1 Level
17 Review
28 Karma
Review on IOTA by Muhammad Shakhawat Hossain
IOTA is the first cryptocurrency to implement the Tangle concept. The concept…
IOTA is the first cryptocurrency to implement the Tangle concept. The concept is exciting due to its scalability. The IOTA foundation has announced its integration with Microsoft, Deutsche bank Telekom and others. The price of IOTA has surged by more than 600% over the last month as Microsoft released a market statement. The statement states that the next generation technology will hasten intelligently and connected the world together. The technology will go beyond blockchain and foster innovative real-world solutions and applications to customers
Pros
- The first misconception is that IOTA has no transaction fee. Yes, With IOTA, you don’t need to pay any tokens to have for your transactions to be implemented in the distributed ledger. However, the security of the network in proportion to the amount of Proof of Work done per second.
Cons
- Each transaction still demands a fee, except that it is the form of POW. You have to spend computation power. For some people, this is perfect, but CPU resources are limited
