution for the technology of bitcoin in separated cryptocurrencies. After this, a conclusion shall be presented, which shall serve to summarize the paper as a means of comprehensively present it and synthesizing the gist of the entire paper to present a more nuanced and interconnected understanding of the paper. After this, recommendations shall be provided based on the information presented in the paper to act as a guide for other scholars for their research endeavors. Scholarly articles shall be used where necessary to provide backing and to link additional reference material.