Top IOTA ecosystem news of the last month

ontofractal (68)in #iota • 7 years ago (edited)

IOTA is a cryptocurrency created to enable microtransactions for Internet of Things and to build a foundation of "Economy Of Things". There are no blocks and blockchain in IOTA, instead it uses Tangle technology, which is based on the data structure called DAG. IOTA was created by David Sønstebø, Sergey Ivancheglo, Dr. Serguei Popov and Dominik Schiener in 2015.

IOTA statistics for 07.08.2016

marketcap: $1,3 billion
circulating supply: 2,779 M
token price: $0.47
crowdsale: 25 November - 21 December 2015
BTC raised during crowdsale: 1,191 ВТС
crowdsale price: 0.00000119 ВТС, 0.00052 USD

Further study

You should verify the following statements by yourself.

There are no commissions for IOTA transactions. In order for a transaction to be confirmed, you must confirm 2 other transactions. It is unknown how such PoW will help to prevent spam.
Due to DAG, IOTA does not have the ability to guarantee the order of transactions. This means that IOTA smart contracts are limited by the set of features for which the transaction order does not matter. Examples: token transaction, voting.
The potential problem of ledger size increase Tangle requires more research.