IOTA News
IOTA Reddit
- GERMAN: IOTA Verkauf December 2, 2024Hallo, ich habe mal vor Jahren über Bitpanda IOTA gekauft (Altbestand in Österreich). Jetzt möchte ich sie demnächst verkaufen und möchte es nicht bei Bitpanda machen, da Bitpanda automatisch die KEST abzieht. Ich würde somit Steuern zahlen, die ich nicht muss. Wo ist es einfach und vor allem sicher IOTA in EUR / USD zu […]/u/syncro1982
- Just sharing great news: IOTA is on CoinRabbit lending platform as a reliable and innovative crypto asset! December 2, 2024https://x.com/CoinRabbitLoans/status/1837095041703039394 submitted by /u/CoinRabbitFinance [link] [comments]/u/CoinRabbitFinance
- The IOTA Rebased Governance Voting is now open! Check out the link to vote now. December 2, 2024submitted by /u/TSDias2 [link] [comments]/u/TSDias2
- Help about password December 2, 2024hi everyone , i never changed my password but the firefly telling wrong password, how can i fix it? submitted by /u/sevenvironment [link] [comments]/u/sevenvironment
- Is the Firefly wallet still working? December 2, 2024Had there been any additional migrations or anything since then? submitted by /u/99problemsIDaint1 [link] [comments]/u/99problemsIDaint1
- Staking on Firefly December 2, 2024Can someone please explain how to stake on Firefly (softwallet on Mac). 🙏 submitted by /u/Grid-down [link] [comments]/u/Grid-down
- Need to migrate IOTA from 2017 wallet. Am I totally screwed? November 30, 2024Hello. I'm one of the "mythical" early holders of IOTA, as in the original IOTA wallet, before firefly and all that. I originally hesitated to migrate over because when the new wallet came out years ago, people were having issues. I got worried, but felt my stuff was safe in the wallet, and then kind […]/u/CitizenCrab
- Do not remember where I stored my IOTA on my Ledger. Please help! November 27, 2024I do not recall where I had stored my IOTA back ~2017-2018. Is there any way I can retrieve/locate it? It was on a third party website linked to my ledger but I dont remember the site. Any ideas? Please help. submitted by /u/YaLintLicker [link] [comments]/u/YaLintLicker
- Will the coordinator ever be removed? November 27, 2024I know this is being asked since 2017 and confirmed all the time, see here one of the posts: https://www.reddit.com/r/Iota/comments/lpga7s/will_the_coordinator_ever_be_removed/ But to me, it seems like the IF has all kinds of weird priorities, but not this. Can that be? The following is PURE speculation and just drawing a possible scenario that I see having […]/u/BirdLooter
- Migration Tool fails due to insufficient funds, please help!? November 25, 2024I've only been able to migrate my funds from 2017 now, using the official migration tool: https://wiki.iota.org/get-started/tools/legacy-migration-tool/ but once i get to actually confirm it on the ledger the transaction fails when sending to the new Shimmer Stardust address, please help! Edit: Stardust instead of Shimmer https://preview.redd.it/ziv239ylc33e1.png?width=486&format=png&auto=webp&s=d02652da261d3306aa8abdc79f84cb350a4da971 submitted by /u/Criptogenio [link] [comments]/u/Criptogenio
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.
TEAM
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.
PRACTICAL USES
• 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.
MINING.
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.
NOTES FOR INVESTORS
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.
MUST READ!
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.