IOTA Cryptocurrency - some people call it Crypto 3.0steemCreated with Sketch.

in #altcoin • 7 years ago (edited)


click on the image above to check the video

IOTA is a cryptocurrency that does not run on a blockchain. It has a different decentralisation method - the Tangle. There a several advantages to that such as no mining necessary, infinite scalability and no fees. The economy is coming to the Internet of Things!

How the IOTA wallet works is a bit different:
1- one needs to download it
2- there is no standard user and password to access it
3- a "seed" which is a 81 character string replaces the user + password
4- be very careful on how you generate and store your key. Do your homework!

WARNING: do not used online seed generators!! there where recently millions of IOTAs stollen because some users have used seed generators that were compromised.

checkout here how to create a safe seed:
https://iotasupport.com/gui-newseed.shtml

The purpose of this post is simply to increase your awareness to IOTA. There are tons of videos and other post already explaining how to set it up and how it works.

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7 years ago in #altcoin by
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