IOTA (MIOTA)

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IOTA has been build to be fast with no fees even with micro transactions and to be scalable as more people use the currency

Our Joke Name

IOTA = Fast and Free

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (MIOTA)

Coin or Token

Circulating Supply (2,779,530,283)

Block time (Under 60 seconds)

Market Cap Ranking

Review

IOTA is in it’s own bracket with quick transactions and no fees. This is a good start to any currency, one problem I can see with no fees is a chance of hacking due to low verification input. But there could be a work around so it is not a bad factor at this stage.

IOTA claims that as there coin grows they will be able to handle the load with ease. Other coins like bitcoin have been bogged down with too many transaction, that can take over 30 min.

Company Message

(iota.org)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. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to

Pros

  • Faster transaction
  • No fees even on micro transaction

Cons

  • There ticker is bigger than there name
  • Not backed