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Review on NEM by Writer 247
I don't buy Iota's promise of being a fee-less system at all. You can see my…
I don't buy Iota's promise of being a fee-less system at all. You can see my justification for that. Their entire idea of a fee-less system assumes that everyone does the Proof of Work for their own transactions aka everyone provides computational power to the network proportional to their usage of the network. However, I show that if you take that assumption, blockchains essentially have zero transaction fees too.
Pros
- Zero fees
Cons
- Beginners might find hard to adapt to this technology
