Know your currency: IOTA

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2018-01-04
Photo: IOTA, Internet-of-Things cryptocurrency
Know your currency: IOTA

IOTA has 3 huge advantages over the rest world famous cryptocurrencies:

  1. Scalability
  2. Decentralization
  3. Small commissions

Unlike Bitcoin, which is created on the Blockchain platform, IOTA uses the Tangle architecture, which has an acyclic graph like DAG. Tangle solves all the problems associated with the transactions that Bitcoin faces or faced before Seg Wit  (and most other cryptocurrencies). In order to organize effective and transparent work, IOTA uses the POW (proof of work) that approves two transactions.

IOTA eliminates the creation of mines and makes the system 100% decentralized. Those who have transactions are the only persons in the system. (Unlike Blockchain, which quality and speed of work slows as the numbers of users increase). This technology is incredibly promising and scalable for a large number of applications.

The platform is in beta testing since 2015. But by 2018 the platform will participate in the transaction almost without commissions and in real time.

Moreover, the developers of IOTA are incredibly active in the search for investors and potential projects. They cooperate with the German parliament, Norway’s largest pharmaceutical company, car companies, Stanford and many other companies and institutions.

Tags:
CRYPTOCURRENCIES
  • bitcoinBitcoin$5,073.00
  • ethereumEthereum$163.38
  • rippleXRP$0.332178
  • tetherTether$1.00
  • eosEOS$5.31
  • stellarStellar$0.116287
  • litecoinLitecoin$78.66
  • cardanoCardano$0.081138
  • tronTRON$0.026522
  • moneroMonero$67.47
  • iotaIOTA$0.328607
  • nemNEM$0.065599
  • dashDash$127.70
  • neoNEO$11.28
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