IOTA is a tangle coin that ICO’d on Bitcointalk in JINN, another coin. It promises to bring cryptocurrency to the Internet-of-Things. But did anyone actually try using IOTA? Andreas finds out.
Today I’m reviewing IOTA, a token that uses a tangle instead of a blockchain. IOTA is supposed to be used on small devices in the Internet of Things. I’ll show you how to buy, store, send, and sell.
TL;DR: IOTA cannot be used for Internet-of-Things devices. Or anything.
I last tried IOTA in November 2016. Back then I was researching IOTA for my then coworker Kevin.
Kevin runs a fund these days. Like everyone else.
I remember having to run pre-compiled binaries and being unable to send a transaction. Today I’m giving IOTA another chance.
IOTA was first announced in a traditional Bitcointalk announcement (ANN) thread in October 2015 with a white paper titled “The tangle”. The original coin was named DagCoin.
Instead of the global blockchain, there is a DAG (= directed acyclic graph) that we call tangle.
Graph is math speak for “circles connected with lines”. Acyclic means that there are no loops. The Bitcoin blockchain is a DAG. A transaction does not directly or indirectly refer back to itself.
As of writing this IOTA has a market cap of $6.6 billion dollars.
You can skip to the end of this review by searching this page for the word conclusion.
Goals for the Review
Compile and run IOTA from source-code on a server
Sync the IOTA blockchain (tangle)
Buy IOTA and send it to my wallet
Send the IOTA to a mobile wallet
The IOTA Landing Page
Everything I know about the Internet-of-Things (IoT) I learned from Internet of Shit on Twitter.
The IOTA landing page promises that IOTA will make every technological resource a potential service. I’m not sure what that means.
Compiling and running IOTA
crypto currencies, cryptocurrencies news, cryptocurrencies today, cryptocurrencies trading, gab ico, ico review, ico review 2018, ico review channel, ico review crypto, ico review gamb, ico review germany, ico review january 2018, ico review youtube, ico reviews, ico reviews channel, ico reviews crypto, ico reviews for crypto newbies, ico reviews youtube
Related Post:
- Ubanx ICO Review : Crypto Bitcoin cryptocurrency News Best ICO Review Channel
- Bitcoin Cash (BCH) Attack Roger Ver Ploy? – Hedge Funds Sell Off – Maestro ICO – ECOMI ICO Review
- Incodium ICO review channel Cryptocurrency Bitcoin Altcoin Crypto News latest today list of best ico
- LaneAxis ICO review channel Cryptocurrency Bitcoin Altcoin Crypto News latest today list of best ico
- Lawyer Says Ripple/XRP 'IN THE CROSSHAIRS' & Court Descussion on XRP Being a Security WILL OCCUR
- XRP TEARDOWN By the SEC: The REAL Reason It's All Happening | How GLOBAL Adoption of XRP WILL OCCUR
- JOHN MCAFEE Reveals STUNNING BITCOIN EXPLOSION Could OCCUR In 5 DAYS – You Must HEAR HIS NEW ADVICE!
- Ripple XRP: Will Regulatory Clarity Occur By November 2023 To Coincide With The FSB’s Mandate?
- IOTA Explained | What is IOTA | Price Prediction IOTA | IOTA Tangle |IOTA 2019 2023
- GoldGate ICO, Regen ICO, NAGA ICO & Steneum ICO – All In December 2017!!!
