1 Level
5 Review
0 Karma
Review on IOTA by Philipp Friedmann
With the new IOTA technology, many do not yet know what's really behind the…
With the new IOTA technology, many do not yet know what's really behind the innovation and where the benefits lie. Shortly before the Hannover Messe Industrie 2018 IOTA expert Udo Würtz, Fujitsu Distinguished Engineer, Business Development Director EMEIA and Chief Evangelist Data Center Business EMEIA will answer youat Fujitsu the most important questions about IOTA
Pros
- Conceptually, more and more computing power is needed. Power consumption for Bitcoin Mining is currently at full year electricity consumption for Argentina - that's unbelievable. And that's not what companies can imagine. IOTA is a lot smarter because you do not need the whole mining process
Cons
- 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.
