Comparison-iota

= Comparison of Byteball and Iota =

Quick bullet-point comparison
= Byteball =
 * First cryptocurrency with DAG-structure to trade on exchanges, 2016 late December.
 * Does not require proof-of-work
 * Decentralized, not fully trustless. Has 12 witnesses, trust required that majority will not conspire together, users select and can replace witnesses see Witness
 * Fair, open initial distribution by proving BTC ownership, spanning a year
 * Has fee, the amount of data to store in the network is the amount of currency, bytes, to pay. To store a transactions costs about 520 bytes, full nodes and witnesses colllect/split the fee.
 * To pay for goods/service of value 52 000 bytes, the fee would be 1%. Bytes are traded in 1 000 000 000 (1GB) as of (June 2017), total supply is 1 000 000 000 000 000 or  1 petabyte . For todays price of $700 for 1GB, the fee of 600bytes (high estimate) is $0.0004. For fee to be $0.4, the price of 1GB would be $700 000.
 * Declarative smart contracts, oracles, user-defined (private) assets, immutable data-storage.
 * Community effort, no organized businesses, foundations.
 * Uncensored, unmoderated communication channels.

= Iota = A few useful technical discussion links,
 * Began as idea/ICO in 2015, trades on exchange 2017 July.
 * Requires Proof-of-Work
 * Zero-fee, the transaction is payed for by expending compute-resources doing Proof-of-Work.
 * The data-structure DAG also sometimes called Tangle
 * Total supply is 2 779 530 283 277 761, traded in (1 000 000, 1Mi).  2.779 petaiota.
 * ICO, over-the-counter trade before exchange.
 * Developer releases mark milestones as checkpoints in network.
 * Has foundation, which has wide business connections and signed partnerships.
 * Censored/moderated communication channels.
 * Not yet (2017 July) decentralized, has Coordinator/Proof-of-Authority.

https://www.reddit.com/r/ethereum/comments/6h2jut/have_ethereum_devs_considered_tangle_dag_instead/

https://www.reddit.com/r/Iota/comments/6h3sc8/what_are_the_cons_of_iota/

Some points of comparison by Tony from Altcoin Spekulant Oct 6, 2016 interview: This "comparison" page main author: @portabella at the  Byteball slack

---copy/paste from Wayback machine