Digital Currency Hedge Fund The currency "IOTA" in the currency is highly valued

When you ask investors in the digital world, what do they put their eyes on, you'll get full listings that mostly include the IOTA. However, some think that the future of this currency is still uncertain. Earlier in the day, the Austin-Texas-based digital currency hedge fund, Multicoin Capital, released its analysis of the Ayota currency.

Although the analysis was primarily about its value, it also explored the main disadvantages of the currency. At the moment, the price of Ayota is $ 2.51, while in December last year its price was over $ 5. Given that the analysis of "Multicoin Capital" was released today, the Fund's staff believed that the currency of Ayota was too much in its estimate within the $ 2.50 price range, which was nearly half what it was a month ago.

But why this belief that the price is too high? The answer is actually very simple. While Ayota has a lot of potential in the IoT system, it is not widely used at this stage for any individual purpose other than investment. The inventors did not intend to simply be a storehouse of value, since the technology on which they depended was entirely related to their function, but the world had not yet found a place.

Concerns mentioned

Analysts at Multicoin Capital studied Ayota accurately. Although the analysis includes their criticisms, they also applauded developers for things like the DAG base of the currency, the lack of fees, and their scalability. One of their main concerns was the fact that the coordinator of the Iota was centralized. While the currency itself is decentralized, the coordinator who keeps it safe from attacks is not. The true level of safety provided by the Coordinator has yet to be verified by an external party, since it is closed source.

One of the other concerns that Multicoin Capital mentions is the current lack of use Ayota faces. As mentioned earlier, the world has not yet found a specific place to escape. One reason is that devices with current IOT technologies require mechanical updates to be able to use the iota network. The analysis of the Fund's team considers this to be one of the main problems for the future of the Ayota currency. Although Multicoin Capital has expressed other concerns as well as those covered here, the last factor facing Ayota - which will be discussed in this article - is programming problems. These problems were discovered at the MIT Media Lab.

To summarize the problems simply programming, Ayota was developed with some weaknesses that the development team knew about, but the public was not even discovered at the MIT Lab Lab. Even after discovering weaknesses in currency programming, it took months to get an official statement from the Ayota team on this issue. Analysts at Multicoin Capital also have strong views on Ayota. Although they are concerned about the future of this digital currency, they also want to see a full investigation of their potential. Like many others, they want to see solutions to some problems before they fall into them.