The Etherium IOTA Squabble

Source : The Etherium IOTA Squabble
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Though both fall within the cryptocurrency bracket, and are vastly different technologies. operates upon their blockchain while has attempted to go beyond the block and use a different system based on what they call the “Tangle, a version of the DAG protocols.
The Future of Two Protocols
This difference is seen by some as a deciding factor for the future of cryptocurrencies in general and, due to the importance of its nature, has started a bit of a feud between the heads of and via twitter.
This started back in September when one of the core developers of Etherium, Nick Johnson, wrote a piece describing his issues with . He raised points such as ’s use of non-binary logic in a binary computing world and went so far as to call them a “bad player” on the open source scene.
However, just a couple months later, a partnership between , Cisco, Volkswagen, , Fujitsu, and Samsung to name a few, has formed to create a data marketplace. The news caused a few twitter I-told-you-so’s to be directed at Nick Johnson bringing up his article.

Welp? Apparently , Bosch, Fujitsu, Samsung, etc. are disagreeing with you, devs. @nicksdjohnson Deeply alarming, ehh?# #iotatoken # #LOL https://t.co/Oa3lAEshEi
— Ngoc Ha (@ngoc_ha_95) November 28, 2017

When this so-called rivalry first started it was pretty low-key and relegated mostly to disagreements between developers, however as of this announcement the founder of , , has jumped in giving a fairly hostile statement regarding and these big companies endorsing .


, for the most part, has stayed out of the fray and allowed their followers to do the talking for them. However, they did recently take part in a Q & A Session at The Next Web where a number of the questions revolved around their thoughts on and the difference between the two technologies.
Heading Hofstadter’s Law
For the most part, their digs at were quite civil, but a question raised by a TNW user brought their real thoughts on the crypto to the surface. The user speculated on IOTA’s claims to take care of problems that could not as well as if ’s solutions are genuinely viable.
David Sønstebø, IOTA’s founder, responded with a bit of technological venom in kind to this question:

“I do not believe can solve the same problems, simply because in order to do so they would have to revamp their entire architecture to the point where it would no longer be , and I don’t think the miners or eventually stakers would ever vote ‘yes’ on a proposal to kill their profits after their heavy investments. is an interesting project, but they have a tendency to make very lavish claims and never deliver on deadlines. Hofstadter’s law needs to be kept in mind, of course, it’s hard to deliver on time, but isn’t even PoS yet.”

For the rest of the interview, they remained adamant about their Tangle’s improvements over current blockchain technologies, and seem to have sound reasoning to back up their statements.
The full interview is available here for those attempting to hedge their bets on which technology will be right. At the current rate, it seems like there might not be enough room for both of these techs in the existing ecosystem.
The post The Etherium IOTA Squabble appeared first on BTCMANAGER.

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