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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: Tomtucker on March 01, 2018, 08:15:52 AM

Title: Guide: what is IOTA and how To buy
Post by: Tomtucker on March 01, 2018, 08:15:52 AM

IOTA is a cryptocurrency designed for the Internet of Things.
IOTA has 4 HUGE advantages over Blockchain cryptocurrencies in that it is:

1. Scalable
2. Decenteralized
3. Modular
4. Fee Less

Unlike Bitcoin which uses a blockchain architecture for maintaining it’s ledger, IOTA uses the ‘Tangle’ which is a Directed Acyclic Graph, known as a DAG. In summary the Tangle solves both the scalability and transaction fee issues faced by Bitcoin (And most cryptocurrencies) by requiring the Sender in a transaction to perform a kind of proof of work which approves two transactions. Thus, the act of making a transaction and validating transactions are coupled. This removes dedicated miners and makes the system fully decenteralised – those making transactions (the systems ‘users’) are the only actors who can affect the system (whereas in bitcoin miners are not ‘using’ the system, rather they are simply enabling it to operate).

The remarkable result is that in IOTA, the network transaction speed INCREASES as the number of users increases (as opposed to blockchain cryptocurrencies which get slower with increased numbers of users).  It also eliminates the need for users to pay ‘miners’ for doing the proof of work (because they do it themselves). Thus there is no Fee to make a transaction!

How to Buy?

You can Buy IOTA on binance (https://www.binance.com/?ref=15890520).
Because Binance is an Exchange Only, you Need btc or etherum First To Trade them into IOTA. The cheapest way To Buy and Transfer btc/eth is coinbase/gdax. You can use this link:coinbase (https://www.coinbase.com/join/5a2c3bdd75cc6d0121fcdc1a)
To get 10$ free with your First Deposit.

If you Need a step By step Guide On how To Buy IOTA, you can Look Here (with Images):cointutorials (https://www.cointutorials.de/startseite/iota-how-to-buy)
This Site Provides an Guide on how To Buy IOTA on Binance as well as how To Buy and Transfer btc/eth Without Transfer Fees.

Title: Re: Guide: what is IOTA and how To buy
Post by: zazzy on March 02, 2018, 04:20:54 PM

Thank you very much for this guide!

Title: Re: Guide: what is IOTA and how To buy
Post by: Tomtucker on April 13, 2018, 11:10:02 AM

Ist might be a good Time now To Look into IOTA as it beginns outperforming bitcoin and Most Altcoins over the last couple weeks