Re: IOTA

Cryptox.pl says there are no planning added new coin.

cryptox is shit exchange!!

Exactly Yassin. IOTA does not need such exchanges as Mt.Gox, only reputable exchanges for the great IOTA. BTW your exchange is also very good for IOTA. This is the great opportunity for the newcomers to jump into the moving train at the last moment.

YDX is great. But the iota network sucks. Been waiting for iota withdrawal since more than a day from YDX. Hope it goes through soon. Cant believe such a crap network for iota with a marketcap of 50 million usd at current iota prices.

It takes so long because yassin can only do one transaction at a time when he has all coins in one seed so there is a line of withdrawals

This is intentional design because it allows offline / offchain transactions

Also the bigger the network gets the faster the confirmations

In the testnet there were about 22 txs per second , bitcoin can do 7 max and is currently battling at 3-4

Does that mean exchange like poloniex will need to have thousands of seeds/nodes to handle ten thousands withdrawals a day? Does not look ideal.

For the exchanges using iota will be as easy as any other crypto , exchanges often have many wallets and they can use basically the same software , all the exchanges are waiting for the exchange api

Also dom , one of the devs , was working on founding a crypto exchange as his first crypto startup so i think they will have thought about those things

Damn if the transactions remain these clumsy my kettle will have to send the transaction a night before to my toaster for me to have my breakfast on time.