IOTA 2017-12-21T19:03:51+00:00

IOTA

IOTA is an Altcoin of the 3rd generation and is currently ranked 4th in terms of market capitalization

The token solves the problems of blockchain technology as the transactions are arranged in a form of tangle,meaning that each transaction confirms two previous transactions.

Therefore blocks do not have to be processed further and the transaction fee is no longer required. At the same time, the Tangle technology offers the same security as a blockchain. IOTA could therefore clearly be superior to all other coins.

The advantages of IOTA are due to the tangle’s high scalability, the non-existent transaction costs as well as the possibility of carrying out offline transactions.

As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

In addition, IOTA definitely has monetary characteristics (limited, as there is no built-in inflation) and could become the payment system for the “Internet of Things”, in which machines and automated systems operate and run business with each other in the future.

In our opinion, IOTA is one of the most promising Altcoins. In addition, the industry is starting to become more and more interested in this token.

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