IOTA’s “Utility maximization in the Coordinator-less IOTA Tangle” wins Best Paper Award at Unet2021
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As a report has it, IOTA’s paper titled “Utility maximization in the Coordinator-less IOTA Tangle” won the best paper award at Unet2021.

This exciting news was shared moments ago via the official Twitter handle of the IOTA Foundation.

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IOTA Foundation tweeted, “We’re proud to share that the paper “Utility maximization in the Coordinator-less IOTA Tangle” won the best paper award at Unet2021, the international scientific conference about trends and findings on ubiquitous networking.”

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

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The goal of the paper is to consider and discuss many ways of removing the Coordinator mechanism that helps to attain network consensus.

The abstract of the paper reads as follows:

“Getting rid of the Coordinator in the IOTA Tangle is a challenging task, especially regarding the network trustworthiness. Using acustomized testbed, we experimentally analyse the functioning of the GoShimmer, IOTA’s current implementation of the decentralised Tangle, with respect to specific network performance metrics.

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“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.”

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Tobi Loba

By Tobi Loba

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