Bitcoin Forum

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 ?? :)

Many people questions about IOTA is that IOTA don't have PROPER WALLET,
And they are taking a long time to develop proper wallet.

Wallet they give is not up to that level.

However best part of IOTA is zero FEES

That means

IOTA is not reliant on miners. The users are the miners. Every user validates 2 transactions, there are no middlemen (miners) the holders of the coin are the miners.

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.

IOTA doesn't uses the blockchain technology but tangles. It is a DAG coin. The best thing about IOTA is the fact that it grows stronger and faster as the coin usage increases. Which means the more the users, the more secure the coin is. Also since its fee less all the coins with transaction fees don't stand a chance to compete with this coin.

In general summary although it is not a Blockchain and possesses many qualities that attract investors many of these quality are still on paper and not as final product, after the conclusions perhaps IOTA may correspond in the market.

Instead of the traditional blockade in the IOTA network, a DAG-directed acyclic graph called Tangle is used:
The DAG network is made up of transactions. When a new transaction appears, it must approve the two previous transactions, these approvals are represented by directed arrows (the time runs from left to right). If there is a path between at least two sections between two transactions A and B, it is considered that A indirectly approves B.

The nodes verify the absence of conflicts and do not approve (directly or indirectly) conflicting transactions.

At first glance, the Tangle technology actually demonstrates advantages over the blockbuster, promising to solve the problems with the speed and cost of transactions, while preserving the unchangeability of the distributed log. However, to industrial designs is still very far away and so far it is only a matter of confirming the concept.

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.

IOTA goes beyond blockchain. It is the first cryptocurrency that provides the whole ecosystem based on blockless blockchain.

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.

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.

 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

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.

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...

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.

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.

IOTA its really scalable and use Tangle technologie, nice pick for IoT

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

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.

You don't even read the explanation of DAG system properly dude. IOTA is only scalable system and that is not decentralized just like the majority of coins are using POW system. IOTA is used servers to validating the transaction and that makes the possibility to make the fees almost zero.

POW is the real decentralized blockchain right now.

you forgot to mention "what for" :D

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?

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

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 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.

Any one from this group heard about MIOTA ?

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?

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.