Review on IOTA by ikrar nusa

Name: IOTA
Item: IOTA
Rating: 4

August 29, 2018

In conclusion, OTA is an interesting and ambitious project. If IOTA becomes…

In conclusion, OTA is an interesting and ambitious project. If IOTA becomes successful, then it may render the price of bitcoins useless. The IOT aspect of IOTA is very interesting as machines have the ability to trade information, goods and services for income. IOTA remains one of the most interesting cryptocurrency today with limitless potentials, and it is definitely something to consider having in your portfolio in the future.
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Pros

IOTA is the first cryptocurrency to implement the Tangle concept. The concept is exciting due to its scalability. The IOTA foundation has announced its integration with Microsoft, Deutsche bank Telekom and others. The price of IOTA has surged by more than 600% over the last month as Microsoft released a market statement. The statement states that the next generation technology will hasten intelligently and connected the world together. The technology will go beyond blockchain and foster innovative real-world solutions and applications to customers.

Cons

The first misconception is that IOTA has no transaction fee. Yes, 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.