The IOTA Coin Will “Definitely Be Among Top 3 Cryptos in 2018” says the IOTA co-founder Dominik Scheiner
Read through the whole interview with Rachel McIntosh as he explains the current situation and IOTA roadmap for 2018.
Currently according to Mr. Scheiner the IOTa is in infancy stage. The IOTA network had grew sufficiently to be able to self-sustainable. However the network is still growing and more participants are joining. Since it is in its ‘infancy’ stage the network may be susceptible to certain attacks and therefore a coordinator is still used to figure out which transactions are valid and which not.
This special node simply validates against double spend attacks and the idea is to gradually shutdown this service.
The Tangle is completely decentralized network with a lot of different mesh networks that are interconnected, each having their own kind of tangled version. There’s this interoperability between them, and through that we achieve this dynamic scale of the network.
The view is that IOTA has the potential to become the backbone of the IoT network, which really means a trillion dollar market capitalization. The opinion is that over the next year there will be a major consolidation in the projects that are relay delivering value.
Listen to the full interview: