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Author Topic: what is IOTA?  (Read 11455 times)

Offline Crestie C. Tuvilla

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what is IOTA?
« on: May 24, 2018, 02:44:49 PM »
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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what is IOTA?
« on: May 24, 2018, 02:44:49 PM »

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Re: what is IOTA?
« Reply #1 on: June 15, 2018, 03:54:05 AM »
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.

Offline Eben

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Re: what is IOTA?
« Reply #2 on: June 19, 2018, 12:16:53 PM »
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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Re: what is IOTA?
« Reply #3 on: June 30, 2018, 05:03:35 PM »
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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Re: what is IOTA?
« Reply #4 on: August 26, 2018, 03:00:27 PM »
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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Offline Bobcrypto

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Re: what is IOTA?
« Reply #5 on: September 08, 2018, 10:08:05 AM »
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.
« Last Edit: June 14, 2019, 08:30:39 PM by Bobcrypto »

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Offline verifyme

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Re: what is IOTA?
« Reply #6 on: October 11, 2018, 08:25:43 AM »
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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Re: what is IOTA?
« Reply #6 on: October 11, 2018, 08:25:43 AM »


Offline babfurkan

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Re: what is IOTA?
« Reply #7 on: October 11, 2018, 11:13:44 PM »
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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Re: what is IOTA?
« Reply #8 on: October 27, 2018, 09:04:11 AM »
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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Re: what is IOTA?
« Reply #9 on: October 28, 2018, 07:46:05 AM »
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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Re: what is IOTA?
« Reply #10 on: June 12, 2019, 03:34:16 PM »
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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Re: what is IOTA?
« Reply #11 on: November 12, 2020, 02:27:06 PM »
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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Offline JISAN

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Re: what is IOTA?
« Reply #12 on: November 24, 2020, 08:20:45 AM »
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.

Offline raisajahan

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Re: what is IOTA?
« Reply #13 on: December 10, 2020, 06:51:41 PM »
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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Re: what is IOTA?
« Reply #14 on: December 11, 2020, 04:49:52 PM »
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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