Category Archives: IOTA
IOTA has a major difference from other cryptocurrencies: there are no blocks, no chains, and no miners. The IOTA platform is a revolutionary, publicly distributed ledger built around a new data structure called “Tangle.” As the name implies, instead of a chain of blocks, the structure is more like a web.
To make a transaction on Tangle, the user has to actively participate in the consensus of the network by approving two past transactions. Thanks to this unique architecture, IOTA can offer unlimited scalability, true decentralization,.
IOTA is a cryptocurrency created specifically for the Internet of Things (IoT). A little background: in the next seven to eight years, an estimated 75 billion devices will be connected to one another via the Internet.
Each of these devices will interact to make the world a better, more seamless place for us. To enable this interoperability, IoT devices must be able to do micro-transactions to pay one another in a frictionless manner. These micro-transactions are the raison-d’être of IOTA.
The technological breakthrough.
The post How to Store IOTA – The Best Wallet to Send and Receive IOTA appeared first on Profit Confidential.
IOTA Price Forecast for 2018: IOTA Beats Ripple
A little-known cryptocurrency, IOTA, is suddenly the talk of the town. In just a few days, this digital currency jumped to the fourth spot on the list of most valuable cryptocurrencies in the world.
On its way up there, IOTA beat some of the prominent names in the game. Litecoin, Dash, and Monero were left behind as IOTA took a lead over them. Some tailwinds are working in its favor, which spell a bullish IOTA (MIOTA) price forecast for 2018.
IOTA and its token MIOTA had a grand slam victory on Tuesday.
The post IOTA (MIOTA) Price Forecast 2018: Price Hitting $10 Seems Imminent appeared first on Profit Confidential.
Why IOTA Prices Are About to Hit $3
A little-known cryptocurrency is making waves on major cryptocurrency exchanges. In just two days, this cryptocurrency jumped to the fifth spot on the leaderboard of the world’s most valuable cryptocurrencies.
The IOTA (MIOTA) cryptocurrency market capitalization has topped $7.8 billion, and is now closely trailing that of Ripple.
IOTA has also surpassed the market valuation of the more popular cryptocurrencies Litecoin, Dash, and Monero. Only Bitcoin, Bitcoin Cash, and Ethereum are the only other.
The post Why IOTA (MIOTA) Just Became World’s Fifth-Most Valuable Cryptocurrency appeared first on Profit Confidential.