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Review on IOTA by Doreen Beich
The IOTA has been officially traded by different exchanges for over a year…
The IOTA has been officially traded by different exchanges for over a year (depending on the exchange, some started trading it much more recently). Since its inception the price and excitement for the currency have both grown exponentially. There’s also been over one hundred million transactions on the network already. The volume is expected to continue growing exponentially.
Pros
- Another interesting aspect of the Tangle is that, instead of being deterministic like the Blockchain (X amount of transactions per second) it is instead probabilistic. This means that some transactions may be confirmed faster than others, since the network picks two random transactions to be verified. Instead of Bitcoin, which always takes ~10 minutes (plus congestion).
Cons
- IOTA currently faces criticisms in: Conflict Resolution Vulnerabilities Malicious Attackers (Majority attack) The Coordinator Parasitic Chains Cryptography Best Practices Ternary Processor concerns
