“Wow, if
I had invested $1,000 in Bitcoin last week, today I would have... still no idea
how Bitcoin works.”
Stephen
Colbert
The virtual network created for the Internet of Things [IoT]
– IOTA, as you may know, had a recent value upward rocketing for their token
MIOTA against the US Dollar. On the cryptocurrency list by market capitalized
it swung up to the fourth place, surpassing Ripple to take the #4 spot among
cryptocurrency market caps.
The co-founders of IOTA – David Sønstebø and Dominik Schiener confirm: “IOTA has been under intensive development for over two years and has not spent any money on marketing. In this time our focus was on making this next generation distributed ledger technology a reality. In this period we refused exchanges listing IOTA in order to ensure everything was working properly before it went to market.”
The recent price explosion has come on the news of a major agreement being signed with Microsoft, Fujitsu, and others for business-to-business data sharing. In the past 48 hours the price has steadily increased at exponential rates, settling around $4.60. This is why we believe that the Miota token have the legs to become one of the top contenders for the Market-leading Bitcoin currency.
Are we Moving beyond Blockchain?
IOTA is famous for its ‘Tangle’ system - a platform of
interconnected user nodes that both validate and create transactions. The
system is brilliantly designed to allow users to create transactions simply by
validating, meaning that all transactions are secure, immutable and absolutely
free!
Because the system allows for zero transaction fees, it has
great potential for the data industry since micropayments for data among
businesses cannot be suitably handled by legacy Blockchain technology systems.
Days before a major futures product launch, bitcoin suffered
heavy losses. On Saturday 10 December the Bitcoin Cash Price correct around
$13,000 after a nasty upside ride above the $17,000. It really proved to be a
red weekend for Crypto currencies as
The interest in the technology will likely continue to grow
as the need for scalable free transactions grows as well.
0 comments:
Post a Comment