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Review on IOTA by Luca Bach
IOTA is currently ranked 7th largest cryptocurrency by Market Cap at $11B…
IOTA is currently ranked 7th largest cryptocurrency by Market Cap at $11B (twice as much as all ICOs at launch as of now), making IOTA one of the most exciting platforms of 2018. IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. You should think carefully before investing
Pros
- IOTA solves some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds.
Cons
- No Cryptocurrency delivers perfectly in what it promises. IOTA is not different. In order for IOTA to work as a decentralized cryptocurrency it still has to solve a lot of challenges and technical difficulties that still are yet to be demonstrated will work
