Review on IOTA by TAN PHAM

Name: IOTA
Item: IOTA
Rating: 5

September 01, 2018

Disadvantages of the IOTA network 1. Can’t do smart contracts 2. The promise…

Disadvantages of the IOTA network
1. Can’t do smart contracts
2. The promise of free transactions is highly theoretical and node pools with heavy weights in the DAG could force transactions through themselves and charge fees. This issue has yet to be addressed by the development team.
3. An attacker doesn't have to outpower the entire honest computational power of the network, but just the honest computational power of the network actively making transactions at any given time.
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Pros

I really like this project! IOTA hit the crypto-world after their ICO, they listed in top 10 of all coins but suddenly they fall down to Top 25 on June 26, 2017. The good here, as of now they got the spot of Top 7 in market cap :) I always watching this coins because they have a great project concept. And I already invested in this coin. Two thumbs! :) Well done to the Devs of IOTA !!

Cons

Advantages of the IOTA network 1. No fee transactions, which makes micropayment possible 2. Removes miners, everybody contributes to the network 3. Unlimited transaction rate, each person that sends a transaction is supposed to process a transaction, which theoretically means unlimited scalability. 4. Un-forkable, the network can’t split into new separate networks like ETH and ETC.