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Author Topic: Is IOTA Safe and Secure?  (Read 13347 times)

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Is IOTA Safe and Secure?
« on: December 19, 2018, 10:43:34 am »
All cryptocurrencies at are at similar risk attack. Hackers are trying hard perpetrate their nefarious acts and developers are working hard to see that their security cannot be bridged. IOTA is safe enough as no serious hacking has been carried out though it has its on flaws
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Is IOTA Safe and Secure?
« on: December 19, 2018, 10:43:34 am »


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Re: Is IOTA Safe and Secure?
« Reply #1 on: January 04, 2019, 06:41:24 pm »
I am really curious about this for myself. I know almost nothing about iota other than it is related with the IOT technology.
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Re: Is IOTA Safe and Secure?
« Reply #1 on: January 04, 2019, 06:41:24 pm »

Samantha Ben

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Re: Is IOTA Safe and Secure?
« Reply #2 on: February 02, 2019, 06:24:57 pm »
Before we know is IOTA Safe and Secure, let us understand what is IOTA and the technology behind it.

The technology which IOTA operates on is “Tangle" which will help boost efficiency and streamline the stakeholders' interactions. The partnership with Volkswagen has made the IOTA community members pretty excited about the 2019 developments. IOTA is quite popular in the Distributed Ledger Technology(DLT) operations which has many potential use cases, and it is aimed at transforming many industries. After this, even car companies like BMW and Renault have shown their interest in the blockchain industry.

The value of the digital currency is one aspect of the project which hasn’t really impressed investors. Some investors are even uncertain whether they should invest in the digital currency or not. However, IOTA looks like one of the most promising cryptocurrencies in the crypto space. The future of MIOTA is secure, especially with the recent announcement of the EU parliament.

IOTA also does not charge any transaction fees and claims to have solved scaling problems, like delays in the network due to block congestion, related to BTC.

Once we know what is IOTA, it is most important to choose the safe iota wallet that can store IOTA coins safely. Some of the top IOTA wallets are GUI IOTA Light Wallet, IOTA Wallet Trinity, Guarda Wallet, IOTA Wallet (Android), Nelium Wallet and IOTA Wallet Ledger. Check here for more details about IOTA wallets - https://coinswitch.co/news/top-6-best-iota-wallets-in-2019-latest-review

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Re: Is IOTA Safe and Secure?
« Reply #3 on: February 04, 2019, 12:24:22 pm »
All cryptocurrencies at are at similar risk attack. Hackers are trying hard perpetrate their nefarious acts and developers are working hard to see that their security cannot be bridged. IOTA is safe enough as no serious hacking has been carried out though it has its on flaws
And what is the weakness of the IOTA?

I admit I don't understand how IOTA works and I also never trade bitcoin with IOTA.
As always these coins in the communities in my place of residence are less interested.
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Re: Is IOTA Safe and Secure?
« Reply #4 on: February 05, 2019, 11:27:16 am »
IOTA coin is safe and secure because this coin has the capability and ability to rise in the crypto market. This coin has been gaining more popularity in the crypto community that would give us more profit soon.
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Re: Is IOTA Safe and Secure?
« Reply #5 on: February 13, 2019, 02:45:05 pm »

I don't understand how IOTA works, but if IOTA is in the top 50 Coinmarketcap and this is definitely great for long-term investment.
You also have to be strong HODL so you can reach All Time High again like 2017.

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Re: Is IOTA Safe and Secure?
« Reply #6 on: April 09, 2019, 07:28:59 am »
IOTA was developed to enable the “paradigm shift” to the Internet of Things (IOT) by establishing a “de facto standardized “ Ledger of Everything. IOTA focuses on providing an infrastructure to enable transactions between devices on the “Internet of Things”.

IOTA also does not charge any transaction fees and claims to have solved scaling problems, like delays in the network due to block congestion, related to BTC. IOTA usage is expected to simplify transactions and processes involving objects that have sensors


 Let’s see the list of top iota wallets.

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Re: Is IOTA Safe and Secure?
« Reply #7 on: April 19, 2019, 12:59:58 pm »
IOTA doesn't use the blockchain technology which is being used by most of the cryptocurrencies. Instead, it has developed a new platform known as Tangle, that uses a mathematical concept known as Directed Acyclic Graphs (DAG).

Tangle is better than Blockchain in the following aspects:

Scalability: IOTA was designed to enable transactional settlement at scale. Since consensus is parallelized, and not done in sequential intervals of batches as in Blockchain, the network is able to grow and scale dynamically with the number of transactions. The more transactions are made, the more secure and the more efficient the Tangle gets.

One can convert iota to btc at the best rate at Coinswitch by comparing the prices across exchanges. 1 IOTA will give 0.00005900 BTC.

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Re: Is IOTA Safe and Secure?
« Reply #8 on: April 22, 2019, 07:26:52 pm »
As a matter of facts, IOTA has an excellent technology call "the tangle". In this unique mordel, the tangle is a technology that eliminated the sequentially linked blocks that make up the blockchain and instead uses a verification method called the Directed Acyclic graph (DAG). I think IOTA is very safe.

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Re: Is IOTA Safe and Secure?
« Reply #9 on: April 24, 2019, 02:57:43 am »
I think IOTA is secured, with a the reasons I have. Blockchain transaction blocks are been piled up as more and more transactions are made, but that of IOTA is faster with no transaction fee, which means if there could be a break in the block, then a hack is possible in the blockchain technology, and this has been dealt with by the IOTA Tangle. The scalability of IOTA is also a fascinating one, the more transactions made the more secure it becomes. I think its technology will handle the security loops in the crypto system.

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Re: Is IOTA Safe and Secure?
« Reply #10 on: July 14, 2019, 10:00:18 am »
I believe the safety and security of iota lies in its uniqueness. It 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. This makes miota unique and different from other coins even though there are some flaws.

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Is IOTA Safe and Secure
« Reply #11 on: September 03, 2019, 11:45:04 am »
Hello

I have an Oplay R1 PAL and will upgrade my bootcode from 17 to 23 , with the image in the first post,but I get the message this image is not for this board.

What Im doing wrong ?

 

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