This cryptocurrency is up 1,000% in a month, and it’s not bitcoin or ethereum

 

Blockchain has the potential to transform multiple industries and make processes more democratic, secure, transparent and efficient, industry body Assocham had said in a recent report.

 NEW DELHI: One of the most extravagant predictions sees bitcoin at $1 million within three years. But that's a story for another time.

Bitcoin, undoubtedly the most talked about asset class today, has spurted over 1,500 per cent on a year-date-basis so far and over 115 per cent in the past one month.

But a little known cryptocurrency has put to shame the meteoric rise in bitcoin.

With a rally of astounding nearly 1,000 per cent in the past one month alone,  ..

 Announcement of partnership with major companies like Microsoft can be considered as one of the reasons for the recent surge in the prices of IOTA.

“We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative. This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers,” Microsoft’s Omkar Naik ..

 One cannot directly buy IOTA in India but can exchange bitcoin for IOTA on couple of websites including Binance.

IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.

Back home, The Reserve Bank of India on Tuesday reiterated its concerns about Bitcoins, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.

The Central Ban ..

Read more at:
//economictimes.indiatimes.com/articleshow/61976303.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst