After spending a good amount of time looking at a fair few different cryptocurrencies out there, I've come to a conclusion on a crypto which I think has a huge potential for mass adoption of blockchain technology.. And to my surprise, I really don't hear too much positive feedback about it. What cryptocurrency am I talking about?
IOTA
A bit different to other cryptocurriences IOTA operates on a 'blockless blockchain' called the tangled ledger. This is a scalable, lightweight and for the first time ever this makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network
In the past few weeks, the cryptocurrency market has suffered major setbacks (which i'm not worried about), with the main issue causing this being the markets fear of the bitcoin fork, all related to the scalability of the crypto itself. This scalability issue will also arise for ethereum, as well as multiple other cryptos once they become more frequently adopted. However, with the technology of IOTA, there won't every be a scalability concern, and transaction costs with this currency will always be 0.. a huge benefit in my opinion.
More information on IOTA can be found Here
Hey mate.
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