Review on IOTA by Mayra Coba

Name: IOTA
Item: IOTA
Rating: 4

September 12, 2020

Project with futuristic potential although it can be wasted

IOTA is an innovation that seeks to monetize and connect objects within the Internet with a scalable and powerful scheme similar to the blockchain.
﻿
Functions and features in terms of applications

These are some of its applications and features already under development that seek to enhance this network:

It will have a contemplated use in automating processes in the supply chain with security.
It has biometric recognition hardware known as the venous pattern.
Smart energy, mobility, automotive industry, healthcare digitization and much more.
﻿
Vision and philosophy

This project has a vision towards the future, which is why it surprises me in terms of its usefulness in all its fields for the development of solutions with bases.
﻿
Tangle
﻿
The Tangle network is not based on a set of blocks stored in chains in sequence but works as an individual transaction stream entangled with each other. The concept is complex.
﻿
Conclusions

It seems to me a very interesting project due to its philosophy and vision towards the future, but it still has problems in terms of the support or not it receives and it needs more action in the future if it wants to remain stable in the market if not the end for that supposed future that is coming for IOTA.
﻿

Pros

Available on different platforms.
Maximum offer in orbit.
Zero commissions for your transactions.
A highly supported cryptocurrency.
It uses a much more powerful technology called Tangle that surpasses the blockchain.

Cons