Review on IOTA by Toprak Dere
About iota
iota is a cryptocurrency designed for the internet of things. But before we get into why the internet of things needs iota, let's look at what iota has to offer to the current cryptocurrency market. iota has 4 major advantages over blockchain-based cryptocurrencies:
scalable
-centered
-modular
-low transaction fees
scalability: iota can achieve high transaction throughput thanks to parallel validation of transactions without being limited to the number of transactions that can be confirmed periodically
transaction fees: iota has no transaction fees.
decentralization: iota has no miners.
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Pros
- Huge potential
- Available on different platforms
- transactions are fast and with almost no fees
Cons
- Mining is not included
