Anybody notice IOTA?
David Sønstebø says some very very interesting stuff in the article. A good read for anybody that has been affected by the recent Congestion on Bitcoin and Ethereum Networks. Makes you reconsider whether or not these Blockchains are truly DECENTRALIZED as they claim to be :-).
"We have resolved the largest problems of blockchain: fees, scalability and centralization." 😲
"The other large issue that IOTA resolves is that of scaling: it is no secret that all public blockchains suffer from a terrible performance in terms of throughput. Even under ideal conditions, they do not scale to meet even slight real world demands." ~ David Sønstebø
"The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network"
Thanks for sharing will look more into it
Eutherum has a lot of backlog of transactions
Hi Oowilliams I've also been reconsidering the how decentralized those Blockchains truly are and I've came across IOTA a while ago and have done a lot of research about it. I was really hyped at first but I later on found out that the process of which tips are selected to verify a transaction are being regulated central at the moment.