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Home Crypto News Market IOTA’s Utility Maximization Tangle Paper Wins Best Paper Award at UNet 2021

IOTA’s Utility Maximization Tangle Paper Wins Best Paper Award at UNet 2021

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On its Twitter page, the IOTA team has proudly announced that its paper entitled “Utility maximization in the Coordinator-less IOTA Tangle” has won the best paper award at UNet 2021.


UNet is an international scientific conference dedicated to hot topics and trends in the sphere of computing and networking.

The goal of the paper is to consider and discuss ways of getting rid of the Coordinator mechanism that helps to achieve network consensus.

This year marks the sixth symposium on Ubiquitous Networking.

The Iota paper writes:

“Getting rid of the Coordinator in the IOTA Tangle is a challenging task, especially regarding the network trustworthiness. Using a customized tested, we experimentally analyze the functioning of the GoShimmer, IOTA’s current implementation of the decentralized Tangle, with respect to specific network performance metrics. We observe that a trade-off exists among such metrics. We thus propose to determine the optimal rate allocation through an optimization problem maximizing network performance and user utility. We further propose a distributed and asynchronous scheme to allow nodes to solve such problem.”

Source

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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