How do smart contracts on the IOTA platform differ from those on other cryptocurrencies?

3 answers

• Santiago David RuizMar 22, 2024 · a year ago
  Smart contracts on the IOTA platform differ from those on other cryptocurrencies in several ways. Firstly, IOTA uses a unique technology called Tangle, which is a directed acyclic graph (DAG) instead of a traditional blockchain. This allows for feeless transactions and eliminates the need for miners. Secondly, IOTA smart contracts are coded in a language called Abra, which is specifically designed for the IOTA platform. This language offers a higher level of security and efficiency compared to other programming languages used in smart contracts. Lastly, IOTA smart contracts can be executed off-chain, which means they don't require the same level of computational power as on-chain smart contracts, making them more scalable and cost-effective.
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• Avish GolakiyaDec 28, 2024 · 8 months ago
  When it comes to smart contracts, IOTA takes a different approach compared to other cryptocurrencies. Instead of relying on a blockchain, IOTA uses a DAG called Tangle. This allows for faster and more scalable transactions, as well as feeless transactions. Additionally, IOTA smart contracts are written in Abra, a language specifically designed for the IOTA platform. This language offers enhanced security and efficiency. Overall, the unique combination of Tangle and Abra sets IOTA apart from other cryptocurrencies in terms of smart contract functionality.
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• 1231Jul 12, 2022 · 3 years ago
  Smart contracts on the IOTA platform have some distinct features that differentiate them from other cryptocurrencies. One key difference is the use of Tangle, a DAG-based technology, instead of a traditional blockchain. This enables IOTA to achieve feeless transactions and high scalability. Additionally, IOTA smart contracts are written in Abra, a language specifically built for the IOTA platform. Abra offers enhanced security and efficiency, making IOTA smart contracts more robust. Overall, these differences make IOTA a unique and promising platform for smart contract development.
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