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Helmar
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How exactly is transactionare transactions verified and confirmed in IOTA

What iI understand is when iI purchase aan IOTA the source which iI make my purchase is one of the node in the network of nodes.This This node uses monte carlo Algorithmthe Monte Carlo algorithm to pick two previous transactions at random (This. This transaction can be anyone ege.g. one which has been verified once or maybe 7 times verified but it is unconfirmed yet). Now there are two players here Snapshotthe snapshot and Milestonethe milestone. (MilestoneThe milestone is a transaction done by the coordinator ) so. So if my transaction is verified by the milestone directly or indirectly then my transaction is confirmed. thisThis is there until coordinator has a role. now

Now, if we remove the coordinator Snapshot comes, how does the snapshot come into play? Is it ? and how ?

how much data each nodes have? how snapshot work? what is difference between confirmed and unconfirmed transaction in the tangle? how is it ensures that my node picked transactions at random and what is its importance? what are the rules on basis of which transaction is verified ? after how much verification in case of no milestone is transaction confirmed ?

How exactly is transaction verified and confirmed in IOTA

What i understand is when i purchase a IOTA the source which i make my purchase is one of the node in the network of nodes.This node uses monte carlo Algorithm to pick two previous transactions at random (This transaction can be anyone eg. one which has been verified once or maybe 7 times verified but it is unconfirmed yet). Now there are two players here Snapshot and Milestone. (Milestone is transaction done by coordinator ) so if my transaction is verified by milestone directly or indirectly then my transaction is confirmed. this is there until coordinator has a role. now if we remove coordinator Snapshot comes into play? Is it ? and how ?

how much data each nodes have? how snapshot work? what is difference between confirmed and unconfirmed transaction in the tangle? how is it ensures that my node picked transactions at random and what is its importance? what are the rules on basis of which transaction is verified ? after how much verification in case of no milestone is transaction confirmed ?

How exactly are transactions verified and confirmed in IOTA

What I understand is when I purchase an IOTA the source which I make my purchase is one of the node in the network of nodes. This node uses the Monte Carlo algorithm to pick two previous transactions at random. This transaction can be anyone e.g. one which has been verified once or maybe 7 times verified but it is unconfirmed yet. Now there are two players here the snapshot and the milestone. The milestone is a transaction done by the coordinator. So if my transaction is verified by the milestone directly or indirectly then my transaction is confirmed. This is there until coordinator has a role.

Now, if we remove the coordinator, how does the snapshot come into play? Is it?

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What i understand is when i purchase a IOTA the source which i make my purchase is one of the node in the network of nodes.This node uses monte carlo Algorithm to pick two previous transactions at random (This transaction can be anyone eg. one which has been verified once or maybe 7 times verified but it is unconfirmed yet). Now there are two players here Snapshot and Milestone. (Milestone is transaction done by communitycoordinator ) so if my transaction is verified by milestone directly or indirectly then my transaction is confirmed. this is there until communitycoordinator has a role. now if we remove communitycoordinator Snapshot comes into play? Is it ? and how ?

how much data each nodes have? how snapshot work? what is difference between confirmed and unconfirmed transaction in the tangle? how is it ensures that my node picked transactions at random and what is its importance? what are the rules on basis of which transaction is verified ? after how much verification in case of no milestone is transaction confirmed ?

What i understand is when i purchase a IOTA the source which i make my purchase is one of the node in the network of nodes.This node uses monte carlo Algorithm to pick two previous transactions at random (This transaction can be anyone eg. one which has been verified once or maybe 7 times verified but it is unconfirmed yet). Now there are two players here Snapshot and Milestone. (Milestone is transaction done by community) so if my transaction is verified by milestone directly or indirectly then my transaction is confirmed. this is there until community has a role. now if we remove community Snapshot comes into play? Is it ? and how ?

how much data each nodes have? how snapshot work? what is difference between confirmed and unconfirmed transaction in the tangle? how is it ensures that my node picked transactions at random and what is its importance? what are the rules on basis of which transaction is verified ? after how much verification in case of no milestone is transaction confirmed ?

What i understand is when i purchase a IOTA the source which i make my purchase is one of the node in the network of nodes.This node uses monte carlo Algorithm to pick two previous transactions at random (This transaction can be anyone eg. one which has been verified once or maybe 7 times verified but it is unconfirmed yet). Now there are two players here Snapshot and Milestone. (Milestone is transaction done by coordinator ) so if my transaction is verified by milestone directly or indirectly then my transaction is confirmed. this is there until coordinator has a role. now if we remove coordinator Snapshot comes into play? Is it ? and how ?

how much data each nodes have? how snapshot work? what is difference between confirmed and unconfirmed transaction in the tangle? how is it ensures that my node picked transactions at random and what is its importance? what are the rules on basis of which transaction is verified ? after how much verification in case of no milestone is transaction confirmed ?

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