Here’s the Deal
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When comparing Monero vs IOTA, the Slant community recommends Monero for most people. In the question“What are the best cryptocurrencies?” Monero is ranked 1st while IOTA is ranked 10th.
Ranked in these QuestionsQuestion Ranking
Common Questions
Other Questions
Pros
Pro Private by default
Pro Anonymous
Anonymous. More info here.
Pro Fungible
Pro Supports .onion nodes
Pro Decentralized
Pro No Pre-Mine or founders fee
Pro Anonymity - Coming Soon
Anonymous Transactions and messaging is on the roadmap!
Pro Fully Decentralized
Cons
Con Can be sometimes slow
GUI client does not allow setting higher fees.
Con Centralized
IOTA is currently partially centralized due to its "coordinator" which is expected to be soon removed.
Con Unproven consensus mechanism
The new consensus mechanism is unproven against attack. Mana can be rented.
Con Not as Secure
It is arguably not as secure as other cryptocurrencies like NANO.