1 Level
5 Review
2 Karma
Review on IOTA by Maddison Rule
This is a very optimistic expectation for development – however, it is not a…
This is a very optimistic expectation for development – however, it is not a fantastical one. In my opinion IOTA really has something to offer. In addition to the high profile headlines in the press around cooperation with Bosch, Samsung, Fujitsu and others, underneath all this is a strong foundation. For example, a site was created for the monetisation of data generation, in which sellers could conduct transactions with customers. This was for those interested in Bosch, Microsoft, Cisco, Fujitsu, and Airbus.
Pros
- IOTA as a cryptocurrency has its advantages. The main advantages are the absence of commissions, the possibility of conducting micro-transactions, and the high speed of operations. 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.
Cons
- Security is another point that needs to be worked out. At the forum of the IOTA project and other crypto-exchange sites, complaints have repeatedly been received about the loss of coins from a wallet. So far, no normal software purse has been implemented – and this is one of the main goals of the project for 2018.
