What is IOTA?
IOTA is a cryptocurrency that was born in 2015 by some experienced developers like David Sonstebo, Sergey Ivancheglo with the aim of putting blockchain technology at the service of i.o.t (internet of things, hence the name).
In case you were wondering, the internet of things is nothing more than the intelligent communication of multiple devices through the internet.
Amazon Echo and Google Assistant are examples of devices that can implement i.o.t. in the home environment.
IOTA was created to make these devices work more safely and seamlessly.
The operation is similar to bitcoin and uses a block structure for transaction confirmation called Tangle.
In the description of this video you will find some useful resources to start investing in cryptocurrency immediately in a profitable way.
The main difference of Tangle compared to the Bitcoin blockchain is that in IOTA each transaction constitutes a single block and therefore two confirmations are needed to validate a transaction.
Once again, with IOTA we find a cryptocurrency that guarantees higher transaction speeds than Bitcoin and Ethereum and the speed increases as users increase.
This makes IOTA a highly scalable crypto currency.
IOTA is the first crypto currency with zero transaction costs and currently its market cap is around $10 billion.
Is investing in IOTA Cash worthwhile?
As we always say, before investing in a crypto currency it is good to acquire as much information as possible.
That’s why we did a thorough research for you and collected all the possible advantages and disadvantages.
The advantages
As you probably already know, the value of a cryptocurrency is closely related to the number of users using it.
Therefore, the more widespread IOTA is, the more its value will increase and this depends on how useful its technology will be.
– Some multinationals like Cisco and Volkswagen are already experimenting with IOTA and the city of Taipei is studying it to create Tangle-based ID cards.
– The Internet of things is a booming sector with a current market cap of about $212 billion with a forecast to reach $1,612 billion in 2023.
This means that if Tangle technology were to take hold, it would certainly have a booming market.
– Another very interesting factor is the IOTA community called ‘IOTA Ecosystem’ which aims to involve new developers who contribute to the development and dissemination of the project.
Despite this, IOTA has some aspects that should be analyzed.
Some illustrious names in the Crypto landscape such as Ehereum founder Vitalik Buterin and John McAfee have expressed their doubts about the validity of the Tangle technology.
In fact, it is a technology in development for which there is great expectation on the part of investors, but which is not yet mature.
Another point against it is its lack of presence on major global exchanges such as Bittrex and Poloniex.
Furthermore, it should be taken into account that IOTA may have competitors in the future and this may influence its diffusion process.
We reiterate the fact that the value of a cryptomoneta in the coming years will depend on the development of its technology, so to date it is difficult to predict exactly how it will develop.
What we recommend is to invest your capital in a diversified way on several cryptomonets in order to reduce the risk.
We also recommend that you rely on a certified and reliable platform for your investments.
To invest in IOTA we recommend that you subscribe to the Plus 500 platform, a world leader in trading with millions of satisfied customers worldwide. (see link in description)
With Plus 500 you don’t run the risk of seeing your capital disappear from one day to the next because it is a CySEC regulated platform officially authorized by the Financial Conduct Authority (FCA) with FRN 509909 license.
This is a transparency factor that few platforms are able to offer you.
The main advantage of Plus 500 is that you can invest both downwards and upwards and this allows you to earn on any market fluctuation.
If you don’t have much experience with trading, Plus 500 offers you a free demo account where you can take your first steps and learn how to trade profitably.
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