IOTA Crypto currency is a revolutionary platform for the Internet of things

IOTA's crypto currency became known to the public not so long ago, although the project itself was founded in 2015. The reason for the sudden rush was the rapid rise in the price of coins, which even led it to the top ten of the TOP by capitalization. Why do investors show interest in IOTA and do you really need to add a coin to your investment portfolio? You will find the answers to these questions later in the article.

IOTA - Internet Crypto-Currency of Things

The development of technology is so fast that we hardly have time to follow it. Someone still perceives a smartphone as a true miracle, and technology has confidently gone forward and will soon surround us everywhere. In particular, one of the most promising areas for the development of modern innovations is the Internet of Things. Its essence lies in the fact that the usual for us items that by themselves do not perform any functions (without the human effort) will be equipped with smart chips. The future, in which numerous household functions will take on the things that are usual for us, seems very tempting and development in this direction is already under way.

IoT or the Internet of things - the absolute embodiment of the known to all true, saying that progress is made by human laziness. Thanks to the development of this direction very soon we are promised all day long enjoy life, while the things around us will do absolutely everything themselves. They will be equipped with software, focused on the implementation of specific functions. At the same time, all these subjects will be connected to each other, which will allow them to interact. To some extent, it can be said that inanimate objects will begin to "think" and act. Life becomes a continuous fantastic film. But if we are serious, this innovation will allow us to realize a variety of achievements that are not available to us now.

Contrary to what in the sphere IoT-Experts work a huge number of specialists and to create such a bright future, such giants of the market as Google and Apple have put their hand, there is an important problem that can not be solved yet. Unfortunately, it is not yet possible to solve the issue of the security of such a system, because its hacking can cause serious damage to both the specific user and the whole of mankind. Then a completely different story will be realized, in which the subjects "will rise up" against people.

The IOTA Crypto currency was created just to serve this global sphere, in which things have extensive functions. It is thanks to it that it is possible to solve the problem of the protection of this ecosystem, but IOTA went much further and in it the developers realized several advantages that make this crypto currency and payment system special.

Features of IOTA crypto currency and its advantages

The main feature of IOTA is that it does not work on standard blockhouse, but on a specific database called Tangle. This is a more flexible accounting base, which was developed taking into account all the shortcomings of the traditional blockbuster. In fact, Tangle consists of continuous transactions - no blocks of information for you and other things.

If you compare the IOTA crypto currency with bitcoin, then the advantage of the first is obvious:

• The bitcoin blockchain is experiencing major scalability issues. We often witness that hundreds of thousands of transactions hang unconfirmed in it. In IOTA, this cannot be, since its database can have unlimited scalability - the network bandwidth increases with the growing popularity of the cryptocurrency itself.
• Transactions in the IOTA network are absolutely free, as they confirm the new transaction with two other transactions, and not the miners paid by bitcoin users. The same translations, which are false, will reject the nodes of the system. Again, due to the poor bandwidth of the commission in the detachment, the cue ball will increase, and IOTA transactions are getting faster.
• In the IOTA system, micro- and nanotransactions are possible - this feature is very relevant for the Internet of things. If small transfers in the systems of other crypto-currencies lose their meaning due to a larger commission than the transfer itself, then in IOTA they are free. Thanks to this development, you can send very scanty amounts.
• You can carry out transactions in coins IOTA even without connecting to the network. Operations without access to the network will be carried out locally, and to communicate with the database it is enough to connect to the network a couple of times a day.
• The system is truly decentralized. Why this is so, we will tell further.

Is IOTA mining possible?

After reading this article, you probably already seriously intend to begin the enhanced extraction of a promising coin. Do not rush to break ties with mining ether or monero, because you can not earn IOTA mining. And all because there is simply no such booty. Started the project by ICO and all the koins that could be obtained were bought up by investors. Total developers issued 2,7 billion coins MIOTA and collected a little less than half a million dollars in the pre-sale.

By the way, ICO IOTA is considered one of the most profitable - the yield received by the first investors is second only to the results of the NXT. If you are thinking about the question of how to mine IOTA, then surely the coin aroused your interest, but you can get it only by purchasing on the exchange.        

IOTA Crypto Currency Exchange Rate

Today's coin price MIOTA is clearly far from its highs, nevertheless she has already managed to show that she can very quickly dial the course. Despite the fact that the platform was developed in 2015, the coin reached the exchange only in the summer of 2017. When you exit MIOTA was quoted at the price of 0,63$ and already from this recent time has managed to rise in price by almost 800%. If we talk about how much it was possible to earn investors who bought coins during their public sale, then this is a fantastic interest.

What caused this rise in price? First, more and more users are becoming aware of a promising coin. Secondly, developers actively improve the platform, destroy all kinds of vulnerabilities, make its use more comfortable and profitable. And finally, IOTA attracted attention of large investors who see the future in the proposed technology.

It was thanks to the demand that the unusual crypto currency managed to get to the top of the crypto-currency TOP - although it was not possible to press the main regulars, but capitalization in 11,8 billion, the sixth place by right I got. The rate for today is 0,00022 MTC for 1 coin.

IOTA buy for rubles

You can not buy IOTA for rubles at any of the exchanges, such services are provided only by exchangers, and the amount is very limited. Nevertheless, the network can find information on the ratio of this crypto currency to the ruble, which at the time of writing is about 207 rub. for a coin.

MIOTA to the dollar

If we talk about the ratio of IOTA to the dollar, then on average, at the time of writing the article, the price of a coin on Exchanges is of the order of 4$. Coupled with the dollar, the Crypto currency is traded on Bitfinex (where it first appeared) and on the little-known public stock exchange Exrates. The remaining trading floors, which in fact are not so many, are trading IOTA paired with bitcoin, ether and cryptodollar.

How to create an IOTA wallet?

For reliable storage of the IOTA coin, it is necessary to have a desktop purse, since it is acquired, basically, as a long-term investment, which implies a long-term saving. Of course, for such a stock does not fit at all and to hold large sums on them is not worth a single currency. Therefore, whether you want it or not, you have to make a purse, thank you, it's done in a matter of minutes - there will not be any long waiting for downloading and synchronization.

1. To get started, go to Github and select the file you want to download. If you are installing on Windows, then download the iota wallet file with the extension .exe the latest version (currently the current update of the purse 2.5.4)
2. After downloading the file, start it. A window will appear in which you will need to select the type of wallet - an option for a light node or full. If you do not intend to be a node, then you do not need to download the entire database and it's worth choosing a light node.
3. Next, select the node from the list that you want to connect to.
4. After that you will be asked to generate a mnemonic phrase, which should consist of 80 characters (only Latin letters and 9 number).
5. Safely store the phrase, as it is your access to the coins that will be stored in your wallet.

Actually, the desktop version is the only reliable way to store IOTA so far. There are also mobile wallets, but they work in test mode and if your coins get lost somewhere, no one will return them to you. Therefore, install the client, securely save the code and, having thrown in a few dozen IOTA coins, wait for their space course.

IOTA: Forecast and Future Prospects

So, is it worth expecting this very cosmic price increase? There are many reasons to believe that this is very likely. Absolute guarantee that IOTA holders will one day become millionaires is not, but the prospects of the coin are obvious. Even if you do not think the idea of ​​the Internet of things in demand and necessary to the world, then we will not deny that already today large companies such as Samsung, Volkswagen, Microsoft have become interested in IOTA technology. They certainly know a lot about technology and if the ideas of IOTA developers seemed promising to them, then it is definitely worth looking at the coin for investment.

Regardless of what fate awaits the Internet of things, IOTA can find its application outside this innovative direction. Already today it qualitatively stands out against the background of other crypto-currencies and is unique in its kind. Therefore, one should expect that the interest of investors to both the platform and the coin in the future will increase, which means that buying IOTA coins today, when their rate is still relatively low, can prove to be a very lucrative investment idea.