1 Level
5 Review
0 Karma
Review on IOTA by Brigitte Vogt
IOTA is a revolutionary cryptocurrency and platform, created specifically for…
IOTA is a revolutionary cryptocurrency and platform, created specifically for the concept of the Internet of Things. It does not resemble any other project or coin, which makes it unique and very promising. IOTA is able to become that transactional fuel that will ensure the implementation of smart enterprises with the participation of machines integrated into one network.
Pros
- IOTA as a cryptocurrency has its advantages. The main advantages are the absence of commissions, the possibility of conducting micro-transactions, and the high speed of operations. All these advantages are provided by Tangle. From the point of view of the IOTA platform, it is still difficult to assess its future trends. It’s akin to Ethereum in 2015 or 2016 – everyone understood its huge potential, but there was not yet a tangible example that would show Ethereum in a practical way.
Cons
- Security is another point that needs to be worked out. At the forum of the IOTA project and other crypto-exchange sites, complaints have repeatedly been received about the loss of coins from a wallet. So far, no normal software purse has been implemented – and this is one of the main goals of the project for 2018.
