![]() To explain what IOTA is, I will begin with explaining how the distributed ledger technology behind it works. ![]() To succeed it has to accomplish its potential. This is why the potential of IOTA is incredible, but it's not set in stone. The team behind IOTA has built a new concept for cryptocurrencies using DAG (directed acyclic graph) that is both scalable and fee-less and has a big potential to become the standard mean of data distribution in IoT. IoT (internet of things) is undergoing a massive increase of development and future daily-life integration with the big industry companies like Bosch, VW group, Intel, Cisco, ARM and Ericsson building the infrastructure for it. Let me begin with explaining what IOTA is, the technology behind it and how the usecases for it differentiates from blockchain technology. IOTA is a more than just a cryptocurrency. Since then, a lot of open source projects and progress from the foundation has been made, which I will include in my discussion. The past months the cryptocurrency market had tremendous rise and it wasn't only Bitcoin and Etheruem that was propelled to new heights, and lows.Īn increased public attention to alternative cryptocurrencies occured and what previously had been small altcoin projects, had incredible growth rates alongside the big boys and received a lot of resources to grow even faster.Īmongst those, IOTA was one of the currencies which had a massive increase of value and the communities attention grew along. ![]() ![]() What is IOTA and what are the potential usecases? ![]()
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