Here’s the Deal
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When comparing Primecoin vs IOTA, the Slant community recommends IOTA for most people. In the question“What are the best cryptocurrencies?” IOTA is ranked 10th while Primecoin is ranked 17th. The most important reason people chose IOTA is:
Anonymous Transactions and messaging is on the roadmap!
Ranked in these QuestionsQuestion Ranking
Common Questions
Pros
Pro Scientific Research
Helps find more prime numbers. It also helps prove that they are random.
Pro Gets Harder to Mine Over Time
Pro Anonymity - Coming Soon
Anonymous Transactions and messaging is on the roadmap!
Pro Fully Decentralized
Cons
Con Traceable
Not anonymous, transactions are easily traced.
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.