Hey guys, your friendly Daytrader.. Frogtron here!
I've recently noticed during the Bitcoin Cash flip that IOTA has grown considerably on it's own.
For those who are not informed..
IOTA use's a concept called the Tangle instead of a blockchain. The Tangle is great due to it's capacity for higher scaling as well as a higher volume of transactions being mined through a type of Peer to Peer concept.
In other words, Tangle uses a type of (ToR) system allowing for multiple transactions to be made at the same time without having to wait for mining times
With the recent problem of transactions being spammed on the blockchain, freezing a lot of assets in BTC, Forcing people to pay 10USD$ fee's in order to transfer they're funds.. IOTA is looking like a great compromise.
The way i see it, Bitcoin is like the Money Wiring system. Would it be worth paying 25USD$ to transfer 10'000USD$ over seas? Probably.
Would you pay 25USD$ to wire transfer 50USD$ over seas? Most likely not.
In my opinion, IOTA has great potentiel in being the tiny transactor for our crypto needs.
Hopefully these times come with great profit!
Happy Hodling!
IOTA is very intriguing. They appear to be in bed with a vast number of IoT providers, big time companies and have signed a large team of people with Big Industry experience. I think DAG is the future.
I look forward to the coming years and the bigger house I will purchase. I am hodling long term.
Kmac
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For sure agree! IOTA is looking like a strong long-term spec.
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It is not even paypal of cryptos, not even visa of cryptos, IT'S BEYOND! #iota #tangle
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