IOTA

[m22au]

Microsoft deal:
https://www.cnbc.com/2017/12/04/cryptocurrency-iota-rallies-after-launch-of-data-marketplace.html

Also it doesn't seem to have the scalability / transaction speed issues that Bitcoin is facing.

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[Hoi]

It's built for Internet-of-things automation. Interesting and a different objective than Ethereum or Bitcoin.

 

[m22au]

"IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second.
"Scaling limitations have been removed, since throughput grows in conjunction with activity; the more activity, the more transactions can be processed & the faster the network.
"Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers); rather, validation is an intrinsic property of using the ledger, thus avoiding centralization."

(Source: https://www.reddit.com/r/Iota/)

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This above seems like it is an improvement over Bitcoin, however, it should be noted that Bitcoin's strong advantage is the significant network effect of being the biggest and most-accepted coin.

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[Hoi]

"IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second.
"Scaling limitations have been removed, since throughput grows in conjunction with activity; the more activity, the more transactions can be processed & the faster the network.
.

The Lightning-Network, which is to be released very soon as second layer on top of Bitcoin, will provide all that as well. But has the strongest settlement layer additional.

Anyway a technology like IOTA focused on IOT (internet-of-things) is interesting.

 

[just21]

Picked some up thanks

What exchange did you use? Can you deliver to your wallet or do you have to store at exchange?

 

[Cuddles]

What exchange did you use? Can you deliver to your wallet or do you have to store at exchange?

I'd have used bitfinex if I had to do it again. I used some Chinese exchange. Downloaded Android wallet. Have to get on a desktop to do some confirmation to transfer

 

[just21]

I'd have used bitfinex if I had to do it again. I used some Chinese exchange. Downloaded Android wallet. Have to get on a desktop to do some confirmation to transfer

Someone said in zerohedge comments that binance do not let you transfer off exchange. Who are you using?

 

[Cuddles]

Someone said in zerohedge comments that binance do not let you transfer off exchange. Who are you using?

Binance .

Though it just seemed to have an extra layer of BS to get it done. My stake isn't huge mind you.

 

[Cdntrader]

Why is iota so popular? What is impressive about the technology?

 

[Landonfisher]

IOTA has successfully completed the initial phase of the project and now is seeking to connect organizations like the Nordic Semiconductor, which focuses on ultra-power performance wireless System-on-Chip (SoC).