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Title: Some insights on what's broken in IOTA and how to fix it Post by: vanderdaar2 on July 09, 2018, 06:24:04 AM Hi,
I've spent some time recently digging through IOTA and figuring out if it is actually a good protocol. I put together some problems I found in this post, together with a possible solution https://medium.com/@jonathanvanderdaar/how-to-make-iota-actually-work-46879bb28635 Would love any feedback / discussion. I'm pretty sure IOTA guys would not accept any criticism if this post reaches them, but would be interested to discuss the problems I described with others who understand IOTA well. (on the high level the issues I found are in case you don't want to read the entire blogpost: their approach to proof of work has no chance of working long term, and their protocol is actually pretty far from a nash equilibrium) |