Topic: Why We chose IOTA over other Cryptocurrency (Read 117 times)
I'm kinda pissed with IOTA price drop and overall performance. But investments from VW and BOSCH are boosting my confidence in them. I choose to HODL, eventually, I would be paid off nicely. Other IOT project I like is Walton Chain. It signed a partnership with Alibaba (hope it is not just using Ali's cloud infrastructure). Sadly, I jumped WTC too late, got only 25 WTC twice as expensive as it now. Learned my lesson hard.: Buy Bitcoin at dip and wait for price rise. Buy more alts with your BTC later.
IOTA has a range of features that are uniquely enabled due to its architecture:
- IOTA can achieve high transaction throughput thanks to parallelized validation of transactions with no limit as to the number of transactions that can be confirmed in a certain interval.
- IOTA has no transaction fees.
- IOTA has no miners. Every participant in the network that is making a transaction, actively participates in the consensus. As such, IOTA is more decentralized than any Blockchain.
- IOTA utilized a newly designed trinary hash function called Curl, which is quantum immune.
- IOTA can achieve high transaction throughput thanks to parallelized validation of transactions with no limit as to the number of transactions that can be confirmed in a certain interval.
- IOTA has no transaction fees.
- IOTA has no miners. Every participant in the network that is making a transaction, actively participates in the consensus. As such, IOTA is more decentralized than any Blockchain.
- IOTA utilized a newly designed trinary hash function called Curl, which is quantum immune.
look at byteball, for example..too lite transactions fee, no 51%attack, and nice price
but haven`t a problem like MIOTA- why i should to be choise a Iota?
Any one from this group heard about MIOTA ?
IOTA uses ‘exclusively quantum resistant cryptographic algorithms’ which are immune to this brute force attack . Furthermore the Tangle decreases impact of a Quantum consensus attack by 1 million times.
IOTA has a range of features that are uniquely enabled due to its architecture:
- IOTA can achieve high transaction throughput thanks to parallelized validation of transactions with no limit as to the number of transactions that can be confirmed in a certain interval.
- IOTA has no transaction fees.
- IOTA has no miners. Every participant in the network that is making a transaction, actively participates in the consensus. As such, IOTA is more decentralized than any Blockchain.
- IOTA utilized a newly designed trinary hash function called Curl, which is quantum immune.
- IOTA can achieve high transaction throughput thanks to parallelized validation of transactions with no limit as to the number of transactions that can be confirmed in a certain interval.
- IOTA has no transaction fees.
- IOTA has no miners. Every participant in the network that is making a transaction, actively participates in the consensus. As such, IOTA is more decentralized than any Blockchain.
- IOTA utilized a newly designed trinary hash function called Curl, which is quantum immune.
IOTA is cool and nice with it’s feature but the only thing I observed and have being waiting for the development by the team for long is the wallet. Still waiting for the simple wallet both on desktop and mobile. It would be nice to have something easy to access as wallet. Thanks
you forgot to mention "what for" 
for investment, IOTA like any other altcoin is only good for a short term while it is getting pumped and you should get out of it before it is too late and before the dumping is started.
for other purposes, things you said may be correct. i am actually very interested in all the altcoins that are using DAG technology. but one thing has always concerned me and that is the fact that it has no fee and what is stopping someone from spamming the network with limitless number of transactions every second to cripple the network?
for investment, IOTA like any other altcoin is only good for a short term while it is getting pumped and you should get out of it before it is too late and before the dumping is started.
for other purposes, things you said may be correct. i am actually very interested in all the altcoins that are using DAG technology. but one thing has always concerned me and that is the fact that it has no fee and what is stopping someone from spamming the network with limitless number of transactions every second to cripple the network?
actually, the only think great about IOTA is zero fee and it was an old coin.
If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
If you don't know then IOTA becomes more stronger and faster as more people start using it. And as its user base is increasing its transaction speed has decreased tremendously. So like you said theres not just one good thing about IOTA but numerous that will make this whole page short if I start typing.If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
As per My understanding
IOTA has 4 HUGE advantages over Blockchain cryptocurrencies in that it is:
Scalable
Decenteralized
Modular
Fee Less
Unlike Bitcoin which uses a blockchain architecture for maintaining it’s ledger, IOTA uses the ‘Tangle’ which is a Directed Acyclic Graph, known as a DAG.
Tangle solves both the scalability and transaction fee issues, This removes dedicated miners and makes the system fully decenteralised.
POW is the real decentralized blockchain right now.
I don't choose IOTA over other cryptocurrencies because there are some doubts about IOTA as its controlled by central power. But I still love its technology. It may replace or stay as substitute to regular chain apps.
And don't forget that quit a lot if huge companies have invested in IOTA. My guess is that they would never connect their name to something shit and therefore it must be good
IOTA its really scalable and use Tangle technologie, nice pick for IoT
actually, the only think great about IOTA is zero fee and it was an old coin.
If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
If you don't know then IOTA becomes more stronger and faster as more people start using it. And as its user base is increasing its transaction speed has decreased tremendously. So like you said theres not just one good thing about IOTA but numerous that will make this whole page short if I start typing.If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
As per My understanding
IOTA has 4 HUGE advantages over Blockchain cryptocurrencies in that it is:
Scalable
Decenteralized
Modular
Fee Less
Unlike Bitcoin which uses a blockchain architecture for maintaining it’s ledger, IOTA uses the ‘Tangle’ which is a Directed Acyclic Graph, known as a DAG.
Tangle solves both the scalability and transaction fee issues, This removes dedicated miners and makes the system fully decenteralised.
actually, the only think great about IOTA is zero fee and it was an old coin.
If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
If you don't know then IOTA becomes more stronger and faster as more people start using it. And as its user base is increasing its transaction speed has decreased tremendously. So like you said theres not just one good thing about IOTA but numerous that will make this whole page short if I start typing. If it survive through the past years, it will develop stronger.
The % of people trust new coin is decreasing, they prefer old coin with developing.
I like IOTA and I bought some because it’s a different thing, it has zero fees and it’s very fast...however I hope there will be a stable and easy to use wallet for this coin... the actual one provided by IOTA is very poor compared to other BIG coins...
I like IOTA just because of its fees. It's similar to NANO. It's not a blockchain but it's using an advanced technology. IOTA already proved their power in the market, and they are going to be more powerful coin at the end of this year.
IOTA & DataBroker DAO are additional projects. So DataBrokerDao plans to integrate with IOTA as a transport level, both inside and outside.
Here's an article, read it, it's interesting:
https://medium.com/databrokerdao/how-the-databroker-marketplace-for-iot-sensor-data-adds-value-to-the-iot-industry-1a282e286135
Here's an article, read it, it's interesting:
https://medium.com/databrokerdao/how-the-databroker-marketplace-for-iot-sensor-data-adds-value-to-the-iot-industry-1a282e286135
In my opinion was IOTA a promising project, but in the period that they claimed an partnership with Microsoft it was very hyped. After the partnership was not formal the hype is lost. This means that a lot of investors have decided to sell IOTA. I was also an holder of IOTA, but after all that news I had sold my holdings.
We chose IOTA over other Cryptocurrency due its 4 main advantage over the other cryptocurrencies.
They are Scalable, Decentralised, Modular, and Fee Less.
But IS IOTA Is Not a Blockchain Technology ??
They are Scalable, Decentralised, Modular, and Fee Less.
But IS IOTA Is Not a Blockchain Technology ??
No, IOTA is not blockchain technology, it is it's own thing.
There are similar projects like byteball and nano, but they are all slightly different in their tech.
It is often called blockchain 3.0 because it is in the crypto world, but technically that isn't correct.
It is not an evolution of the blockchain but an "original" piece of tech.
But here's the thing, it is still buggy as hell.
The reason why is that in order for the IOTA tangle to operate properly it needs a large amount of users and volume.
It doesn't have that now so it is actually being centrally controlled with plans to "take off the training wheels" in the future.
Also, simply storing your iota has proven to be a monumental challenge.
You often have to attach, reattach, rinse and repeat just to see your own iota.
It has a lot of good going for it, but I'm thinking that unless IOTA shows some major steps towards development and implementation that it will be overtaken by other projects.
Just look at nano, it is already scalable, fee less, and decentralized and it already works great.
IOTA goes beyond blockchain. It is the first cryptocurrency that provides the whole ecosystem based on blockless blockchain.
Generally speaking, if a coin is fully premined, it is possible to move funds from one wallet to another with zero fee.
Think about that. Think about why all the premined coins and tokens needs fee to transfer.
Think about that. Think about why all the premined coins and tokens needs fee to transfer.
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