What do you think about IOTA? I dont really understand the technical features (im a beginner) but it looks pretty similar to maid (no blockchain and nodes to verify transactions).
Just wanted to hear opinions from people in the community!
What do you think about IOTA? I dont really understand the technical features (im a beginner) but it looks pretty similar to maid (no blockchain and nodes to verify transactions).
Just wanted to hear opinions from people in the community!
Maybe any links to the project so people can help you out?
I read/skimmed the WP (mostly watching France England ) and these things struck me:
If anyone has delved deeper and can clarify this or knows a good article that explains the technical basis at a higher level, please post.
There is also this discussion thread here which has some good replies:
IOTA’s similarity to MAID, SIA, and a couple other other blockchain tech is: **decentralized computing **. Aside from that it seems like IOTA is nothing new in terms of blockchain tech. They’re actually jumping into one of the two saturated blockchain markets, which is decentralized computing.
The main reason why MAID stands out and has greater potential than these similar technologies, is MAID is developing a network with an entire new protocol to build the foundation of the future of the internet. The safe:// protocol is one of a kind and the other techs like SIA and IOTA are only providing an alternative to MAID’s approach to decentralized computation. They are not building a new protocol for the internet, only decentralized storage.
Maybe MAID’s network could even potentially support tech like SIA and IOTA into their network, but honestly they don’t really need to since the safe network will have it’s own decentralized computing.
Overall MAID project is much more massive and farther along in development.
Remember MAID has been around since before bitcoin. David Irvine will see this project through.