What are the benefits of IOTA?
IOTA is an open source technology that can simplify, protect and automate any process of sending data or transferring value between different devices.
What makes the IOTA token valuable?
- It is limited: all nodes agree that there are a maximum of 2,779,530,283 277,761 tokens in the network. This maximum number is built into the network and cannot be changed.
- It is useful: to transfer values in the IOTA network, you must use IOTA tokens.
Safety
- IOTA uses quantum resistant cryptography to protect the network and prevent attackers from stealing IOTA tokens.
- The IOTA network is a peer-to-peer network. There is no ledger with central authority to control transactions, but all nodes hold copies and automate their content protocols through the IOTA protocol.
save costs
IOTA is free to use. You don't need to pay for a subscription or sign a contract. Even the transaction is invalid.
Scalability
For each transaction attached to the ledger, verify the first two transactions. This process makes IOTA incredibly scalable, because the more new transactions that are propagated through the network, the faster other transactions can be verified.
Application scenarios for DAG
- Conditional payment applications, privacy trading applications, over-the-counter trading applications, social trading applications, sharing economy
- Since the greater the concurrency, the easier it is to reach a consensus, so it is suitable for large concurrency scenarios: micropayment API charges call group red envelopes | group collection advertising traffic sharing
- Non-Turing complete declarative smart contract system, same as Bitcoin's public script, supports Boolean operations, mathematical operations, data storage, etc.
- Offline transactions: keep network connection all the time unnecessary, nodes can generate transactions and encrypted data offline