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IOTA (MIOTA)

#29

IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees. The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.


IOTA (MIOTA) Pros | 5

Completely new technology called the Tangle which is different from all other blockchains because it does not have blocks, fees, or scalability issues

Agree | 4
Disagree | 0
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Very well positioned to work with the internet of things and microtransactions

Agree | 3
Disagree | 0
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No scallabity issues, as each transaction essentially verifies itself by verifying two other transactions. The more transactions, the faster and more secure the network becomes.

Agree | 3
Disagree | 0
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No centralized mining in IOTA: It is completely decentralized since transactions are verified by merely individuals.

Agree | 2
Disagree | 1
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Recent partnership with microsoft

Agree | 2
Disagree | 5
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IOTA (MIOTA) Cons | 5

New and innovative technology means it may still be unproven

Agree | 3
Disagree | 0
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There will be no incentive for extra nodes to help verifying the transactions, as there will be zero reward for validating each transaction. That is, the network depends fully on its users.

Agree | 2
Disagree | 0
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Ternary is a big downside

Agree | 1
Disagree | 0
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No smart contracts yet, which will be hard to implement due to the non-linear nature of the Tangle

Agree | 2
Disagree | 2
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Reports indicating security breaches in the Tangle

Agree | 2
Disagree | 3
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