Hey guys, who are online. The project looks like IOTA. And I was interested in IOTA ICO. So I have something to say. I heard that IOTA is, in fact, centralised and the transactions are not protected.
Haven't heard anything about this. Could you tell us more?
Oh, I can't remember in fact details of this analyse. There was a lot of scary tech words.. Let me find the article..
Here it is. MIT (MIT Digital Currency Initiative) has published an IOTA code audit, providing one of the largest reports on bugs in the history of Crypto-Currency. This report demonstrated the vulnerability in the core of the cryptographic library IOTA, which allowed to destroy coins of any user of the system or to access them.
The largest bug that appears in the audit was found in the IOTA kernel hash partition.
Relying on its competencies and rejecting the past decades of development of the SHA-256 encryption protocols (uses Bitcoin) or KECCAK-256 (the Ethereum core), the IOTA founders decided to go their own way and offered their own encryption protocol, which was called Curl.
Relying on the public data, reports and comments of security experts, we can state that the Curl engine is extremely raw to work in principle, not to mention the final version of the product and use on the market.
Hope that exxor will not try to experiment with such things...