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Author Topic: Advantage of IOTA  (Read 4707 times)

Offline Kingking

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Advantage of IOTA
« 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.
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Advantage of IOTA
« on: June 11, 2018, 02:08:06 AM »

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Offline Eben

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Re: Advantage of IOTA
« Reply #1 on: June 19, 2018, 12:19:31 PM »
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.

Offline altcoingamer

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Re: Advantage of IOTA
« Reply #2 on: June 21, 2018, 05:05:45 AM »
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.

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Re: Advantage of IOTA
« Reply #3 on: June 28, 2018, 04:50:45 PM »
Не рассматривал данную монету к покупке. А после коментария про коды наверно и не решусь на покупку.

Offline Quantum X

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Re: Advantage of IOTA
« Reply #4 on: June 29, 2018, 07:29:32 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.
Exactly!  And also it has a better reputation to rely the trust of an investor on this altcoins than to many ICOs.

Offline Burdogs

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Re: Advantage of IOTA
« Reply #5 on: June 30, 2018, 05:08:10 PM »
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.

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Re: Advantage of IOTA
« Reply #6 on: September 17, 2018, 03:00:11 PM »
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
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Re: Advantage of IOTA
« Reply #6 on: September 17, 2018, 03:00:11 PM »


Offline nufika89

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Re: Advantage of IOTA
« Reply #7 on: October 11, 2018, 08:27:23 AM »
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.

Offline Felix Felicis

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Re: Advantage of IOTA
« Reply #8 on: June 12, 2019, 03:39:03 PM »
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
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