Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: Kingking on June 11, 2018, 02:08:06 AM
-
I think the advantage of it is that it offers free transactions rather than other cryptocurrency and that makes it one of a kind.
-
IOTA is the only crypto around which does not utilise blockchain technology. Instead, it uses another type of network, called a Tangle. According to IOTA’s website, the benefits of using Tangle include: a lack of fees, speedy transactions, secure data transfer and transactions can be conducted on infinite scales. Other aspects include pay-on-demand and micropayment abilities. IOTA was created to be “the backbone of the internet of things”, and fully supports secure machine-to-machine (m2m) communication.
-
IOTA is the only crypto around which does not utilise blockchain technology. Instead, it uses another type of network, called a Tangle. According to IOTA’s website, the benefits of using Tangle include: a lack of fees, speedy transactions, secure data transfer and transactions can be conducted on infinite scales. Other aspects include pay-on-demand and micropayment abilities. IOTA was created to be “the backbone of the internet of things”, and fully supports secure machine-to-machine (m2m) communication.
Its a really out of this world concept, and if they could just make it less buggy, theyd be on the moon right now. My problems come from issues with their code.. people's funds disappearing out of their wallets... can't recover because pw no longer works, etc. I'd feel really confident in IOTA when their coding matches up with their ideas.
-
Не рассматривал данную монету к покупке. А после коментария про коды наверно и не решусь на покупку.
-
I think the advantage of it is that it offers free transactions rather than other cryptocurrency and that makes it one of a kind.
Exactly! And also it has a better reputation to rely the trust of an investor on this altcoins than to many ICOs.
-
I think the advantage of it is that it offers free transactions rather than other cryptocurrency and that makes it one of a kind.
Here some advantage of IOTA:
Iota offers the so-called Tangle instead of the Blockchain.
There is no mining. The number of Iotas is limited.
The transaction volume is infinitely scalable and there are no transaction fees.
-
I think the advantage of it is that it offers free transactions rather than other cryptocurrency and that makes it one of a kind.
Hello there, I've never encountered IOTA before but instead Railblock now called Nano. Im using their platform once in a while and other say that it has resemblance with IOTA since NANO also using DAG and not blockchain. If you knew it can you tell me the advantage or thus both only focus only on transaction itself? Thanks
-
One of the benefits of IOTA is that it can do micro transactions because the architecture of IOTA Tangle is unique. In addition, IOTA can also transfer data. All data will be transferred by IOTA Tangle easily.
-
There are various features that make IOTA special for instance:
Unlike other cryptos, IOTA does not have a blockchain. Instead, it uses a Decentralised Acyclic Graph (DAG) named Tangle. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously.
The platform's cryptocurrency is MIOTA and one of its striking characteristics is that it will enable micropayment transactions between connected devices.
Features IOTA possesses that are quite advantageous are:
High scalability
Low resource requirements
Zero fee transactions
Secure data transfer
Offline transactions
Quantum Immune