Header banner
Revain logoHome Page

Reviews

Global ratings 236
  • 5
    117
  • 4
    95
  • 3
    19
  • 2
    3
  • 1
    2

Type of review

IOTA was solving all the issues of blockchains of 1 and 2 generation as first, but it looks like we have better palyers on the market already.

Pros
  • in overall, you don't need to pay for your transactions, thanks to Tangle system. transactions are fast. also they include technology to make IOTA safe with quantum computers.
Cons
  • it looks like in the market we have projects which better use ideas based on Tangle. also still in development. not so popular and well-known.

In summary, Iota is not an ideal Blockchain platform for our everyday use. It solves some use cases, but so do other projects

Pros
  • I don't really fancy this project, the pros are nothing out of the norm
Cons
  • Phone wallet doesn't exist yet. Still in the works. Desktop wallet isn't user friendly. UCL's wallet is working to fix that. Difficult for exchanges to adopt IOTA on their platforms. Not a copy-paste blockchain. A lot of debunked FUD about the security of the tangle that some folks buy and some don't. My opinion is if IOTA was hackable then it would've been hacked. Really just that simple. There's only a billion dollar market cap up for grabs if you succeed... Contains a lot of futuristic features that have never been done before: Ternary processing, quantum resistance, AI resistance to name a few. In my opinion, these features will simply have to run the test of time for people to trust they work as advertised.

Revainrating 5 out of 5

IOTA is both a platform and a Cryptocurrency, it is considered unique and…

IOTA is both a platform and a Cryptocurrency, it is considered unique and promising by many experts due to the fact that it distinguishing itself from other Cryptocurrencies and currently has no lookalikes. IOTA acts as a driving force through which smart enterprises can be implemented through the synergy of machines incorporated into one network.

Pros
  • Easy option to send money worldwide without transactional fees, and even in units
Cons
  • Block sizes are a major concern for iota, and this doesn't bode well for this crypto project.

Despite the fact that the concept and idea of blockchain in general is loved and much welcomed as it sums almost all up what the cryptocurrency ecosystem is made of – IOTA, like no-other, introduced a coin that is not utilizing blockchain tech to function.

Pros
  • A true Blockchain platform and project aimed at helping solve currencies issues to its fullest extent
Cons
  • Large blocks and transactional times

IOTA is a revolutionary cryptocurrency and platform, created specifically for the concept of the Internet of Things. It does not resemble any other project or coin, which makes it unique and very promising. IOTA is able to become that transactional fuel that will ensure the implementation of smart enterprises with the participation of machines integrated into one network.

Pros
  • Machine to machine facilitator for Internet of things
Cons
  • Scalability issues and lack of fierce marketing by the team

Unlike Bitcoin, which uses the blockchain architecture to make the register, iota uses "Tangle," which is a direct acyclic graphic known as DAG. It solves the scalability and transaction failures encountered Bitcoin asking the sender to perform some kind of proof of the operation of the transaction that supports two transactions. Thus, the act of verifying transactions and transactions is related. This eliminates selected miners and makes the system completely decentralized - those who commit…

Pros
  • IOTA is a cryptocurrency designed for the Internet of Things and has 4 HUGE advantages over Blockchain cryptocurrencies in that it is Scalable, Decenteralized Modular and Fee Less.
Cons
  • The idea of IOTA choosing proof of work seems interesting but I'll have prefer the use of proof of importance which would have prioritize based on needs and urgency.

Revainrating 5 out of 5

IOTA has enormous potential for growth. So more and more we will see news…

IOTA has enormous potential for growth. So more and more we will see news about IOTA. I believe that it will value in the next few years. I believe on this project a lot

Pros
  • Transaction fees are almost none because no gas needed and no need to pay for miners. Perhaps the tangle doesn't need mining at all.
Cons
  • Price is too much down from his all time high. IOTA still has a limited market

IOTA is the first cryptocurrency to implement the Tangle concept. The concept is exciting due to its scalability. The IOTA foundation has announced its integration with Microsoft, Deutsche bank Telekom and others. The price of IOTA has surged by more than 600% over the last month as Microsoft released a market statement. The statement states that the next generation technology will hasten intelligently and connected the world together. The technology will go beyond blockchain and foster…

Pros
  • The first misconception is that IOTA has no transaction fee. Yes, With IOTA, you don’t need to pay any tokens to have for your transactions to be implemented in the distributed ledger. However, the security of the network in proportion to the amount of Proof of Work done per second.
Cons
  • Each transaction still demands a fee, except that it is the form of POW. You have to spend computation power. For some people, this is perfect, but CPU resources are limited

es, With IOTA, you don’t need to pay any tokens to have for your transactions to be implemented in the distributed ledger. However, the security of the network in proportion to the amount of Proof of Work done per second.

Pros
  • A lot of people in the speculation channel are strong believers in IOTA. They believe in IOTA because it offers something unique from blockchain. IOTA approach is no way superior to the blockchain considering the fact that IOTA still requires smart contracts. The good thing is that the community members must hodl.
Cons
  • First of all, all devices must do POW; even with the rise of ASIC, POW still has a huge cost overhead due to the level of security relying on PoW. A cryptocurrency that relies on POS would increase the expenses on electricity bills and ASIC processors.

I personally think the Spectre protocol is a somewhat better usage of DAGs than Iota when it comes to innovating on top of Blockchain technology. The assumptions are better laid out, it presents a legitimate technique for deciding between double spends, and is actually realistic and doesn't offer false promises (like fee-less markets).

Pros
  • Machine to machine process
Cons
  • Large blocks size

Revainrating 5 out of 5

There are many options for investors and users to choose from in the…

There are many options for investors and users to choose from in the cryptocurrency space. However, once a user starts listing their requirements, the list starts a shrink. If you want a network that has no fees, strong censorship resistance, quick confirmations, and scalable throughput, your options are truly limited. IOTA naturally has all of these qualities, and those are just the most obvious use cases. For linking the disparate uses of the blockchain together, ones that have become…

Pros
  • IOTA joined the crypto world in 2015 with the work of David Sønstebø, Dominik Schiener, Dr. Serguei Popov and Sergey Ivancheglo who still are running the show in the most important parts of IOTA’s team. Despite the fact that the concept and idea of blockchain in general is loved and much welcomed as it sums almost all up what the cryptocurrency ecosystem is made of – IOTA, like no-other, introduced a coin that is not utilizing blockchain tech to function. It is designed to run on a network called Tangle by Dr. Serguei Popov, which brought to us a way to fix almost all existing issues that digital currencies of the first and second generation are facing. Various benefits are packed in the Tangle-package that has been delivered, like: very fast transactions, no limit to scaling, no-fees and secure data/info transfer. Blockchain platforms like Bitcoin do demand transaction fees to push away those individuals that are using the network from spamming it. On such a network [like Bitcoin’s], fees/per transaction could go up to $0.50, which is very high for what mainstream utilization accordingly with widespread use would ask for. IOTA brought its solution of being zero-fees for transaction. For the system to function properly, there is no need for miners to complete transactions as the network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested. Accordingly, the system-network Tangle can handle infinite amount of transactions at zero-cost.
Cons
  • Quantum Secure Another main selling point of IOTA is that it claims to be quantum-secure, meaning that its cryptographic security won't be breakable by quantum computers. What does that mean, and why does it matter? Basically, traditional cryptography is built on the idea that some calculations simply take too long for a traditional computer to solve – if you don't already know the answer, running the math to determine the answer would take years, even with a supercomputer. But quantum computers – computers that store and measure data using quantum bits – will break a lot of traditional cryptography once they're available, because for certain kinds of calculations they'll be many millions of times faster than traditional computers. Quantum computers aren't available yet, but they're on the horizon. IOTA preemptively deals with the quantum threat by using a its own form of cryptography that integrates Winternitz signatures (PDF link). This approach is thought to be quantum-resistant, although it's not battle-tested since quantum computers don't actually exist yet.

5 Design100 Performance100 Usability100 Functions100 Support100 IOTA is an impressive platform. The IOTA Foundation has an illustrious roster of talented, established advisors and the team has evolved the technology faster than Ethereum had been advanced at this stage in its life. Of all of the top 20 cryptos, many argue that IOTA has the most potential for growth not just in the IoT realm, but in payments as well.

Pros
  • IOTA improves as user adoption grows, so unlike mining-based cryptos, it won't cost more as it gains popularity. IOTA is scalable and inexpensive.
Cons
  • Because IOTA is not a block-chain based technology, it is not as well understood by the masses as ETH or BTC.

Revainrating 5 out of 5

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.

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.

Revainrating 5 out of 5

IOTA is a cryptocurrency that replaces the traditional blockchain with an…

IOTA is a cryptocurrency that replaces the traditional blockchain with an innovative DAG approach.The fact that there are no fees spices it up the more.It seems to solve all of Bitcoin problems, but surely there's a few cons out there. Definitely filling my bags with this while waiting for a bull run. The promise is super evident.

Pros
  • 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.Zero transaction fees.Their site is very well designed with this futuristic vibe, it really grabs user attention, therefore encourages potential investors to research the project further.
Cons
  • The network will scale better when more transactions are being engaged in. This means that a transaction fee free environment will remain intact as more users participate in the network.Still room for improvement. Many crypto projects is still skies above iota in so many aspects.

Unlike Bitcoin which uses a blockchain architecture for maintaining it’s ledger, IOTA uses the ‘Tangle’ which is a Directed Acyclic Graph, known as a DAG. This Tangle solves both the scalability and transaction fee issues faced by Bitcoin (And most cryptocurrencies) by requiring the Sender in a transaction to perform a kind of proof of work which approves two transactions. This removes dedicated miners and makes the system fully decentralised.

Pros
  • The most remarkable result is that in IOTA, the network transaction speed INCREASES as the number of users increases (as opposed to blockchain cryptocurrencies which get slower with increased numbers of users)
Cons
  • Seeing the way how iota is experiencing ups and down on the market. I recommend they impose a transaction fee so as to have more coin on circulation.

Revainrating 4 out of 5

overall IOTA is super amazing cryptocurrency thats Highly Scalable, Low…

overall IOTA is super amazing cryptocurrency thats Highly Scalable, Low resource requirements, Zero-fee transactions, and the important is Secure data transfer.

Pros
  • iota is different cryptocurrency that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines thats make iota have so many partner companies and made iota superb cryptocurrency.
Cons
  • IOTA integrity guarantee are not sufficient and unconvincing rationaly for using the ternary code in IOTA

I am believer in IOTA promise. I really like the tangle concept. It surely has the potential to solve the problems of the blockchain. Unfortunately I missed their ICO last year and I missed on such a great profit. But I ended up getting some from Bitfinix.

Pros
  • Zero transaction fees
Cons
  • Higher confirmations timeframe

Revainrating 5 out of 5

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.

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.

Iota cannot do generalized smart contracts and thus isn't really a competitor to Ethereum. However, what it is a competitor to is State Channel networks like Lightning Network or Raiden. Both state channel networks and DAGs allow for great scalability and micro-transactions but are unable to do generalized smart contracts (as they don't have strongly ordered transactions)

Pros
  • Spectre protocol
Cons
  • higher blocks

2018 will be the most important year yet for Cryptocurrencies. A lot of the newest platforms are trying to solve the greatest problems with the Blockchain technology, and IOTA is one of them. Their ICO occurred in November of 2015. IOTA’s team decided to create their own Cryptocurrency technology instead of using or patching the Blockchain.

Pros
  • Iota also has created a platform that is resistant to quantum computing. This might not matter now (because quantum computers don’t exist) but if and when quantum computers are created this will be important. Quantum computers are so powerful that they would be able to attack public blockchain networks like Bitcoin on a large scale.
Cons
  • The Iota platform does not charge transaction fees because each user must work to validate transactions when engaging in a transaction themselves. The network will scale better when more transactions are being engaged in. This means that a transaction fee free environment will remain intact as more users participate in the network.