Post
Topic
Board Altcoin Discussion
Re: IOTA
by
celinenguyen
on 27/01/2018, 02:04:54 UTC
Hi

who has experience with IOTA. They do not work with blockchain and want to offer transaction for free.
It looks quite good.
Does this thing has a potential to be next Bitcoin?

IOTA is an electronic currency founded by four key members: David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov. This currency has the highest total supply of 2,779,530,283 MIOTA. Substantial supply will limit IOTA prices. While traditional chain-based networks such as Bitcoin or Ethereum use block-chain technology, IOTA uses no-cycle graphing technology, meaning that the execution of transactions does not have a defined cycle. To understand for example Bitcoin technology, to pass information from node A to node D, you would have to pass B and C which is a defined cycle, while for IOTA This cycle does not determine whether it is possible from A to F and then from D to D. This technology allows IOTA to achieve rapid growth and zero transaction costs.