IOTA (MIOTA)

IOTA (MIOTA) -
Fast and Free

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

Basic Intro

Name (Ticker)
IOTA (MIOTA)
Price (USD)
$0.41046740871
Rank
56
Active Supply
2.8 billion
Total Supply
2.8 billion
Volume (24H)
20.1 million
Marketcap
1.1 billion
Fun Name
Fast and Free
Categories
feature-test
Website Links
Block Explorer

Graph

somealt

Pros

  • Faster transaction
  • No fees even on micro transaction

Cons

  • There ticker is bigger than there name
  • Not backed

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

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