IOTA is probably one of the most loved and hated cryptocurrency at the same time. While some became huge fans of the tangle and its potential others are criticizing it quite a lot for its code as well as the behaviour/actions of the team.
Huge Potential
I've been a huge believer at first due to the promising tech, moved over to being a critic eventually and am now taking a rather neutral position in all the discussions about IOTA.
For me it's a fact that a fully functional tangle would be a huge innovation and enable a lot of things within the IOT to happen. So that being said IOTA could just be the tech we might all use in a few years. Especially the many partnerships they've got with major firms are honestly quite impressive.
The use cases they outline regularly on twitter speak for themselves and just show how far IOTA could get included into our daily life's. Pretty much everything could be interconnected, saved and controlled with it, making it the ultimate tool to solve a bunch of real world problems.
Lots Of Critics
On the other handside though it's worrisome to see that their setup has been responsible for millions of user funds being lost. But as if that wouldn't be enough the code used by IOTA keeps getting heavily criticized regarding its security from e.g. the MIT's Digital Currency Initiative (DCI), which can definitely be seen as a trustworthy source.
Unfortunately the Github activity doesn't really speak for IOTA moving forward neither. Compared to other tokens they don't seem to be too active and actually didn't take any changes live since 2 months.
My Conclusion
Like mentioned above already I'm taking a rather neutral standpoint towards IOTA these days but am honestly not too optimistic about it neither. It just doesn't seem to be capable to hold up to the promises made. Somehow I really hope though that the team will turn the ship around and succeed to make IOTA what it's intended to be, just because of the huge potential it bears.
What's Your Opinion On IOTA?
(Source 1 - Coincheckup.com)
(Source 2 - Coindesk.com)
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