8
votes
Accepted
Why are microtransactions important or necessary?
Paying an annual or monthly bill requires a centralized accrual system, which often accrues billing fees. This is one potential example.
Accruals and billing are made for humans to manage finances in ...
- 3,135
8
votes
Accepted
How to provide an IOTA based service, considering the receiving address has to change on every withdrawal?
M2M Payments
2 Machines: Alice and Bob
Alice wants to give 5 IOTAs to Bob
Alice sends an address request to Bob:
Depending on the kind of machines this can be achieved in various ways
via http GET: ...
- 4,459
4
votes
Why are microtransactions important or necessary?
Paying an annual or monthly bill is only possible when:
seller and buyer trust each other with the high annual amounts (buyer pays in advance but doesn't get data or seller sends data in advance but ...
- 4,459
4
votes
Accepted
What happens with microtransactions if 1 IOTA = 1$
This should be no Problem. Like pointed out in this answer, the devs will add smaller denominations and scale everyones IOTA accordingly to the new ones. So everyone will keep the same Value as before,...
- 123
4
votes
Accepted
Do we need "micro-payment channels" for IOTA similar to Bitcoin or Ethereum?
Yes, one reason is to accelerate transactions i.e. make almost instant transactions because no proof of work is required but they have a second advantage: offline transactions because one doesn't need ...
- 4,459
3
votes
Accepted
How much computing power is needed for the PoW?
A nonvalue transaction (sensors would most likely just pass data and not iota) is only a single transaction (attaching an address to tangle is also a nonzero transaction). My PC (with an i7 8th Gen) ...
- 791
3
votes
How to provide an IOTA based service, considering the receiving address has to change on every withdrawal?
Client ask to the service provider for a valid address. Service provider decide according it's own internal policy the address where this particular client can send funds (it can be a new one).
The ...
- 5,344
1
vote
how to get the latest Received message in one account?
You should list all received messages with account.listMessages(0, 0, 1) and then look at the timestamp to find the latest message
- 126
1
vote
Why are microtransactions important or necessary?
Another important point which isn't covered in the others answers:
You don't have to pay directly a high amount or later a high amount. As a company it gives you the freedom and ability to work with ...
- 840
1
vote
Why are microtransactions important or necessary?
The IOTA Data market place is currently just a demo. That said you are actually paying for a subscription to a data stream, not just per request. By paying you get the "frequency" or secret key for ...
- 1,099
Only top scored, non community-wiki answers of a minimum length are eligible