Hello
I recently started reading about IOTA and it's benefits vs blockchain technology, mainly no TX fees and a even more decentralized by removing the miners from the equation, and it has several high-profile companies behind it.
So, what are your thoughts on this new altcoin? Is it worth investing on?
So if there will be miners to give the decentralization of the iota network and that what already used by IOTA to verification the transaction to avoid the vulnerability? It looks to use the server to act just like miners.
A lot of discussion about that but it looks another centralized coin.
No, because every TX confirms another 2 TXs, so no miners required. From what I read they're just using a server to help in the beginning when there's few TXs, when the system starts having a good amount of TX, it will no longer require any "mining"