As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
Some issues with currrent blockchains
1.Scalability{There are currently over 200k unconfirmed transactions in the Btc network }
Here is a little comparison of tx per secs
Visa 2000
paypal 155
Bitcoin 5 to 7
Ethereum 100
2.fees{this blockchain counterparts are not fit for micro transactions due to their fees},
3.requires lots of computing power{which leads to mining centralization and increasing mining difficulty}
4 not quantum resistant{a quantumn computer will be 17 billion times mining efficient than a classical computer}
IOTA DIFFERENCES
1.It uses BlockDAG
2.Consensus{no miners}, every one that transacts can also confirm other participants transactions
3.It's quantum proof
IOTA
-- uses blockDAG{Tangle}
-- no mining {for transaction "A" to be confirmed,it has to confirm two previous transactions}
The incentive users get for such is that Karma takes effect
--It's quantumn proof
Iota use cases
-- Data integrity
-- Transactive grid
-- Supply chain
---bandwidth and computing power sharing
-- M2M transactions
▶️ DTube
▶️ IPFS
Coins mentioned in post: