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Review on IOTA by ashiru muyideen
Before IOTA officially launched, it raised funds through an initial coin…
Before IOTA officially launched, it raised funds through an initial coin offering (ICO). In total, the project received more than 3000 Bitcoin, which at the time was worth $434,000. Since then, the market capitalization of IOTA has reached heights of more than $14 billion!
Pros
- It is also hoped that IOTA will be able to process more than just financial transactions, in what the team calls the “Machine-to-Machine Economy”. One example of this is in the electric vehicle charging industry.
Cons
- The current technology that first and second generation blockchains like Bitcoin and Ethereum use is based on cryptography, which at the moment is virtually impossible to hack. However, the theory is that once quantum computers are built, they will be able to override these blockchains easily.
