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IOTA Price & Charts

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  • IOTA launches Access, for enabling pay-per-use functionalities October 1, 2020
    submitted by /u/bitdex [link] [comments]
  • [OWL WATCH] Waiting for "IOTA TIME" 28; October 1, 2020
    Disclaimer: This is my own arbitrary editing, so there could be some misunderstandings. Anyway, I hope this posting helps spread good spirits and transparency of IF in a positive way. Thanks for every contribution to this great journey. ​ ​ ​ ​ IOTA Foundation along with initial launch partners, Jaguar Land Rover, […]
  • Fighting With 1's and 0's: How Distributed Ledger Technology Could Disrupt the $500B Counterfeit Industry September 30, 2020
    submitted by /u/FinCentrixCircles [link] [comments]
  • IOTA Hack (how to proceed?) September 30, 2020
    Hello, I have heard about the hack. I'm using the Trinity Desktop Wallet 1.1. I don't know when I have checked my account last time. Am i safe? Am I'm fine if I just install the update? Want to avoid unnecessary KYC Thank you submitted by /u/Temporary_Image6917 [link] [comments]
  • IOTA Access on Reuters September 30, 2020
    submitted by /u/metaformose [link] [comments]
  • Introducing IOTA Access September 30, 2020
    submitted by /u/kriskriskriz [link] [comments]
  • [OWL WATCH] Waiting for "IOTA TIME" 27; September 30, 2020
    Disclaimer: This is my editing, so there could be always some misunderstandings and exaggerations, plus many convos are from 'spec channel', so take it with a grain of salt, pls. + I added some recent convos afterward. --------------------------------------------------​ 📷 Luigi Vigneri [IF]어제 오후 8:26 Giving the opportunity to everybody to set up/run nodes is one […]
  • Latest patent mentioning IOTA is related to computer-based gaming events September 29, 2020
    submitted by /u/AlfalfaWolf [link] [comments]
  • Improving Provenance Transparency with IOTA September 29, 2020
    submitted by /u/FinCentrixCircles [link] [comments]
  • IOTA vs. ADA value/data transaction September 28, 2020
    Today I found the following article about Metadata transactions with ADA. Is this kind of data transaction similar or comparable to IOTA's data transaction capability? submitted by /u/salexinas [link] [comments]

What Is IOTA ?

IOTA is a technology that allows transactions and communications of devices without fees. The full meaning is “Internet of Things Application.” IOTA is different from other cryptocurrencies based on the fact that, it makes use of distributed ledger called “Tangle” instead of the blockchain. Tangle ledger is designed to sort out transactions at no cost so that trading with devices can be done at zero fees and also store data securely at the ledger. The reasons given by the founders for not using blockchain is that blockchain cannot handle micro payments and cannot be scaled. IOTA architecture can allow both Micro and Nano transactions on their ledger. Another notable feature in IOTA technology is the decoupling of consensus from its’ token meaning IOTA does not need miners to operate. It is decentralized ledger that is self-regulatory.

David Sønstebø is the head of IOTA; David believes technology is the best way to improve the world from a practical point of view,
Notable names in IOTA team are David Sønstebø (IOTA founder), Dominik Schiener, Serguei Popov and Sergey Ivancheglo.
• It does Micro and Nano transactions, unlike other cryptocurrency’ blockchains.
• It is used for electronic voting because of its privacy functionality.
• It does mask messaging, and it is commonly used for intelligence gathering.
• It facilitates online trade transactions and other e-related business.
• It does any service that requires scalable ledger.
• It transfers data in a secured and transparent manner.
IOTA is different from other cryptocurrencies in many ways. There is no mining, it is already pre-mined, self-regulated and there are no fees. There are no blocks but uses Proof of Works(PoW). And as a result, we don’t have the incentive to earn money with mining at all.
IOTA’s rise in market capitalization can be attributed to two reasons. The reasons are:
1.Investors’ confidence in their revolutionary Technology: Many investors believe that their innovative technology can be a propelling factor, to dominate the coin market sensationally. They don’t use blockchain rather what, they called “Tangle” that works in a distributed ledger. The transactions are secure, and funds can be transferred at the speed of light. It goes on and on.
2. Bitfinex sole proprietorship of its exchange and their ban on US customers. Bitfinex is the only place where IOTA coins can be exchanged. Recently, Bitfinex announced its’ termination of service to US customers and the news created a lot of anxiety to investors and crypto market at large. Investors started withdrawing their funds from Bitfinex, and they also started buying IOTA coins in large numbers thereby creating artificial scarcity. The demand for IOTA coins became so high that , the price skyrocketed to an all-time high. The volume exchange for today is approximately $1.65m price market cap.
Financial analysts have predicted a continuous hyper-rise of IOTA coins to up to 20,000% within the next three months.

This little report about IOTA should not be seen as an endorsement to invest. Cryptocurrency investment is speculative, and it involves unquantifiable risks – the market is full of uncertainty, susceptible to attack and capital loss, and sensitive to secondary issues, time may do not permit to mention here.
Seek advice before investing.