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Review on IOTA by Uta Gloeckner
it is not a fantastical one. In our opinion IOTA really has something to offer…
it is not a fantastical one. In our opinion IOTA really has something to offer. In addition to the high profile headlines in the press around cooperation with Bosch, Samsung, Fujitsu and others, underneath all this is a strong foundation. For example, a site was created for the monetisation of data generation, in which sellers could conduct transactions with customers
Pros
- IOTA is able to tie together virtually all processes in the IoT ecosystem by configuring transaction chains and the ability to conduct micro-transactions in huge quantities. Problems with scalability in Tangle, unlike for blockchain, do not occur. What’s more, the platform is implemented so that the device for interaction with other nodes should not have uninterrupted access to the Internet. For some ‘machines’, it will be enough to connect once a month, or even a year – it all depends on the functionality. This will save battery power, or even electricity.
Cons
- The fact that the project is actively developing and cooperating with the world’s largest consortia suggests that it has prospects. The idea that it will become a driving force in such an innovative direction as the Internet of Things is a definite plus of IOTA. This means that coins really have some weight behind them. After all, they must fulfil the role of ‘fuel’ in a rapidly developing sphere
