IOTA Foundation Head, Lewis Freiberg, attempted to explain alleged scalability and transaction issues at the project. The world’s number 9 cryptocurrency by market capitalization is under some pressure to clarify why its answer to traditional blockchain technology, the Tangle, is increasingly having to deal with spammers who create parasite chains or ‘Side Tangles.’
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IOTA’s Tangle Seems to Have Transaction Issues
What’s up with the Tangle? is a recent post by Lewis Freiberg, Head of Ecosystem at IOTA Foundation. The former psychology major’s explanation is part counseling, essentially teaching enthusiasts how to emotionally view the project’s success and issues, and part technical analysis.
Describing the essay’s title as “a common question,” Mr. Freiberg stresses how such queries “about the state of the Tangle usually stem from the way it is represented in a visualiser or due to a high/low confirmation rate.” To reassure those presumably worried or alarmed, he notes whenever “these questions are asked in the community, we are asking them ourselves. We are all as intrigued as everyone, if not we’d be doing something else. These events present learning opportunities for those working on IRI and other aspects of the network.”
He was hired by the Foundation a year ago this Fall. The IOTA Foundation itself is described as “not-for-profit foundation with the mission is to support the development and standardization of new open-source distributed ledger technologies (DLT).” His role is to “ educate governments, corporates and the public about the research & development activities within the Foundation while also working with ecosystems and IOTA’s community of developers to promote co-innovation around IOTA’s open-source technologies.”
The Tangle is IOTA’s answer, of sorts, to what project participants
