Hello IOTA Community,
I “studied” IOTA for two weeks and I really like it, so I decided to join you,
but I’d like to know if I got everything right:
first of all: I understood what IOTA is, how it works, the technology,
the differences between IOTA and BTC/ETH and so on.
I downloaded and installed IOTA wallet, created the seed I need to
log in it and I chose the light node mode, but:
- first question: light node, if i’m not wrong, is a way to not download the entire tangle (something
like avoiding to download the entire blockchain of ethereum), right?
- Second question: when I visit http://iota.dance/live/ I can see the Tangle made of transactions,
but what are these transactions? Do they only represent the transactions of IOTA between users
or there’s something more I’m missing?
- Third question: Bitfinex is the only place where I can buy IOTA, at the moment, and to do this
I have to buy BTC/ETH first and then use it to buy IOTA (I read that the direct deposit of $ is
temporarly not permitted). Am I right?
- Fourth question: from my IOTA wallet I can send and receive “money”. In the first case I just
have to fill the form with the coordinates of the receiver, but what if I’m the one receiving? I just have
to give the address generated from my wallet and then connect to the Tangle? My actual balance
is 0, I never received or sent anything, so I’m quite lost about this step.
Sorry for the noob questions, I guess I’m not the first one to ask them, but I’d like to hear someone
telling me if I’m right or not.