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re: Official CryptoTalk Thread
Posted on 6/13/17 at 2:20 pm to jondavid11
Posted on 6/13/17 at 2:20 pm to jondavid11
quote:
So answer this if you can. Am I correct that now with IOTA there are two competing similar processes?
1. Etherium which is blockchain and has fees associated with it (Ether)
2. IOTA which is NOT blockchain but a different system called Tangles and it has ZERO fees associated with it.
ETH does smart contracts and aims to be the world computer. IOTA will just be the settlement layer for everything (potentially a universal currency and data transfer layer). Still things on the roadmap that may more directly compete with ETH though.
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