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IOTA boss claims Bitcoin and Ethereum are not truly decentralised

coinjournal.net

The founder of IOTA talked about why he thinks that Bitcoin and Ethereum aren’t decentralised in a recent interview IOTA was created to tackle some of the biggest hurdles that blockchain faces in an attempt to fix some of Bitcoin’s perceived failures. IOTA uses an architecture it calls a “tangle” to validate transactions on its network.

According to Sønstebø, the tangle will allow IOTA to overcome some of blockchain’s biggest drawbacks, “You can have scaling, or you can have decentralization, or you can have a low cost. Despite offering an interesting answer to some of blockchain’s biggest challenges, it would appear that markets aren’t rewarding IOTA’s innovation yet.

Read in Full: coinjournal.net
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