Review on IOTA by alexander gonzalez

Name: IOTA
Item: IOTA
Rating: 4

June 19, 2020

IOTA

IOTA is a great project with different interesting and very striking features, it is a distributed ledger that uses a directed acyclic graph instead of a conventional block drop. Its Tangle and Quantum Proof system is said to come with many benefits, fees are at zero, greater stability and above all infinite, your transactions are fast in real time and most of all high end data transfer security. This project comes from Germany where it is located and was created on June 11, 2016, and since then it has sold obtaining a good reputation and considered one of the safest cryptocurrencies in the world, it became famous thanks to its operandi system that it offers.
﻿
The Tangle makes the fees or commissions do not exist for each transaction made, and in turn, without fixed limitations on the amount of transaction operated for confirmations per second in this network, and also enriches the performance of the activity on the network, I want say that the more activity there on this network so valuable the faster and higher performance the platform has. This platform has an open source divided accounting technology, which allows the exchange of information and value on the Internet of Things in a very safe and protective way. One of the main benefits and innovations is that its blockchain system is very different instead of the traditional technology. Blockchain uses its own architecture system called Tangle, based on directed acyclic graph. This architecture makes it possible as I have already said that there are no commissions, and that the delay in this network is very low.
﻿

Pros

100% of the cryptocurrencies were distributed among the first investors and both value and data can be transmitted without paying any commission.
There is no company or organization of persons that authorizes the payments nor any miner that confirms the transactions.
Each user's cryptocurrencies are held in custody at addresses of the Tangle, that is, through a portfolio that functions as a browser that interacts with the Tangle. To be able to access these wallets, users have to insert a code of approximately 81 characters that compose it between the Latin alphabet and the number 9, generated randomly to avoid theft of funds.

Cons