Hey guys, your friendly Daytrader.. Frogtron here!
I've recently noticed during the Bitcoin Cash flip that IOTA has grown considerably on it's own.
For those who are not informed..
IOTA use's a concept called the Tangle instead of a blockchain. The Tangle is great due to it's capacity for higher scaling as well as a higher volume of transactions being mined through a type of Peer to Peer concept.
In other words, Tangle uses a type of (ToR) system allowing for multiple transactions to be made at the same time without having to wait for mining times
With the recent problem of transactions being spammed on the blockchain, freezing a lot of assets in BTC, Forcing people to pay 10USD$ fee's in order to transfer they're funds.. IOTA is looking like a great compromise.
The way i see it, Bitcoin is like the Money Wiring system. Would it be worth paying 25USD$ to transfer 10'000USD$ over seas? Probably.
Would you pay 25USD$ to wire transfer 50USD$ over seas? Most likely not.
In my opinion, IOTA has great potentiel in being the tiny transactor for our crypto needs.
Hopefully these times come with great profit!
Happy Hodling!