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Review on IOTA by Redefined Enterprise
es, With IOTA, you don’t need to pay any tokens to have for your transactions…
es, With IOTA, you don’t need to pay any tokens to have for your transactions to be implemented in the distributed ledger. However, the security of the network in proportion to the amount of Proof of Work done per second.
Pros
- A lot of people in the speculation channel are strong believers in IOTA. They believe in IOTA because it offers something unique from blockchain. IOTA approach is no way superior to the blockchain considering the fact that IOTA still requires smart contracts. The good thing is that the community members must hodl.
Cons
- First of all, all devices must do POW; even with the rise of ASIC, POW still has a huge cost overhead due to the level of security relying on PoW. A cryptocurrency that relies on POS would increase the expenses on electricity bills and ASIC processors.
