IOTA’s Utility Maximization Tangle Paper Wins Best Paper Award at UNet 2021

On its Twitter page, the IOTA team has proudly announced that its paper entitled “ Utility maximization in the Coordinator-less IOTA Tangle” has won the best paper award at UNet 2021.UNet is an international scientific conference dedicated to hot topics and trends in the sphere of computing and networking.The goal of the paper is to consider and discuss ways of getting rid of the Coordinator mechanism that helps to achieve network consensus.This year marks the sixth symposium on Ubiquitous Networking.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.Read the paper here: https://t.co/H7xFA1nXfq- IOTA (@iota) May 26, 2021The Iota paper writes:“Getting rid of the Coordinator in the IOTA Tangle is a challenging task, especially regarding the network trustworthiness. Using a customized tested, we experimentally analyze the functioning of the GoShimmer, IOTA’s current implementation of the decentralized Tangle, with respect to specific network performance metrics. 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.”