Ninjastic
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Board Announcements (Altcoins)
Re: IOTA
by
iotatoken
on 17/03/2017, 03:33:29 UTC
Quote from: gernat on March 17, 2017, 01:51:24 AM
Quote from: Voidcrafter on March 16, 2017, 11:58:08 PM
Quote from: cebb on March 16, 2017, 11:43:15 PM
Quote from: gernat on March 16, 2017, 10:09:57 AM
Quote from: yassin54 on March 16, 2017, 09:07:59 AM
Quote from: sxafir on March 16, 2017, 08:45:07 AM
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
If I recall correctly Dom said it was at least 50 TX per second and that's just the beginning.

We will release results of a stresstest soon. In theory there is no hardcap on IOTA's network scalability, devices with Curl ASIC (Jinn or equivalent) will be able to hash thousands of transactions per second individually. We already far outpace all permissionless blockchains, so people really just need to take the time to understand how the Tangle differs from blockchain before whining.