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Anonymous
Discussion: the tech behind IOTA 2017-06-24 12:34:23 Post No. 2591068
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Discussion: the tech behind IOTA 2017-06-24 12:34:23 Post No. 2591068
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Not here to shill my bags,
but I want to hear ur opinion on the tech behind IOTA, which seems pretty interesting
Basically, the teacher (miners) doesn't correct all homeworks (tx's).
Instead, the students correct each others homeworks, resulting in a different data structure, the "tangle", instead of the blockchain.
It utilizes POW just as blockchains, but the work is distributed and every transaction is recursively defined, allowing for zero tx fees.
Ofc the "vending machines who order drones for transport" are bullshit for another 30yrs, but a tx-free system that is indefinitely scalable (gets faster even proportional to the # of tx's / participants) sounds interesting and innovative
Let me hear your thoughts on the tech, not the market
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>>2591068
I have been reseraching the hell out of this one. I really feel like this tech is gonna be it, because it has a usecase. Fee free microtransfers with no blockchain.
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Got 1.5btc of it, just in case it starts doing some kind of ethereum move.
Concept is revolutuonairy for sure while still under the radar of most shitcoiners. Also, you'll see when looking at those blockfolio threads that nobody is holding any, which is a good sign as it shows that there's still huge upside.
Heavy accumulation going on too (exchange like polo stacking up?).
Still hesitant to put more than 15% of my portfolio in it though.
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>>2591068
They are really good in a fully automated society.
They can really benefit form automated jobs.
Companies seamlessly exchanging hardware and tools between automated modular systems.
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>>2591068
thx for the iota:
PIXCHEYPT9MGFYIIQRBFGZMCGATERCKREFIJWLHPXKLMRAEZQQDUXU9VX9FYHS9ZROCBRHITWTIZTYYVRCRAIAJCXO
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>>2591068
I read the whitepaper
The tangle looks legit, very cool tech. Market cap is already high so not much room for growth, ehich is keeping whales out i suppose. Could go x2 - x3 but not much more i think
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>>2591068
So instead of paying a tx fee you pay with computational power?
This has to be more efficient than paying a fee, otherwise it's just shifting costs around and a marketing gimmick.
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