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Review on IOTA by Ute Krueger
I think this pretty much sums it up. It's an innovative tech that has a lot of…
I think this pretty much sums it up. It's an innovative tech that has a lot of potential since IOTA transaction is faster than an Ethereum transaction,
it you do some research, you will see that the IOTA transaction is an order of magnitude faster
every time I made transactions with Iota and I can tell you it's super fast.
I highly recommend IOTA to every one !!
Pros
- 1. No fee transactions, which makes micropayment possible 2. Removes miners, everybody contributes to the network 3. Unlimited transaction rate, each person that sends a transaction is supposed to process a transaction, which theoretically means unlimited scalability. 4. Un-forkable, the network can’t split into new separate networks like ETH and ETC.
Cons
- 1. Can’t do smart contracts 2. 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. 3. An attacker doesn't have to outpower the entire honest computational power of the network, but just the honest computational power of the network actively making transactions at any given time.
