IOTA the only crypto-currency you should invest in.

IOT. What is it? Well, itʼs actually a few things at once, so lets try and break it down. IOT stands for the Internet of things - this includes practically anything that connects to the internet. Phones, watches, cars, smart tvʼs, you name it: they're all part of the internet of things, and theyʼre all collecting, exchanging, and analyzing data every second. But, why does it exist? Simply put, it exists to make our lives easier. There are billions of smart devices in the world; and thanks to improving technology, they are getting smarter with each day, sorting through vast amounts of information, analyzing it, and helping us apply practical solutions for some of our energy, time, and health based issues. All of this with the intent of making our lives just a little
bit easier.

Here's one small example. Smart LED lightbulbs are now available, which you can control with an app on your phone. You can control the brightness or colour of the lights, set the lights on a custom schedule, and even synchronize the lights with movies or music. Of course, this is a simple example of the Internet of Things at work, a preview of what's coming ahead - when IOT will inevitably be part of our everyday life, and anything that can be connected to the internet will be.

Now thereʼs a second part of the Internet of Things that is also under development, something not directly related to the IOT, however its role alongside the IOT is becoming increasingly obvious. : I'm talking about what are known as cryptocurrencies, or crpyto, for short. - Crypto are generally encryption based currencies functioning without the needs of a central bank. Most, if not all, are completely decentralized. You likely have heard the most popular example of crypto; Bitcoin. By virtue of being the first functional Crypto-Currency. Bitcoin has achieved impressive feats; over the last few years the price of 1 bitcoin has risen from being worth virtually nothing to about 2,500 U.S. dollars. However, Bitcoin comes with drawbacks. One problem with Bitcoin is that it's becoming very slow, and transaction fees are increasing. You see, Bitcoin only works because of something dubbed “The Blockchain” which is basically a transparent ledger or record of transactions, all of them secure and safe thanks to cryptography. (We donʼt have time to discuss how this all works but we will leave a link at the bottom for anyone who would like to learn more about the blockchain.) Now, for bitcoin to operate, your transaction needs to be “mined” or solved using very strong processing hardware. Because no one works for Bitcoin, people called “Miners” need to verify the transactions. Their incentive: for every block mined, the miners involved are rewarded with a small share of bitcoin. So whats the problem? Well, The blockchain is only capable of solving 4-5 transactions per second and with hundreds of thousands of transactions taking place during high traffic instances you can except wait times of up to 12 hours in some cases. So, If you want to have a transaction process quickly, then youʼll have to pay a higher mining fee to move your transaction to the top of the list. This is a real issue in the crypto-community, and there are teams of people working on solutions for these problems as we speak. However, none have been deployed.
Now, that was just scratching the surface for problems related to bitcoin, and brings up some heavy doubt that Bitcoin will truly
be able to fully replace the monetary systems we have now.

This is where IOTA comes in. IOTA is another crypto-currency. But not just any cryptocurrency; itʼs the first and only crypto to operate without technology based on the Blockchain. Instead, IOTA uses something called, “The Tangle”. Many view the Tangle superior to the blockchain simply because of how it works down to itʼs fundamentals. In IOTA there is no need for miners. Transactions are verified by users themselves; When a user submits a transaction the device responsible for the request does some work of its own. (Almost, like in school when your teacher might have assigned your class the responsibility of marking each others homework.) The Tangle in essence does the same. This is what makes the peer to peer network possible. To process a transaction you must first do the work for 2 other users. Donʼt worry, this all happens instantaneously and without you even knowing. Ultimately, this allows for an entirely fee-less transaction.. yeah, thats right.. completely free. Which is why IOTA is pretty damn cool and weʼve only scratched the surface of its capabilities. The developers behind IOTA dub it as the “Backbone” of the IOT. This, because IOTA is intended to anticipate your future needs, and is built to operate with the IOT in mind.

Let's look at an example-

Now, here is a scenario IOTA is prepared to handle. Itʼs 2020 and youʼve just purchased your brand new Smart fridge. This fridge is capable of a variety of functions one of which is buying your groceries for you. Noticing that you are running low on bottled water, your fridge notifies you, and useʼs IOTA to purchase more water for you from your nearest smart retailer. Now,
regardless of whether or not this exact scenario unfolds, the fact remains that IOTA is the only existing crypto-currency capable of processing machine to machine transactions like we just described.

For now, IOTA has partnered with tech giant Microsoft, to move forward in testing its applications, and launching beginner trials. These machine to machine transactions or M2Mʼs will soon exist in our everyday lives, and In truth, the future applications of the Internet Of Things itʼs backbone IOTA are limited only by our imaginations. 

So, what can you imagine?

More blockchain information -https://en.wikipedia.org/wiki/Blockchain.info
IOTA- http://iota.org