TFT Whitepaper
The Fans Together Whitepaper
The Fans Together Whitepaper
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Our Approach To...
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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.