A lot of people right now must be wondering “What is IOTA?” The answer isn’t as simple as one might think, but essentially IOTA is a cryptocurrency using a technology called Tangle, instead of blockchain technology.
Essentially, it allow for feeless transactions, as users verify transactions by performing a low difficulty proof-of-work (PoW). Scalability, security, and confirmation times aren’t a problem for Tangle, as its feature make it better when more users adopt it.
The cryptocurrency recently surged to the billion dollar club, having a $1.5 billion market cap. According to some users it’s been in development for over 1.5 years, but was only now ready for mainstream adoption.
Bitshares, our esteemed cryptocurrency, is also about to join the billion dollar club, as it’s market cap is currently at $878.39 million, with each token being worth $0.33. Meanwhile, Ethereum Classic (ETC) surged to #5 in the top crypto’s list, as its Twitter account recently pointed out that ICOs are coming to Ethereum Classic.
Keep in mind, ICOs are part of the reason why Ethereum is almost overtaking Bitcoin as the #1 cryptocurrency.
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