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Review on IOTA by David Kortig
IOTA is a revolutionary cryptocurrency and platform, created specifically for…
IOTA is a revolutionary cryptocurrency and platform, created specifically for the concept of the Internet of Things. It does not resemble any other project or coin, which makes it unique and very promising. IOTA is able to become that transactional fuel that will ensure the implementation of smart enterprises with the participation of machines integrated into one network
Pros
- IOTA is both a cryptocurrency and a system for instant micropayments without any commission. In this way, it is significantly different from other coins, since a transaction of 1 coin or, roughly speaking, 0.001 cents in dollar terms, is possible. What does it give? For example, with IOTA, you can ensure the fulfilment of the smallest tasks in the unified network; turning off the tap in the bathroom, sticking on a tag, or at least blowing away a speck of dust. And thanks to these features, IOTA can be integrated into the Internet of Things by performing transactions between points.
Cons
- All these advantages are provided by Tangle. From the point of view of the IOTA platform, it is still difficult to assess its future trends. It’s akin to Ethereum in 2015 or 2016 – everyone understood its huge potential, but there was not yet a tangible example that would show Ethereum in a practical way.
