Review on IOTA by Lena Schneider

Name: IOTA
Item: IOTA
Rating: 5

August 30, 2018

IOTA is one of the best cryptocurrency project. IOTA is a protocol for…

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IOTA is one of the best cryptocurrency project. IOTA is a protocol for Internet of Things devices and allows micro-transactions and scalability, with absolutely no fees for transactions, and no miners.
The developers are very active and offering many tutorials to build your own project based on IOTA and their Tangle protocol.
For sure, one of the best projects in cryptoworld !
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Pros

IOTA is similar to Lightning Network or Raiden, these protocols allow for great scalability and micro-transactions. IOTA operates on the Directed Acyclic Graph (DAG) model similar to the ByteBall model, which IOTA calls the Tangle. Some advantages iota: Network can’t split into new separate networks, no fee of IOTA transactions, unlimited scalability,

Cons

There are no fees in Iota if everyone provides the Proof of Work for their own transactions. This means everyone is contributing computational power equivalent to their usage of the network. However, if everyone was able to do that