IOTA is one of the first cryptocurrencies to work without a Blockchain. The IOTA Foundation, the creators of IOTA, has improved upon the concept of Blockchain and created “The Tangle”, which is a Directed Acyclic Graph (DAG) application that holds many of the same properties as Blockchain, but without some of the issues.
On the 3rd of May, the IOTA Foundation unveiled the meaning of their secretive project: Qubic. The project had been a rumor for a long time under the name Q, which was hyped as a very important and big upgrade on top of the IOTA cryptocurrency.
Blockchain will celebrate its 10-year anniversary this year. After the anonymous inventor, Satoshi Nakamoto created the Blockchain to establish the first decentralized cryptocurrency called Bitcoin, the newly created industry has not been sitting still.