Review on IOTA by gemma soubi
IOTA
IOTA is used for digital currency exchanges between systems equipped with Internet of Things technology. This digital currency does not use blockchain technology used by other cryptocurrencies. Instead, it has introduced a new platform called Tangle, which uses a mechanical concept called Directed Acyclic Graphs (DAG). In this technology, in order for IOTA transactions to be approved, each node in DAG Tangle must confirm the previous two transactions in the other node.
The IOTA digital currency does not cover transaction costs and claims to have solved scaling problems, such as network delays due to block density, which was related to bitcoin.
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Pros
- Free transactions fee is the best feature of this currency
Cons
- Its official wallet has been hacked
