Review on IOTA by erdi yılmaz
Future Technology IOTA
Blockchain technology, due to its nature, does not allow transactions to be made free of charge. Therefore, a transfer cannot be made below a certain amount. There is a transfer fee, even if it is symbolic. IOTA has created a completely free system to make it possible to make even very small transfers.
Every user who wants to make an IOTA transfer confirms the last two transactions made before and the system continues to operate on its own.
IOTA was created to sell the data collected by smart objects that will become a part of our lives in the not too distant future. As IoT technology was developed, an open market idea emerged where the information collected from smart devices used in the workplace or at home would be sold. IOTA is a project developed to adapt this idea to the cryptocurrency world.
Pros
- One of the things that makes IOTA special is that the increase in the number of smart technology companies participating in the IOTA network means that a very serious amount of data will be obtained. These data can also be used for the development of smart devices. Therefore, every agreement that IOTA makes with different companies has a positive effect on its price.
- The idea is not just an idea that applies to smart home appliances, it will also apply to transport vehicles that will operate autonomously or to many other smart devices. When the technology of objects is implemented widely, the value of IOTA will be better understood.
- It will be understood that this technology is an efficient application when it is started to be used. The Internet of Things is the more efficient operation of intelligent objects that will work autonomously by communicating among themselves without the need for human intervention.
Cons
- IOTA is a non-mining cryptocurrency. This is because all IOTAs are mined and in circulation.
