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RE: IOTA - more questions than answers.

in #iota7 years ago

"if you sent a million micro transactions - you will need to validate two million other transactions and that might result in heavy electricity bill especially if done on ineffective hardware."

So, if someone is sending a million transactions isn't the 'work' conducted by that entity? Also, that entity would be required to transact 2 million other transactions as well. So, that entity if making such grand transactions is likely a corporation with resources available to work out such transactions. As far as I'm aware this is what I have been told.

So, the more big players that use the currency the more computing power it will have, simply by those that use it...

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No, you can create the transactions but let someone else transmit these to the network and do the PoW. This someone else is in effect a miner, who specializes in efficient PoW processing and charges fees for the electricity and the service. Still, this miner will burn less electricity than someone else that uses non-specialized hardware.
This specialization makes sense, as not everyone who wants to make a million or more transactions per day would want to also become a miner in order to perform the PoW required in an efficient way.
Yes, the more big player would use the IOTA - the more computing power will it attract - but this computing power will be centralized just like in Bitcoin or even more.

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