By traditional database standards, traditional blockchains like Bitcoin are terrible: low throughput, low capacity, high latency, poor query support, and so on. But in blue-ocean thinking, that’s ok, because blockchains introduced three new characteristics: de…
This means that IOTA in its current form does not provide any censorship resistance, since the path of the tree is centrally directed through a Coordinator node run by the IOTA Foundation. As such, IOTA is no more decentralized than an Apache Kafka cluster, or Ripple and their Unique Node List.
…ing that in its current form it’s not ready to run as a truly permissionless, decentralized system. Others have written about IOTA’s use of a trusted coordinator and asked about the incentive structure — whether users of their system have an incentive to converge the tangle if each acted selfishly.