Why Invest In IOTA? Everything You Need To Know

What is IOTA (MIOTA)? IOTA (MIOTA ) is a different kind of cryptocurrency. Unlike competitors, IOTA doesn’t utilize blockchain technology to accomplish its tasks. Instead, the platform relies on various Internet-of-Things (IoT) applications. As such this platform has unmatched scalability and endless use cases in the market. Notably, the co-founders of the project, Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener didn’t originally plan to host a cryptocurrency or even a decentralized network for that matter. Instead, IOTA started off as an IoT hardware chip manufacturer. These systems could record and execute transactions between machines and devices within the Internet-of-Things (IoT) ecosystem. After recognizing the potential of an IoT network, the firm changed its focus to expanding the decentralized network aspects of this technology. IOTA allows developers to further explore use cases scenarios and different functionalities of IoT and their interfaces. C...