1 Level
4 Review
36 Karma
Review on IOTA by Thompson Sunday
t is not a fantastical one. In our opinion IOTA really has something to offer…
t 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 less expensive when it comes to making micropayments compared to other cryptocurrencies. This is what distinguishes it from most other currencies and has become a major attraction for investors. With this feature, their is a major compliance to micro tasks on the network
Cons
- Can’t do smart contracts 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. 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.
