Setting Up An IOTA Node & Earning MIOTA: Step by Step Guide
IOTA is a unique distributed ledger technology which was born in 2014 out of a hardware initiative intended to support general distributed computing as the groundwork for the IoT infrastructure of inter-connected devices.
The IOTA foundation is dedicated to developing industrial standards and open protocols for a machine-to-machine economy, ensuring the real-time circulation of validated, well-defined and clear-cut data and the securing of critical infrastructure on a global scale.
Running a IOTA node is a way to enter the network which is called the “tangle”. The Tangle is an example of a Directed Acyclic Graph (DAG) based cryptocurrency. The node can function as a load balancer to the Tangle and helps by speeding up confirmation times in a given segment of the network while receiving weekly distributed donations for doing so.
In the following sections we’ll focus on some of the key components which constitute the IOTA protocol and network infrastructure. We will then provide instructions on how to set up and operate a node, as well as some of the applications, use cases and available tools.
So, if you are interested in setting up your own full node in the comfort of your home, read on.