I just made a bitfinex account and bought a little IOTA yesterday. It seems like it could be huge, but right now all wallet addresses that I tangle on the GUI light wallet are not recognized by bitfinex. They probably still have some bugs to iron out since it's brand new to the exchange.
RE: IOTA - The Cryptocurrency That Jumped Into 6th Position
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IOTA - The Cryptocurrency That Jumped Into 6th Position
This coin uses a different "blockchain" than usual so needs some time :)
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I really wonder whether the new blockchain works as intended.
I do not get the part that each transaction requires the sender to verify two other transactions on the Tangle.
Does this means that a sender is always dependent on future senders to get his payment confirmed (checked and verified by those future senders)?
If so, in theory the system could encounter a problem if 10,000 senders make a payment and thereafter, only 1 person makes a payment each day. It would take a long time before that sender has verified all 10,000 payments before that. And of no one makes a payment for a long time, all the latest payments (still unverified) would remain unconfirmed.
Am I missing something?
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They have a mechanism so the DAG is single ended, which means if 10,000 senders make a payment they will verify each other and there is only one at the end. This is a high volume transaction tech used on IoT, which means there is a huge amount of transactions per second. Your payment will usually get verified in milliseconds while on blockchain it takes 3-5 seconds. If a machine plugged into the network is appending his sensor data to the network there is a continuous stream of transactions so the scenario where there is a very long time world wide without a transaction if very much unexpected.
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I think you got something wrong here. There can be multiple DAG endings (called tips) in IOTA. The system is designed in a way so that participants are motivated to validate more recent transactions and especially those that have not been confirmed before (=tips), though, else the system would not work. You can view a live visualization of the IOTA tangle at https://tangle.blox.pm/.
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Really? Do you see how many of these coins are in circulation? I've literally never seen a coin with such little potential. This coin will be gone by years end.....there's 2,779,530,283,277,760 IOT *.....that's 2 QUADRILLION. You have to be kidding me. The biggest pump and dump of all time. Not trying to be a ####, but this is the worst coin of all time. Save your money!
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Large amount is in vision with adoption by numerous IoT devices and to avoid decimals. What matters is Market Cap, why is large quantity a matter? How does it make it low potential and pump-and-dump?
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Oh, I completely missed the line where you mention that withdrawals/deposits aren't functioning.
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No worries, they were working 15h ago, so just let em sync!
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isnt going down already?down like 20%
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I would not register at Bitfinex. They are a scam. They hold withdrawals and delist coins.
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I had bought some mIOTA the other day too. I sold it after a few days because I didn't like the wallet situation out there in cyperspace right now. I want a hot wallet like Exodus or Electrum that I can keep on my hard drive and have my IOTA keys there. When will a wallet come out that is easy to use?
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