What is IOTA???? number 6 at coinmarketcap" THE BITCOIN KILLER IS HERE!!!!"

in cryptocurrency •  8 years ago  (edited)


I just learned that iota hit bitfinex and it blows up. I had newer heard of it and it is for real its a new kind of cryptocurrency whit
a totally different kind of blockchain they call it the bitcoin killer and I am very scared right now

IOTA is the first distributed ledger protocol that goes 'beyond blockchain' through its core invention 'Tangle'. The IOTA Tangle is a Directed Acyclic Graph which has no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network; instead, the throughput grows in conjunction with activity in the network; i.e., the more activity, the faster the network. Unlike typical blockchain architecture, in IOTA there is no separation of users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization.
more info here https://www.iota.org/

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Is it on Bittrex?

no

Sounds interesting. First things that come to mind are how is the network secured and is it possible to reverse transactions.

I hope transactions are not reversible. That's not a bug of Bitcoin, but a feature.

beats me