IOTA (cryptocurrency of the internet of things)

in #cryptocurrency6 years ago

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Source: https://pixabay.com/en/c%C3%B3digo-programaci%C3%B3n-el-amor-equipo-3078609/

IOTA is an open source cryptocurrency focused on the exchange of information and value between machines on the Internet of things.

This cryptocurrency is quite particular since it does not use the known Blockchain </ b>, instead it uses a technology called Direct Acyclic Graph, better known as Tangle </ b>, this makes IOTA transactions have no commissions, confirmation times are fast and the number of transactions that the system can handle simultaneously is almost unlimited, while the more efficient network is growing.

IOTA is supervised by the IOTA Foundation, a non-profit organization located in Germany that is responsible for the development of its technology. The foundation has established collaboration groups with Volkswagen and Innogy to develop CarPass, a project based on IOTA that allows the realization of audits, the creation of digital identities and the establishment of recharging networks for cars.

In December of last year the capitalization of IOTA reached 13 billion dollars, becoming the fourth largest cryptocurrency in circulation. So if you are thinking about investing in cryptos IOTA may be a good option and for developers to investigate Tanggle and start to develop it would be a good idea, I leave the official page so you can continue researching: https://iota.org/