How To Buy The Internet Of Things (IOTA)

From micro transactions to any type of Amazon purchase IOTA will be the center of it all.

But any compelling project that will change the way of our day to day lives has to have a

couple speed bumps that delay the time of launch and going mainstream. So we will talk

about the good and bad as always when we are doing a coin review. I would like to say if I

didn't own any IOTA I wouldn't be talking about it because I wouldn't be supporting the

project. On almost every review I do I have a sum of the coin in context so I know more about

How it works and other technical difficulties or advantages the coin possesses.

So let's get to it, one of the positives about IOTA is that there are no transfer fees when

making a transaction. So when you want to pay your grocery which is five dollars and

twenty seven cents you will only pay five dollars and twenty seven cents. There are

no credit card fees on the transaction no added fees whatsoever. Same thing when you

are purchasing a plane ticket or paying your electric bill no unnecessary fees,

no middle man no fees .

This really digs deep into the concept of peer to peer transaction So how is it possible

that a cryptocurrency can make transaction fees non existent when people are paying

twenty dollar Bitcoin fees you ask. Well that goes into our second positive with IOTA

which is the Tangle technology they use to transfer the currency. What tangle technology

does is each transaction is given a task.

Each single transaction has to confirm the credentials of two other transactions.

They see if all the given information is correct or if any of the possible users are using fake coins.

This way when each transaction is programmed to check others the whole system from the fist

users to the ones months away form a sort of wide tangled, connected check and correct line.

The nice part about this is that each transaction makes the currency stronger compared to

other coins when each transaction confirmer(Miner) has to be rewarded. The blocks of these

coins will cause the coin to, in time not work properly or not work at all. Compared to IOTA

will get stronger with time. Standing the test of timed will not be troubling for IOTA.

Now lets get to some of the things that are lacking in IOTA. First of all the wallets look pretty outdated.

When people get a coin and move it to their wallet they want to see something good looking

and appealing. The people that aren't into cryptocurrencies that will only get this for it's usefulness

will judge the way something is designed. The more it is the more people will be open to it.

Visual representation is everything in this day and age. There are also issues of accessing the wallet.

Most issues come as Connection is refused. From that lets get into the transaction speed.

Even though the tangle technology is groundbreaking there is still problems with how long it takes

to send money. The tech is relatively new so we have to give the Team sometime to work on it.

If the team can improve the look of the wallet, the speed and the logistics of

connection I think IOTA will for sure be the next thing. A lot of high end cryptocurrency advisors and

people that have knowledge of the market are saying that crypto will be fully mainstream by 2025.

That means IOTA has some time to get these things fixed. Lastly lets take note on one more big news

which is IOTA has partnered up with the tech giant Microsoft and other big companies such as Samsung,

Cisco, Volkswagen and many more. This shows us that not only we believe the coin but the big boys

are trying to get in it too.

Hope you guys enjoyed the review, comment if you have a coin that you want me to talk about.

Thanks and have nice day. Note that I am not a financial advisor

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