Review on IOTA by francis fernandez
IOTA-Integration Technology of the Future
IOTA is a digital currency within the millions of cryptocurrencies existing today in the crypto industry.
IOTA is a project with a totally futuristic vision of the crypto world; based on the interconnection between things and devices. IOTA has a ledger structured in such a way that it allows the establishment and processing of operations between devices and computers in the Internet of Things (IOT) system.
The IOTA ledger uses a digital currency known as MIOTA for posting transactions on the network. To achieve its objective, IOTA incorporated into its infrastructure a system of nodes called Tangle, which is in charge of validating operations.
IOTA maintains that this technology offers agility to its blockchain unlike others used in other cryptocurrencies.
Tangle brings this and other additional advantages when compared to other blockchains on the market.
The advantage of MIOTA is that it can be used on the internet for reliable sales and commercial data provision without payment of fees or bonuses to miners. Its main mission is to solve the current problems that the crypto market presents; such as mining expenses, payment of fees, slow transactions and lack of scalability.
Without a doubt IOTA wants to achieve a platform that seeks universal communication between all devices and machines in a fast, economical and reliable way.
This revolutionary platform completely covers the world of cryptocurrencies and machine and device integration systems.
Pros
- Pursue cross-functional integration between computers and devices
- It would reduce mining spending.
- It would avoid paying costs for fees or commissions for transactions.
Cons
- Although it is an ambitious project; it still has a lot to develop and execute
