Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: Lamby on November 03, 2017, 01:38:21 PM
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IOTA is fast free and the more you hold the more profit
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There are real use cases of iota and it is fast and it is free to transfer.
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This coin has no specific features. Now many similar coins. And it's just one in a thousand.
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yea is lot like walton though I think IOTA came first?
I think many feel these types of "internet of things coins"
will gain significance in maybe few years from now. If buying than
hodl would be best
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It has huge updates that are in pipepline.. 2018 its gonna be year for IOTA. I'm 75% in
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Where can I buy IOTA?
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IOTA is fast free and the more you hold the more profit
It can be fast but what do you mean by free :o
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It's not free, it costs IOTA's to do transactions.
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It gives more profit
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The currency of IOTA Crypto was created only to serve this global realm, where many things have wide functions. The blessing is possible to overcome this ecosystem protection problem, but the IOTA goes a step further and in it the developers are aware of some of the advantages that make the crypto currency system and payment system exceptional.
Features IOTA crypto currency and its advantages
The main feature of IOTA is not according to the standard blockchain, but in certain databases called Tangle.
If you compare the Iota crypto currency with bitcoin, then the first advantage is obvious:
-Blockbuster Bitcoin has serious problems with scalability. We often witness the fact that hundreds of thousands of transactions are hung in them. IOTA can not do this, because its database can have unlimited scalability - network bandwidth increases with the popularity of crypto currency itself.
-Transactions in the IOTA network are completely free, as they confirm the new operation with two other transactions, and not the miners paying for bitcoin users. The same translation, which is wrong, will reject the system node. Again, due to weak commission bandwidth in the detachment, the cue ball will increase, and the IOTA transactions accelerate.
-In the IOTA system, micro and nanotransaction is possible - this feature is highly relevant to the internet. If small transfers in other crypto currency systems lose their meaning because the commissions are bigger than the transfer itself, then in the IOTA they are free. Thanks to this development, you can send a very minimal amount.
-You can trade in IOTA coins even without connecting to the network. Operation without access to the network will be done locally, and to communicate with the database is enough to connect to the network several times a day.
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Here are few things that I can list (You can add/suggest edits if you find any mistake):-
It has a zero transactional fee. (Something I personally love the most)
Its pre-mined and all coins have been distributed, so there is no corporation holding any coins. (I.e. no central power in terms of coins)
There are no mining benefits. So corporation will stay away from mining. (Complete decentralized network)
It's quantum secure. (Even supercomputers cannot guess your public keys)
The network becomes stronger when the number of transactions increases. (So there won't be any problems of network clogging)
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I think it's the unique tangle technology.
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I think IOTA is special it's because this is a distributed ledger designed to record and execute transactions between machines in the Internet and it's platforms uses a decentralized Acyclic Graph instead of a blockchain technology.
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I would probably keep the coins that have their own blockchain and on the basis of which you can make a cool project, there is a unique idea. IOTA has a unique idea NEO is similar to other projects. But what sets them apart is the money that makes up their market.
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Transacting with the IOTA network is free. The IOTA project can confirm new operations with other transactions. Even more interesting, even though there is no network connection, you can make transactions using IOTA.