Awesome call on this one Haejin! Long term believer in IOTA. IOTA's tangle is faster than block chain. IMO IOTA's tangle technology is "block chains" replacement. Check this visual out:
The visual compares the transaction speed throughput maximums as tested to date.
lol, I take it you have not tried to send a transaction these past few days from the wallet.
Yesterday it took over 24 hours to get my transaction from my wallet to Binance. Very stressful.
It reminded me that IOTA is still highly theoretical
In the past there has been a common issue with the exchanges delaying the transaction. The IOTA network can't process a transaction until the exchange posts it to the system. Sort of like the the mail - someone can print a label for a package, but the package doesn't move until it is actually delivered to the Post Office. Also, the exchange can delay posting incoming transactions. Many exchanges receive the transaction well in advance (many blocks) ahead of actually posting it to an account for trading... They may have a verification policy in place - many exchanges do for all cryptos. The amount of "blocks" or time delay varies significantly based on the exchanges policy for that specific crypto.
The point here is that delays may not be caused by IOTA or the IOTA tangle network.
Nope. That was a while back. I sent to my wallet from exchange a bit ago and it took a day. This is all fomo, all based on hype and shit. Tangle is very vulnerable, trust me. MIT researchers were easily able to hack it and when they told iota developers. The developers denied it and shit. Very unethical of them. That picture mus be nice but do you know eth has planned techs coming out to scale it better. Raiden, Plasma. They will be able to scale to the moon. Iota is unproven tech if it doesn't deliver exactly as promised there will be a lot of unhappy people. I still don't see what exactly has iota done at this point. Its still a tech that is in test phase. Eth will have crazy scaling much faster then iota. you are right they have only tested it on iota when there aren't even that many transactions being done right now.
That's pure FUD - Fear Uncertainty Doubt - sorry but I have to call it like I see it here. The MIT researchers found a cryptographic flaw that produced collisions in certain wallet seeds. What they didn't take into account is that IOTA uses trinary not binary during calculations. IOTA intentionally did this as a protection scheme to prevent copycats from successfully using the code they developed. This is OLD news from several months ago. IOTA removed their copy protection scheme once it was discovered. This is not a valid issue or concern.
So ETH is coming out with new scaleable tech? That would be refreshing after todays Ethereum network disaster which caused the entire ETH network to come to a crawl and held up people's transactions for hours and hours. Rumor is that this network overload and stall is because of "crypto kitties". ETH can't even handle a basic cat app. I suppose all the ETH hype from the past several months has been proven to be just that - HYPE. What do you think will happen as more and more high demand apps are added? Even slower... Ethereum is not alone - the same scale-ability issues affect bitcoin and every other block chain based coins.
I suppose this new ETH tech is going to magically be better than IOTA's upon intial delivery? IOTA has been developing the tangle technology for YEARS and testing it in the real world for months now. Where is this ETH tech? Oh that's right - it's being developed... So no one has a hard date for the delivery of it? No one is currently using it? By that time ETH will have lost the market share to IOTA - which ETH is doing as I write this - and conventional block chain technology will be replaced by the IOTA tangle tech IMO which will have proven itself many times over by the time this new ETH tech hits the market.
Nice try, but I am not buying the FUD - nor is the market... IOTA has move up from 8th market capitalization to 4th in less than two weeks. I guess all those investors are just crazy or stupid? By the way - the IOTA network processed 2.3 million in transactions today while ETH processed only 1.5 million in the same time period. Why? Because Etherium network could not keep up.
Ethereum developers and supporters are the only unhappy people I have seen here.