IOTA is supposed to be using a "Tangle" instead of a blockchain. There are no transaction fees, instead to get confirmation for your transaction, you have to verify 2-3 other transactions. It is targeting Internet of Things (IOT), hoping to be the way sensors and other smart devices report to each other and back to the main network. I bought some at $0.66, and they immediately dropped to $0.40, lol. I'm still going to hold them, but like others have stated, they have no actual use case right now, and all price growth is fueled by speculation.
IOTA is supposed to be using a "Tangle" instead of a blockchain. There are no transaction fees, instead to get confirmation for your transaction, you have to verify 2-3 other transactions. It is targeting Internet of Things (IOT), hoping to be the way sensors and other smart devices report to each other and back to the main network. I bought some at $0.66, and they immediately dropped to $0.40, lol. I'm still going to hold them, but like others have stated, they have no actual use case right now, and all price growth is fueled by speculation.
The drop before the bounce bro! Its gotta be a good investment if it becomes IoT standard.
Cryptocurrency is volatile now. Maybe it will be pumped tomorrow. Good luck ,man lol