IOTA
$0.54287 9.99%

How to properly assess the health of IOTA's tangle.

rmation % of transactions who are actually trying to be confirmed.

There are a few ways to try and ignore transactions that are not getting confirmed. For instance all transactions with the address SIDETANGLE9ROCKS99999999999999999999999999999999999999999999999999999999999999999

have a 0% confirmation rate, so they should probably be ignored, which can be done on tangle-monitor by hitting the "X" left of their address name. It would be exceedingly difficult to find and sort out all bad actors this way. What makes it even more difficult is some spammers choose to randomize their address before they send each transaction, meaning you cannot just tell tangle-monitor to sort out a certain address.

Doing your own healthy spam

Doing your own spam is one of the best ways to tell the confirmation rates of the tangle since you can assure that all the transactions you try and send out are following the recommended tip selection algorithm and trying to be confirmed.

https://github.com/iota-tangle-io/dtlg provides a spammer with an intuitive user interface. It asks for the address of an IOTA full node before starting spamming. Many healthy nodes can be found here https://iota.dance/

For this demonstration I chose "https://wallet2.iota.town:443" as my node because it is using the latest IRI: 1.5.3 and wasn't being used by many other spammers at the time of my selection.

Using the spammers user interface I made my transaction's address and tags start with "CONFIRMTEST" so I will be able to assess my transaction's confirmation rate using tangle-monitor.

After spamming for a while, stopping the spammer and waiting 4.2 minutes (the average time tangle monitor says it currently takes transactions to get confirmed) to make sure I gave all my transactions a change to get confirmed, I found that my transactions had a 65.2% confirmation rate.

This is relatively higher than the 51% "Avg. eff. conf.ratio" that tangle-monitor displayed at the top. From this we can assess that 65.2% confirmation rate is a confirmation rate which successfully ignores transactions that are intentionally not trying to be confirmed.

It's worth noting that there are some parts in tangle-monitor where all transactions placed at a certain point in time did not get confirmed, leaving black streaks on tangle-monitor's chart. This is something that could probably be improved upon, but overall a 65% confirmation rate in the network is healthy.

Conclusion

Due to IOTA's tangle-architecture being more complex than Blockchain, it can be difficult for people to accurately assess the likely-hood of their transactions getting confirmed. Tangle-monitor's confirmation rate should only be seen as a minimum confirmation rate that healthy transactions are experiencing, because it includes transactions that are intentionally not trying to be confirmed in it's average. The methods I have detailed above provide quite an accurate way of telling how likely it is for your transactions to get confirmed after the average confirmation time. The lower the average confirmation time in the network the better and this should also be considered in determining network health, but high confirmation % is usually more prevalent to user experience.

It is worth noting that IOTA is not a completely finished protocol yet. It has had and will surly have a few more growing pains on it's way to becoming a finished protocol, but it is currently preforming moderately well.

...
Continue on steemit.com
Recent news
MIOTA · google.com · 1h

Bright future ahead!

Recently, Delloite released a report on blockchain technology, and from a look at, IOTA (MIOTA) definitely has a good future ahead of it.  While the report does not in any way touch on IOTA, it del…
MIOTA · coin-profit.org · 2h

Crypto Profit Calculator

Calculate your digital currency profits including Bitcoin and alt coins. From your currency exchange find your coin market cap through advanced graphs.
MIOTA · medium.com · 4h

Fognet Update #2 - Scenarios

In the past couple months we have had a lot of fun building out Fognet: a few more talented creators have joined the team, some interesting collaborations have emerged, and the hardware and software…