Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: Crestie C. Tuvilla on May 24, 2018, 02:44:49 PM
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IOTA stands for Internet of Things Application, and it’s a new crypto technology that facilitates transactions between devices on the Internet of Things (IoT). IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Instead, in order to submit a transaction to the IOTA ledger, you must verify two other previous transactions.
This method of verification means there’s no central ledger, and there’s no need for miners to power the network.
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IOTA stands for Internet of Things Application, and it’s a new crypto technology that facilitates transactions between devices on the Internet of Things (IoT). IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Instead, in order to submit a transaction to the IOTA ledger, you must verify two other previous transactions.
This method of verification means there’s no central ledger, and there’s no need for miners to power the network.
IOTA is a revolutionary cryptocurrency and platform. It is also made specifically for the concept of internet of things and the IOTA is capable of becoming a transaction fuel that will assure the implementation of smart enterprises.
IOTA also can be integrated in the Internet of Things by performing transaction between points.
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IOTA is the only crypto around which does not utilise blockchain technology. Instead, it uses another type of network, called a Tangle. According to IOTA’s website, the benefits of using Tangle include: a lack of fees, speedy transactions, secure data transfer and transactions can be conducted on infinite scales. Other aspects include pay-on-demand and micropayment abilities. IOTA was created to be “the backbone of the internet of things”, and fully supports secure machine-to-machine (m2m) communication.
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IOTA stands for Internet of Things Application, and it’s a new crypto technology that facilitates transactions between devices on the Internet of Things (IoT). IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Instead, in order to submit a transaction to the IOTA ledger, you must verify two other previous transactions.
This method of verification means there’s no central ledger, and there’s no need for miners to power the network.
IOTA is one of the first platforms to marry IoT and cryptographic payment processing, but that doesn’t guarantee that it will be successful. The market potential is huge, but ultimately the investment potential of IOTA comes down to implementation and adoption.
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IOTA is a crypto currency and a member of Altcoins this is also known of it unique designs to execute transactions in the internet using Decentralized Acyclic Graph DAG.
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Yeah Capt Ronald, the main innovation behind IOTA is tangle, a directed acyclic graph (DAG) based ledger. In DAG-based cryptocurrencies there are no blocks. Instead, transactions are confirmed by one or more following transactions.
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IOTA or the so-called Internet of Things is an open distributed ledger. Or in English the term is called open source distributed ledger which means digital currency that focuses on providing communication and payment between machines with safer.
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Most of ppl heard IOTA end of 2017 and now almost all of them forget this coin. So you should remind them to show power of community :D
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IOTA does not use the traditional blockchain design used by most cryptocurrencies. Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG)
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IOTA which is currently in the 7th position of all 1,360 crypto currencies that have been created and circulating in the market. IOTA with units of IOT is currently trading at a price of $ 3:34 , with a total market valuation of more than $ 9.2 billion.
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IOTA (short for Internet of Things Application) is an open-sourced distributed ledger which helps in transactions between devices in the Internet of Things (IoT) economy. The distinct difference between other cryptos and IOTA is that the latter uses a Decentralised Acyclic Graph (DAG) named Tangle, instead of using a blockchain. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously. The platform's cryptocurrency is MIOTA and one of its striking characteristics is that it will enable micropayment transactions between connected devices.
Features IOTA possesses that are quite advantageous are:
High scalability
Low resource requirements
Zero fee transactions
Secure data transfer
Offline transactions
Quantum Immune
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IOTA is a crypto currency and its runs on blockchain technology. IOTA created was created in 2015. Iota is an open source distributed ledger and crypto currency designed for the internet of things.also I believe this coin is best for long-term holding because iota is a best project and it has a huge potential.
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IOTA is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem. The ledger uses a cryptocurrency called mIOTA to account for transactions in its network. IOTA’s key innovation is Tangle, a system of nodes used for confirming transactions.
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IOTA is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem. The ledger uses a cryptocurrency called mIOTA to account for transactions in its network. IOTA’s key innovation is Tangle, a system of nodes used for confirming transactions. IOTA claims that Tangle is faster and more efficient than typical blockchains used in cryptocurrencies. The IOTA foundation, the non-profit foundation responsible for the ledger, has inked agreements with prominent companies, such as Bosch and Volkswagen, to extend the platform’s utility among connected devices.
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IOTA is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem. The ledger uses a cryptocurrency called mIOTA to account for transactions in its network. IOTA’s key innovation is Tangle, a system of nodes used for confirming transactions.
Yes that what IOTA means. It is also a inique token.
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I have no idea about the Iota currency. I don't know what this coin is. I have read and understood very well the replies to this coin given by many senior brothers to understand about this. Got a lot of ideas about this currency. Really brother your topic was very valuable from which we have benefited a lot. Thank you brother.
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IOTA is a blockchain developed to handle transactions between connected devices in the IoT ecosystem. Its cryptocurrency is known as mIOTA. It began life as a hardware project whose goal was to design low-cost general-purpose processors.