Questions tagged [microtransaction]

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4
votes
1answer
102 views

Do we need “micro-payment channels” for IOTA similar to Bitcoin or Ethereum?

Since IOTA transactions are free of fee, so do we need to setup a "micro-payment channels" similar to what we have in Bitcoin? (For example "The bitcoin lightning network" or "Duplex Micropayment ...
4
votes
1answer
65 views

Payments & Smart Contracts [closed]

Can I build a payment platform with escrow features (smart contracts), for free money transfers on IOTA?
6
votes
1answer
330 views

How much computing power is needed for the PoW?

I was just wondering how much computing power would you need for a single transaction. If we look into the future and think of all the small little sensors, they all would want to perform the PoW. ...
13
votes
2answers
230 views

How to provide an IOTA based service, considering the receiving address has to change on every withdrawal?

One of IOTAs main use cases is to provide a way for M2M (machine to machine) micro payments. Therefore services can be called by sending a transaction, including payload + funds, to a specific address....
3
votes
1answer
84 views

What happens with microtransactions if 1 IOTA = 1$ [duplicate]

I know it ist still far to go, but in the very long future when 1 IOTA is maybe worth 1$ how can we do microtransactions? Is there a possibility to split 1 the total amounts of IOTAs even more? I ...
8
votes
4answers
158 views

Why are microtransactions important or necessary?

I read about IOTA Data Marketplace and discussed it with my friend. One question stood out from our discussion that neither of us couldn't find an answer to. Is there (or will there be) an actual need ...