As one of the highest climbing altcoins of all time, IOTA is a cryptocurrency that has a lot to offer. Most of the times, this cryptocurrency is described as “the blockchain’s replacement”. But what does all of this mean?
Well, one interesting feature of the Tangle is that it is not deterministic like the Blockchain, on the contrary, is probabilistic. This means that the network chooses two random transactions to be verified so some transactions can be confirmed faster than others, unlike Bitcoin where a transaction can take up to 8-12 minutes. But, of course, every cryptocurrency has some issues with certain aspects of their work and IOTA is no exception.
Meanwhile, IOTA has a lot of technical difficulties and challenges that are yet to be solved in order for IOTA to function perfectly as a decentralized digital currency. The developer of the Ethereum cryptocurrency argued that Tangle sounds perfect in theory but in reality hits a lot of issues that don’t allow the technology to be efficient. He says that IOTA is built to function on an existing hardware which is binary and so is the communication network it uses. This means that every internal ternary notation has to be stuck in binary leading to taking too much storage space and computational overhead. However, Tangle has some great features and a lot is expected of it.
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