IOTA Yay or Nay?

in iota •  7 years ago 

I just learned about IOTA coin while doing some researching. I understand that it was released in 2015 as an open source distributed ledger protocol that goes beyond the blockchain through its invention of blockless tangles. Its " is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency 'iota' has a fixed money supply with zero inflationary cost."
Now Im not much of a crypto guru to understand exactly what that means, but I can understand that its decentralized and I guess running on its on accord if you will. Maybe some you that are well versed in crypto can share your thoughts on IOTA and if its a sustainable project. Will it be difficult for non techi people to utilize or will it develop into a more user friendly platform?
Please share your thoughts in detail. Would you buy it? Why or Why Not?IOTA.jpg

iota cryptocurrency blockchain dag
7 years ago by

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      ·  7 years ago 

    The main appeal of IOTA is the zero cost transactional fees which allow for microtransactions between devices. One can imagine your phone talking to a cash register and paying for your groceries with IOTA simply with a simple press of the button. I will admit that from what I've seen the infrastructure is in it's very early stage, but I think that for an altcoin, this seems like a top-tier altcoin.

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        ·  7 years ago 

      I have a complete yes for it, then there are no fees and they don't have the scaling problem. Also, there is no mining needed. And I think the mining it is not really Ecologically. So it won't exist in the future.
      Wonder what you guys think.

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          ·  7 years ago 

        I'm no expert, but just reading about the potential applications longer-term I would definitely say Yay

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