All credits to: Cryptovest.
Among the hundreds of blockchain projects, there are a couple that do not rely on the same data structure. IOTA is the older project, building a “directed acyclic graph”, also known as the Tangle. IOTA had troubles implementing its solution, and has yet to prove the value of the DAG as suitable for the Internet of Things.
But now, a competitor, formerly known as RAI Blocks, is about to test the potential of the DAG structure. Rebranded to Nano, the project is unrolling an iOS wallet soon. The Nano network would have to prove its robustness.
“The real concerns within the community is security and if the block lattice can hold up to various complex double spend attacks,” commented Redditor RustyHan on the Nano thread.
At the moment, the Nano project is aggressively expanding, and has already faced limited wallet troubles, as well as withdrawal problems from exchanges.
— NEM (@NEMofficial) February 7, 2018
Still, the Nano (XRB) market price has risen along with the markets, up more than 50% in a day, to $11.49. Binance trading becomes a factor for the XRB price as well.
— NANO News And Views. (@NANO_NEWS247) February 2, 2018
As for IOTA (MIOTA), the project has passed its peak spike, and for now remains out of the spotlight. While MIOTA touched $5, the current price hovers below $2. MIOTA still grew by more than 30% in 24 hours, to $1.77.
The biggest advantage for the two projects are that they are the first ones, with very few copycat projects attempting a similar solution. At the moment, Nano is more focused on becoming a payment system, through its “blockchain lattice” structure, but users are comparing it to IOTA for its capabilities to perform zero-fee, small-scale transactions.
At the same time, IOTA relies on the technological world getting used to its model and testing it more extensively. At the moment, IOTA has the advantage of size and a longer history.
Yet both coins at this point, while promising for the future, are still young projects, with the potential for losses due to yet-unpredictable forms of attacks.