Review on IOTA by Kai Stackhouse

Name: IOTA
Item: IOTA
Rating: 5

August 29, 2018

IOTA is an incredibly ambitious and interesting project. If it’s successful…

IOTA is an incredibly ambitious and interesting project. If it’s successful, it would be one of the first cryptocurrencies to not only lower the price of Bitcoin, but maybe to render it useless. Due to a large amount of question marks, in technical feasibility, vulnerabilities, and the lack of an open-source coordinator, and that’s a big IF.
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Pros

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.

Cons

Conflict Resolution Vulnerabilities Malicious Attackers (Majority attack) The Coordinator Parasitic Chains Cryptography Best Practices Ternary Processor concerns