Today I want to talk about IOTA coin. Is IOTA a sleeping giant?
The Internet of Things IOT is next layer of the internet where devices and machines can interact with one another without the need of human intervention. IOTA uses a technology different from blockchain called "The Tangle". The Tangle promises to be have no fees and to be more efficient than blockchain technology. While it's not clear if the Tangle tech is better than blockchain, IOTA coin is positioning itself to be the industry standard for the IOT. If successful, the value of IOTA might surge.
What do you think? Leave a comment below.
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The only thing wrong about iota is the massive number of coins.
for the network to work, it has to have a massive amount of coins.
I think Iota only has about 33% more "coins" than Bitcoin. It's better to think of an Iota as on the same magnitude as a satoshi (not exactly though).
agreed
Thanks for the breakdown CC, I'm still on the fence but definitely interested. Will be interesting to see what happens w/this one.
I certainly feel that IOTA is an interesting piece of tech. It's at a price now where a small investment could have a huge return in a couple of years. I think it's worth considering a bit more.
If you ever wanna talk crypto hit me up @jhcooper7
Bought a few MIOTS just as they came out on Bitrex then got SAVAGED by whales dumping. Learned a valuable lesson though so it's all cool. Maybe one day it'll BOOM!! X
I disagree a bit. Circulating Supply is way high. If it does take off, it will take some time. But this article shows it might be good news.
https://steemit.com/cryptocurrency/@jrose1010/bitcoin-dominance-chart-and-analysis
Valid point. Thanks for you reply. You're not the only one questioning supply but don't neglect that at some point large amounts of inexpensive disposable devices could be connected to the IOT.
Wayyy over-priced for now but I've got my eye on DAG's long-term, however. No fees blockchain-less, blockchains will eventually win.
YES
yep
It is a interesting idea but I am very skeptical of IOTA clients getting installed on IOT devices in enough numbers to sustain the network
I hope it is!
I tried to install IOTA on a Raspberry Pi but I couldn't quite figure it out. I think IOTA needs some more development/clarity but the concept is solid, it's unique and so it should have a much better shot at success than most of the vapid overpriced ICOs.
I admit I had trouble installing the IOTA desktop wallet but the mobile version works fine.
I most likely going to be invest some into iota. Thanks
Maybe in about 50 years this coin will be booming pretty sure by then IOTA will take over the planet I will be dead by then.
IOTA maybe a sleeping giant, but I have a feeling that it's not going to awaken for many months if not years.
I sure hope so, because I am all in on IOTA. Didn't even panic sell when it went from 55 cents to 36 cents.
This post received a 4.8% upvote from @randowhale thanks to @champagnecrypto! For more information, click here!
Its a booming coin in my mind - I like the fact that its an independant opensource system to manage the internet of things rather than use clsoed source systems provided by Google, Apple etc
Resteemed, upvoted and shouting out to Satoshi's big cousin! Keep up the good work, brah.
Holding for super long term. This can be huge when independent developers start using it. I already see programmers starting to play with it. There IOTA based exchanges in the works. Trading without fees!
I wrote a post about it a while ago. I don't thin IOTA will make it.
https://steemit.com/cryptocurrency/@valderrama/iota-will-not-last-because-it-will-not-get-collectively-adopted
I think it is a sleeping giant, who is wakin up a little in the last few days. I think next year should hit 50 $ , but yeah the only bad thing is that it has so big number of coins.
Anyway, nice post and keep writing! You have new follower!