17.02.2023 Views

TFT Whitepaper

The Fans Together Whitepaper

The Fans Together Whitepaper

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Our Approach To...

42

Using the Blockchain

Immutable - The Tangle, like most blockchains, is immutable, which means it is

extremely difficult to alter and highly resistant to tampering. This makes it an excellent

candidate for us because it ensures that all transactions are legitimate.

Scalable - IOTA promises scalability, as the greater the number of users, the faster

the transaction speed becomes. This is beneficial to us because it means we

will not be limited by the number of users we gather.

Parallelized - IOTA’s Tangle, unlike bitcoin and other blockchains runs parallelized.

This means that transactions can be processed simultaneously as opposed

to sequentially, making the transaction speed much faster.

Energy-Efficient - In the current age, global warming and energy consumption

are an ever-present issue. IOTA’s Tangle helps fix this through its comparative

energy efficiency. As Tom Baumann, CEO of ClimateCHECK, pointed out “for

the same power consumption to do one Bitcoin transaction (980 kWh/transaction)

it is possible to do over 600 million IOTA transactions (0.0000016 kWh/

transaction)” (tombaumann.medium.com/overcoming-the-dual-crises-of-climate-change-and-greenwashing-with-digitalmrv-f6a9df1a9585).

Feeless - The Tangle’s feeless nature is one of its greatest advantages. Transactions

on the Tangle are completely free. This means that customers will not have to

pay to buy or trade $TFT; instead, they will be able to do so for free.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!