Review on IOTA by DAT PHAM DUC

Name: IOTA
Item: IOTA
Rating: 5

September 01, 2018

IOTA is similar to Lightning Network or Raiden, these protocols allow for…

IOTA is similar to Lightning Network or Raiden, these protocols allow for great scalability and micro-transactions. IOTA operates on the Directed Acyclic Graph (DAG) model similar to the ByteBall model, which IOTA calls the Tangle. Some advantages iota: Network can’t split into new separate networks, no fee of IOTA transactions, unlimited scalability, disadvantages: Removes miners.
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Pros

They want to develop the idea of Internet of Things and make it possible for various companies to cooperate by selling all of their services easily. IOTA wants to make every technological resource a potential service to be traded on an open market in real time and most importantly with no fees. Their site is very well designed with this futuristic vibe, it really grabs user attention, therefore encourages potential investors to research the project further. As they will act as the base for further development, the project can become very useful. They may also be revolutionary in a way with their Tangle architecture, which provides developers with a brand new set of tools for their applications in both IoT and Web and this is something different than a classic blockchain.

Cons

IOTA is one of the best cryptocurrency project. IOTA is a protocol for Internet of Things devices and allows micro-transactions and scalability, with absolutely no fees for transactions, and no miners. The developers are very active and offering many tutorials to build your own project based on IOTA and their Tangle protocol. For sure, one of the best projects in cryptoworld !