As bears still have their saying in the wider-monthly picture, bulls have been taking the upper hand in the weekends very often now. Many crypto-enthusiasts and traders are already thinking what to buy as soon as the red-era of sell-off is done keeping in mind that according to crypto-history it is not going to last long. So, the main question would be – with what in our portfolio are we going to ride our wave upwards and IOTA is not looking bad at all.
Various analysts do support the idea of only caring about crypto-s as a price/unit and not the product/service or solution that it delivers. However, if you are looking for a well-cemented long term choice, the project that has a crystal clear vision of the future would be wise to go as it will turn out just good.
First of all, IOTA’s development idea and project obviously is of crucial importance. The project is considered by many as crypto 3.0 or the cryptocurrency of the next generation as it has gone past existing problems that various blockchain-based coins are dealing with and struggling on a daily basis.
Created and designed under the well known mathematician Serguei Popov – IOTA is backed by a system-network called Tangle which introduced a unique distributed ledger tech to the ecosystem.
For the system to function properly, there is no need for miners to complete transactions as the network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested.
The Tangle is capable of sustaining an infinite amount of transactions for literally no cost, supported by the users of the network themselves and not by miners.
Created specifically for machine economy, interactions and payments, MIOTA is IOTA’s main product as the system’s token currency. Soon to be supported by the Deutsche Bank – who added that IOTA runs under the future of world-economy. RBVC or The Robert Bosch Venture Capital has put down its first investment [and a major one] in distributed ledge technology – more precise in IOTA, according to bosch-presse and other sources close to both of them. Another cooperation has been declared with IOTA – the Berlin based cryptocurrency start-up at the Connected World conference with Volkswagen. The main reason running the movement is that the future of smart cars [connected] could be decentralized technology.
Taipei city has included The IOTA Foundation in its project and team as support for reaching the ideal smart city goals.
The target is to add IOTA’s network structure [the ledger technology] for which it is known – Tangle, for a way to find what are open doors for meeting the Smart City Living Lab needs through various projects.
To continue accordingly, The Dutch Government, The German Government, The Government of Taiwan, Microsoft, Orange, Samsung and Fujitsu are just some of the names that are involved with the IOTA project.
Do you we know any other distributed ledger technology powered company that is backed by industrial titans of this scale, governmental institutions, and even central banks?
Per time of writing, IOTA [MIOTA] is trading just above $1.00 [$1.02] against the US Dollar with 4.73% gain in the last 24-hours, that being the highest among the top ten cryptocurrencies by market capitalization.