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Review on IOTA by Marko Probst
IOTA is currently a hot topic in international industry. What is IOTA anyway…
IOTA is currently a hot topic in international industry. What is IOTA anyway? IOTA is a technology that is based on Tangle , unlike Blockchain . The blockchain maps transactions in a chain, and IOTA uses a whole network - the tangle. All transactions are linked together in Tangle. This has many advantages and considerably expands the scope of application of the technology. Many customers first ask us about a blockchain solution, but then find that IOTA suits their needs much better. This is all the more true when it comes to industrial scale.
Pros
- The transaction rate The scalability The feasibility of micropayments The efficiency The verifiable manipulation security The transaction rate One problem with blockchain , as originally developed for Bitcoin, is the very low transaction rate . If the security measures are so high, as is necessary, for example, with the Bitcoin application, the transaction rates of the blockchain are in the low double-digit range. This is simply not enough for many applications.
Cons
- Also, I don't buy Iota's promise of being a fee-less system at all. You can see my justification for that. Their entire idea of a fee-less system assumes that everyone does the Proof of Work for their own transactions aka everyone provides computational power to the network proportional to their usage of the network.
