3/19/2023 0 Comments Iota kurs aktuellIota was advertised as a "currency" ideally suited to micropayments, thanks to its high scalability and free transactions. The cryptocurrency itself has been described as a digital token, optimized to work with IoT devices. The fundraiser was announced on November 25, 2015, and ended on January 21, 2016. The platform obtained funds using standard digital token sales. Later, Dominik Schiener joined the team and continues to be the head of the design team. Iota was founded in 2015 by Sergei Popov, Sergei Ivanchelgo and David Sonstebo. So it is safe to say that IOTA wants to dominate and be the main payment operator in the field of the Internet of Things. In addition, the project is also interested in microcontrollers, sensors, adaptive systems and even smart cities. The unit of account is a cryptocurrency with the same name, which is inspired by the blockchain, but is not the blockchain itself. As a result, IOTA has virtually no transaction fees, which is obviously related to the assumptions about micropayments by Iota devices and systems. Not only thanks to the IoT concept, but also through the use of the proprietary DAG (directed acyclic graph) architecture called Tangle. It is definitely a groundbreaking project. Ultimately, Iota is to be a means of payment that the entire network will use. This concept assumes that consumer items, such as a washing machine or a refrigerator, can store and process data, as well as perform activities such as payment processing. You alone bear the risk for your investment decisions.Iota is a project of a billing platform related to the so-called Internet of Things. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The content of this website solely reflects the subjective and personal opinion of the authors. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. Originally known as Jinn, a crowdsale for the project was held in September 2014, and the network officially launched in 2016. They believe their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products. The team behind IOTA believe that the potential use cases don’t end here. Besides, it is also able to handle micro-payments and transactions between machines, growing a new era of machine to machine based micro economy. The computational power in the Tangle has a positive relationship with the network size, the presence of IOTA promises free and fast transactions. Consensus was established as the devices on the IOTA network verify each other’s transaction in a random manner through the web of connections between transactions, particularly known as DAG ( Directed Acyclic Graph ) or as the creators of IOTA called the Tangle. This additional step of verification is included to eliminate the needs of miners to power the network. It introduced a verification step which requires the users to verify two other previous transactions before submitting a transaction to the IOTA ledger. Derived from “Internet of Things Application'' being a crypto technology which expedites the transactions between devices on IoT by disposing the block and chain, IOTA managed to tackle the scalability and transaction fee issues commonly faced in blockchain technologies.
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