1 Level
5 Review
0 Karma
Review on IOTA by Samuel Clintoc
I think IOTA is really innovating, it is by far my favorite project. I likeβ¦
I think IOTA is really innovating, it is by far my favorite project. I like pretty mucheverything the team has done to this coin, although there are some things I don't like about Tangle.
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Pros
- Completely new technology called the Tangle which is different from all other blockchains because it does not have blocks, fees, or scalability issues. Very well positioned to work with the internet of things and microtransactions. No centralized mining in IOTA: It is completely decentralized since transactions are verified by merely individuals. Recent partnership with microsoft.
Cons
- New and innovative technology means it may still be unproven. There will be no incentive for extra nodes to help verifying the transactions, as there will be zero reward for validating each transaction. That is, the network depends fully on its users.No smart contracts yet, which will be hard to implement due to the non-linear nature of the Tangle. Reports indicating security breaches in the Tangle.
