Blockchain
By Dan Saada
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IOTA Mana to Delegate Access
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IOTA believes in that it is important for them to succeed by bringing their technology closer to their community.
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IOTA 2.0 talks very frequently of Mana. It is important for users to understand its implementation and for those who do not know to get to know of Mana.
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The IOTA blog clarifies that the basic requirement of every DLT is to have Sybil protection and also congestion control. Mana fulfills these needs.
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Sybil protection will prevents the attacker from gaining undue influence over the network by making use of multiple identities.
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Mana can be best looked at as a tool who has different roles to play in the network. Mana is separated from the IOTA token, but it is related to IOTA.
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The key to get Mana is to convince a token holder to pledge it; therefore, Mana is a Delegated Proof of Token Ownership.
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Mana works like a Sybil Control Mechanism in the Congestion Control algorithm.
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The amount of Mana held in a node determines the numbers of messages it can issue with reference to the total network throughput.
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The pledging process takes place twice. Once will be for the modules when they deal with the consensus and for the congestion control.
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Sydney Ifergan, the crypto expert tweeted: “IOTA facilitates the freedom to allocate access suitable to the economic interests of the users.”
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With Mana the token holder will be able to delegate their access without having to delegate any additional “weight” on the consensus process.
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