Review on IOTA by samuel rabinio
IOTA
iota is an advanced open source system that uses DAG charts instead of blockchain. The system was created in 2014 and has introduced iota as the Internet of Things column. iota is a derivative of blockchain technology, but it is far more advanced and faster than blockchain in computing.
Blockchain was introduced due to its slogan that transactions are non-traceable and anonymous, but so far this has not been done definitively, and by having the address of a person's wallet, you can easily transfer all people's financial transactions to Simply control. But in a system that uses blockchain, there is no such feature at all, and the security of the person is fully respected.
iota solves the cost of transactions and issues related to blockchain technology scalability, and instead of using blockchain to validate transactions, it examines two previous random transactions. This method of verification means that there is no central office and there is no need for probes to power the network.
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Pros
- zero fees
- new technology for a cryptocurrency
Cons
- i really did not find
