Hello everybody, a friend of mine talked me about this Iota so I started to read all their documentation here. Their slogan is Next generation Blockchain with a clear message: Scalable, Decentralized, Modular, No Fees.
IOTA
IOTA is a revolutionary new transactional settlement and data integrity layer for the Internet of Things. It’s based on a new distributed ledger architecture, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. For the first time ever, through IOTA people can transfer money without any fees. This means that even infinitesimally small nanopayments can be made through IOTA.
THE ECONOMY OF THINGS
As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
LEDGER OF THINGS
In this new autonomous Machine Economy IOTA will be the backbone. The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensors and dataloggers securely and verified on the ledger.
THE TANGLE
The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.
So what do you think about that?
From today it's tradable on Bitfinex
Steem on!
There is a gazillion coins in this one. Even at 1 sat the cap would be high. I'm not on bittrex, so I can't even see how it pans out.
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It's on Bitfinex, I wrote wrong at the beginning then correct mistake, sorry
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I think it has great technology and potential but its current market cap is insanity. It has a higher market cap than litecoin and you can't even really use iota yet. I like the idea of the tangle but there is no way any of my money is going to this project unless the price dropped 5 or 10 times.
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Yes I'm agree with you, let's see what happen
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I was just over at Bittrex and couldn't find it. It's at Bitfinex though.
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Yes sorry, I updated then but steemit haven't save
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