Brief review of IOTA

in #iota7 years ago


IOTA is one step forward comparing to other cryptos in blockchain

Directed acyclic graphs (DAG) is used for machine-to-machine(M2M) transactions. They termed it as Tangle. It is different from Blockchain as it doesn’t require block and chain. In simple terms, Tangle completely removes transaction fees. Being free from blockchain also means that it is highly scalable and requires no mining. So iit't kinda like Tangle Tech vs Blockchain.

So, how are the transactions confirmed? The transactions are confirmed by two parent transactions or nodes in the network. This makes it easy to scale and require no blocks whatsoever. All of these enables sending micropayments between machines without any associated fees.

it's highly vital for future of IoT (internet of things) ecosystem to have a foundation of currency transaction, and it won't be practical unless this platform is fast in transactions, needs no mining, and free of fees...
later, we will face technologies of cryptocurrencies in vehicle2vehicle transportation or D2D easy processing or brucracies...IOTA will be the pioneer of support in these fields..

after 600% jumps in IOTA price, you can't miss the news anywhere in social media or news websites. It's a brilliant, lucrative opportunity for investment...
smart partnerships of microsoft will not be disappointing in any way..just as Ripple did prove itself (supported by Microsoft, IOTA will do the same again as it did...
It's already in the 5th position on coinmarketcap and shows certain powers in crypto market...

two interesting facts about IOTA
-It doesn't need forks like other cryptocurrencies, it doesn't grow this way..
-As it gets bigger, and as more nodes (users) join the network, it become faster, more secure, and optimized, and this way it guarantees its own scalability.

Price Prediction

even a conservative oppinion on IOTA price, agrees on gettin to 15 USD by the end of 2018. but it's not an investment or trading signal, logical move will be waiting for price corrections and buy low, or if you're not an expert, just consult and wait for signals, (this telegram channel may be helpful either, https://t.me/signalsforcrypto)

How to buy

It's available on Binance and Bitifinex. but:
How to store IOTA
As keeping your currencies in an exchange wallet is not logical by any means, we will recommend you to keep it in IOTA wallet.
follow us to learn more about IOTA wallet in our next post.

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