What is IOTA in a Nutshell

0:00 Introduction
0:48 Iota Key Features
1:41 Iota Uses Tangle, Not Blockchain
1:45 Easiest way to understand Tangle
4:43 Internet of Things! (IoT)
6:14 Iota = Skynet?
7:33 Quantum Proof
8:23 Supply of Iota
8:39 Miota VS iota

💪Donations:
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NEM: ND6WRNN2W2AZLON65EGI3Y46M4TWP3HNKSB4BGW2
Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s

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♨️Social:

[ec]

I was a bit confused about IOTA and you definitely made things more clear. Thanks man, seriously appreciate your content

[Fabiand]

The thing you talk about at 7:00 is actually freaking me out. If we take a look at how Artificial Intelligence and how its developing and IOTA just perfectly fits into how machines can interact and trade with each other, this could be another step on the way of the domination of machines

[joaodecarvalho]

It reminds me Google, that arrived late in the party and dominate everything. Maybe the next big crypto is still in the garage.

[scoops]

I think IOTAs unique technology makes it the only crypto on the market that can face the load of true mass adoption. Speculation can pump prices of any crypto but in the long run the best technology and adoption will be what makes a crypto win. I'm invested in IOTA - I plan to look at my investment again in a years time.

[whatthefunction]

This is huge and everyone hates it. Great buying opportunity.

[Ruth_Heasman]

Iota seems like it could change the rules of the game to me. The tangle seems to better represent how data is structured in nature than blockchain does, so intuitively it sounds like it should be more efficient, but I guess time will tell. When I heard about it it reminded me of neural nets, where the strength of the connections is as fundamental as the transactions (memories/thoughts) themselves, i.e. The actual structure of the data itself contains information, which is perhaps why brains are so intelligent. It seems like this way of structuring data could have applications well beyond just machine to machine transactions....so I bought some. Interesting times we're living in. It makes the idea of the singularity not seem so outlandish.

[NightOwl]

The teacher analogy was actually so good! You could easily use that to explain blockchain and tangle to someone who never heard about it.

[hvbris_]

IOTA is a game changer imo, especially because it has no tx fee

[laranafutbolera]

I got many questions. If it is not mined I understand that all miota units already exist right? Then who has them? Is it not a case where the developers have kept basically all the coins and they are fixing the prices at the price they want (Or can they do it) so how is it distributed? And the most important thing if there is no fee who is interested in the maintenance of the security of the Tangle net and who is it? I've read something about a central coordinator and that is pretty much anti crypto as ripple. They say its going to be removed but when and who is going to be the organizator then? and how will the tangle network work then? And why is there a need for a centralized coordinator right now if every user checks every other users transactions? And the last question why is it only in Bitfinex and not in others exchanges this makes me suspicious about it, just like Eos that is only in Kraken and they look as the 2 more gamechangers cryptos for the coming future.

I expect for your answers. You are the best youtuber about cryptos with huge diference. You explain things amazingly good.

Someday you have to tell us what do you have in your cryptofolio and why :D

Btw what do you think about Blocknet? you don't have any video about it!

Thanks again

[okiave]

FYI your the best youtuber in crypto world that can properly explain projects w/ context. keep it up.

[ThaBelgica]

So with this Tangled system there are no fees becuase you have to check 2 other transactions. But does checking (and validating? ) those 2 other transactions not come with a cost?

[B]

Can someone please explain to me who owns all IOTAs? since all volume is generated in the start it's confusing. With blockchain I know miners are those who generate new coins, but here all coins are already made, so who owns them in the start?

[nanuqcz]

What about transactions history? Is it stored anywhere? In 10 years from now, can anyone find out what transactions were made today in IOTA / Tangle ?

[adriancabal]

How would a person using a regular laptop or smartphone validate transactions (POW)? Doesn't it require a lot of cpu power (such those of mining rigs) to validate transactions? I hope someone can clarify this.

[BennoSix]

wow ur subscriber base seems to grow 1k per day now.:D u deserve it keep going

[logmeinwtf]

So you verify 2 transactions to do your own transaction? So that means that every transaction will only have two (initial) verifications? Wouldn't this allow two people to try to redirect other peoples transactions?

[flowstate]

Where can I buy Iota? Is it listed on an exchange? If not, is there a local wallet I can use with Shapeshift?

[ozkanb]

9:50 I don't understand what you are saying there. If I plan to invest $300 in this. How can I get ripped off? This is how investment works? EDIT: I got it, I need to be sure that the currency is MIOTA and not IOTA right?

[applezauc]

So how much IOTA am I supposed to be looking at if I want that value you mentioned? thanks

[JethroYSCao]

How does new IOTA get generated if it does not need to be mined? Or is it still mined? Just not done via the normal hash puzzle solving procedure of blockchains?