Review on IOTA by Mirza Ahmed

Name: IOTA
Item: IOTA
Rating: 5

September 01, 2018

Unlike many blockchains that are encountering issues with their slower…

Unlike many blockchains that are encountering issues with their slower transaction times and higher fees, the IOTA network is designed to be infinitely scalable.If IOTA can provide a successful alternative to the blockchain for IoT, there’s certainly a sizable market that could be tapped into.
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Pros

IOTA has partnered with Volkswagen, Bosch, Samsung Group and a host of other big names in the corporate world. It has also partnered with the City of Taipei to give its citizens Tangle-based ID cards.From web payments and remittances to smart cities, supply chain management and public transport, there are many potential real-world uses for IOTA technology.

Cons

The technology behind the IOTA platform is still in the early stages of development. Whether or not the Tangle is ready for mainstream implementation and will be able to achieve a sufficient level of widespread adoption remains to be seen.