Photo credit: coinspeaker.com
Many of us have heard of IOTA coin but we found it hard to buy some for ourself. Yesterday 13/06/2017, IOTA finally opened it arms to the world of cryptocurrency. It starts to trading on bitfinex.com. Many persons begin to rush to buy these coin despite the fact that It was around $0.60 yesterday.
What amaze many cryptocurrency trader like me is that it hit 1.5 Billion cap. That is huge for a new coin. As of today, IOTA coin is the 6th on coinmarketcap.com. Many believe it will surpass Ethereum classic and Nem.
What is IOTA (IOT)?
IOTA is the first distributed ledger protocol that goes 'beyond blockchain' through its core invention 'Tangle'. The IOTA Tangle is a Directed Acyclic Graph which has no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network; instead, the throughput grows in conjunction with activity in the network; i.e., the more activity, the faster the network. Unlike typical blockchain architecture, in IOTA there is no separation of users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization.
We shall wait and see the future of IOTA.
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