The Rise of IOTA - Why it can and will pass Bitcoin very soon - Simple Introduction
IOTA brings superior technology to the cryptospace.
The Tangle innovation is so groundbreaking infact, that it is mearly a matter of time before mass adoption will catch on. Nothing else is holding this giant back from fully taking off.
Created to be the backbone for the Internet of Things, IOTA can do much more than just send borderless zero fess transactions. The Tangle innovation is scalable and immutable. Quantum proof hashes curl and kerl are one of the measures in place to ensure that future quantum computing attacks, may not render the hashes useless and potentially allow for an overtake of the network. You can meanwhile rest calmly because it would take at least 34% of all the networks hashing power to successfully launch an attack. Even then the chance of doing real damage to the Tangle is not a given.
A core feature of IOTA is the ability to transfer data through the Tangle. Allowing authenticated communication channels between devices. All data which is transferred through IOTA is fully authenticated and tamper-proof. The Tangle is extremely fast with a limitless ceiling for transaction speed. More users means a more powerful network. The consensus requires a user to confirm two previous transactions. This comes by nature of the DAG (Directed Acyclic Graph). No more block and no more miners. Therefore reducing energy waste and getting rid of the third party.
A lot of things are in the oven and ready to be announced by the founders. The community is currently adjusting to the previous "snapshot". So far the transition to the new seeds has been going very well. Read more about this topic in my article on "Snapshotting in IOTA".
I hope you enjoyed my quick beginners introduction to IOTA. If the information makes you anxious and excited simply join us on the official SLACK channel. Therere is a lot to learn. Lets get active and build a new world with IOTA. The possibilities are endless.
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Great post we love the tangle, I'm sure it fills a void for our future and a well diversification in a basket of technology and for investor portfolios. Keep up the good work, quality content. Upvote
Hey @urbandwellers thank you for visiting my page and for the nice comment:) yes the tangle is amazing and im pumped for the months to come. Stop by anytime:) great day Iotaforall
Saw IOTA code being integrated into bittrex today: https://steemit.com/iota/@anarcho/iota-tangle-wallet-code-being-added-to-bittrex
thats epic m8
Also check out Peaq... ot was just announce. This is another amazing project that will be built on the tangle and takes iota to a new level: https://steemit.com/iota/@anarcho/iota-peaq-the-next-generation-ethereum-killer
In bitcoin this is impossible
https://www.cryptocoinsnews.com/iota-based-student-project-places-second-porsche-innovation-contest/
word @cassiogusson ;)
Thanks @steemhoops99 really good post and introduction to IOTA!
I do think it has a lot going for it, but I think it is too complex for less advanced users right now.
I held IOTA myself until very recently, but offloaded it as it wasn't very user friendly. I did my homework and had everything setup, but even just creating the password for the light wallet was a mission.
I'm sure I may well regret getting rid of it, but I'm a believer that you should always be 100% bought into the product of your investments to make them work. I couldn't even bring myself to discuss it with friends (who are also into crypto) as it would have meant writing a manual to help them understand it, buy it and install wallets.
Once this barrier has been removed and it starts being adopted, there's no doubt it will challenge everything we currently do in the crypto market.
I feel you buddy it takes a bit to get used to the GUI. The recent upgrade and the more coming in the next weeks will make it a lot easier for the "average user". If you have some friends that need help make sure to send them here i would love to share some wisdom:) Ps: 100% the adoption will come. We need to spread the news^^
Thanks, I will certainly send them here if they need some help.
I know it's going to the moon, but I'll have to wait to join the rest of the world as I said. I do think it is a fantastic innovation. I love the way you called out that there would be much less energy used to run it - that's a big thing for me as current mining techniques for BTC and the rest are too much to stand when you think about it.
Thanks again for the post. I've resteemed to try get some more coverage and commentary on it.
❤️
Great post. I am definitely an IOTA follower as well. Upvoted and followed. Cheers. Feel free to follow back.
it will when both have achieved 7 network effects I believe
really cool post ,,,,,much informative...... if you want you can check my post ,if you like it follow and commnets me...
Great article, Great Read! Thanks for bringing in new information! upvoted and resteemed!
Thank you @aerona always good to have you here:)
Need more exchanges to list it!
In due time. IOTA is fine for now. More exchanges coming in the next weeks.
Thank you @steemhoops99 for a great introduction! :) + 1 follower to you
Thanks for following @nitram shoutout to you:) stop by at any time