Review on IOTA by gregori cordova
The most innovative technology that aims to end the hegemony of the blockchain
IOTA is currently one of the most revolutionary technological projects in the cryptographic industry, which aims to destroy the hegemony of the blockchain. It is designed to be executed through IOT or the Internet of things, (an already quite revolutionary technology), with an innovative concept called TANGLE that promises to be a much more efficient and scalable alternative than the blockchain as we know it. You can carry out transactions in real time, since there is no cost of commissions, something that has attracted thousands of investors and users to trust this project. in fact, it has already used alliances with quite prominent companies such as Volkswagen to implement efficiency in its devices.
Today one of the main enemies of cryptocurrencies is centralization, which can cause huge failures in your network, but this will not be the case with IOTA, since its own currency called MIOTA cannot be mined and they were created at the beginning of project a huge amount of coins that are used mostly for micropayments. The team of creators behind this technology, managed to prevent most of the problems that have arisen in the bitcoin blockchain, and make a project much more efficient, faster and Free!
Pros
- It is an ultra revolutionary technology in the crypto market that we know
- aims to be the technology of the future, since today the presence of the IOT is increasing
- has great support from prominent companies that are already using this innovative technology
- the possibility of scalability is infinite
- transactions are immediate and practically non-existent
Cons
- as it is a new concept, it is a bit difficult to understand for new users in the area
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Comments (1)
August 14, 2020
It is like this as you say, IOTA is a revolutionary project and I really think its concept is excellent. It is among the best cryptocurrencies and therefore it becomes a good alternative. In addition to its achievement by improving certain characteristics that make it interesting.
