The Internet of Things (IoT) is a new industry that is just beginning to integrate into the daily life of society. People don’t know much about IoT, but they talk a lot. In this article we will look at the IOTA project, which seeks to make a significant contribution to the development of the Internet of Things.
Key Points:
IOTA is a project designed to develop the ecosystem of the Internet of Things. The Internet of Things assumes that any objects equipped with a computer interface can interact with each other due to built-in technologies without human intervention. IOTA allows you to combine all devices into a single network and ensure that any tasks are performed within this network. The new cryptocurrency has completely replaced the blockchain with the unique Tangle technology. It differs from the blockchain in the structure. There are no blocks, chains and miners in it. And from this it follows that there are no transaction fees in IOTA.
Now there are only local cases of the “Internet of things” — for example, smart apartments with automatic regulation of heating and light. These are small autonomous “islands”. In the future, such apartments can be combined into houses and entire “smart cities”. Therefore, it is safe to say that IOTA is a project with brilliant prospects.
Speaking of the price of MIOTA, the project is not having the best of times. To date (March 21, 2022), MIOTA is trading at about $0.7. The record value was recorded on December 19, 2017 and amounted to $5.69. In 2021, when most cryptocurrencies updated their price highs, the maximum value of MIOTA was only $2.5. Perhaps the society is not yet ready to accept such an innovative project. After all, most have not yet fully understood what a blockchain is, what can we say about more sophisticated technologies. In addition, the credibility of the project was significantly undermined after an incident with a hacker who was able to steal MIOTA worth $3.94 million in 2018.
The sale of MIOTA can be beneficial if you want:
In order to sell or buy MIOTA, the user needs to select a platform and check whether it supports transactions with fiat currency. In addition, it is strongly recommended to study the rating, supported fiat currencies, fees, and the exchange rate provided. If you value your time, you can use Fiatom. We will do all the work for you. Just follow the instructions below:
If you want to buy MIOTA, the essence remains about the same:
The technologies that the platform uses are promising. However, coming up with a good idea is not enough for success. It is important to implement and optimize it correctly. But the execution is still imperfect. Almost immediately after the start of the project, a serious vulnerability related to transaction confirmation was discovered. In addition, the trust of users has significantly decreased due to the history of a phishing attack. However, despite all the previous problems, the project is actively supported by developers and is improving. If the network and its technologies become more advanced in the future, this will give a new incentive to the growth of the popularity of the coin.
Ripple and XRP are set to revolutionize the XRP Ledger (XRPL) by introducing smart contract…
Introduction to SUN Token Launched in 2020, SUN Token was designed to boost the expansion…
The IOTA Foundation has proudly announced the successful completion of the final stage of the…
Among sellers and moderate investors, there is a lot of discussion about cryptocurrencies with low…
MakerDAO, the pioneering force in the DeFi ecosystem, has embarked on an exciting new chapter…
Introduction to TON Coin TON Coin was established in 2018 as the native cryptocurrency of…