Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
sheld0n
on 29/07/2017, 15:24:03 UTC
Wow this sound very awesome. This and the roadmap definitely convinced me of IOTA. I will sell some Alts and invest in IOTA. The permanodes also mean that IOTA is in direct competition with projects like StorJ, Maidsafe or Siacoin? Of course IOTA uses a different approach but in principle one can do the same as with the named projects.
This project is literally the jack of all trades device.

Thanks for your extensive response. It answered my question. However a new quesiton arose. What is the maximum size of data which could be stored in the tangle with one single transaction? Since there are no fees I could theoretically store a mass of data without paying anything. If I got it right, it is just enough to confirm two other transaction to attach my transaction to the tangle.


There will be a size limit for Tangle. IOTA will use automatically local snapshotting to handle it. The full Tangle data can be stored in permanodes for long term storage. The Permanodes are like a storage marketplace on top of IOTA. But you have to pay for it. In this case, tangle is more like a transit real time data storage place like what happens in this use case - https://www.coindesk.com/trust-odometer-blockchain-test-aims-turn-tide-car-tampering/

To know more about snapshotting and Permanodes - https://blog.iota.org/iota-development-roadmap-74741f37ed01