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Review on IOTA by Koshal Saxena
If it’s successful, it would be one of the first cryptocurrencies to not only…
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.
Pros
- IOTA solves inefficiencies of the blockchain, IOTA has great volume and market cap, IOTA developers are always active and solving people's queries. IOTA is a decentralized and very anonymous blockchain network, that is good news because IOTA itself has a large market.
Cons
- However this is very dangerous thinking since the sporadic transactions on an IoT network with devices having low GHz clock speeds with optimizations for battery life would not be able to outpace a committed constant attacker with specialized attack hardware.
