Kakashi2020 Posted January 16, 2021 Share Posted January 16, 2021 Founded in 2015, IOTA is the most unique coin among other similar crypto's. It is the only one to use a new protocol invention called ‘Tangle’ rather than blockchain technology. You have probably heard of the Internet-of-Things (IoT), a technology that enables communication between various objects with sensors, via the internet. IOTA is focussed on making this technology more secure, seamless and scalable. Pros of IOTA The biggest advantage that IOTA offers over all other cryptocurrencies is zero transaction fees. When all other cryptocurrencies are struggling with scalability issues, IOTA’s technology promises infinite scalability. Cons of IOTA IOTA is betting on the success of another industry — Internet-of-Things, making it's future even more unpredictable than the other top 10 cryptocurrencies. MIT Media Lab had recently discovered a security problem with Tangle. If the big IoT players themselves develop their own cryptocurrency then IOTA could face stiff competition Historical performance While IOTA was created in 2015, its token was launched on exchanges only in 2017. It was an immediate success as its price grew from $0.44 in June 2017 to $5.34 in December 2017, giving it a return of about 1,200%. Like most of the other crypto's, IOTA also experienced a price dip earlier this year. It is currently experiencing a stabilization - time will tell if IOTA will manage to climb back up. Quote Link to comment https://slingbank.com/forums/topic/9928-iota-review/ Share on other sites More sharing options...
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