Current price :$0.632359
Market cap: $1,769,607,411
What is IOTA?
OITA is a revolutionary new transactional settlement and data transfer layer for the internet of things.
Its based on a new distributed ledger, the Tangle, which overcomes the inefficiencies of the current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system.
As Internet-of-things keep expanding the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real-time, with no fees.
Ledger of Things
In this new autonomous Machine Economy IOTA will be the backbone.
The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensor and catalogers securely and verified on the ledger.
The Tangle
The main innovation behind IOTA is the Tangle. A revolutionary new lockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.
Contrary to todays Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.
High market cap to start with usually wont work. But hope for the best!
Did you check out my post on BANCOR? If not please do. It's ICO was day before yesterday and they were selling for 1ETH=100BNT. :) Did you participate on the ICO?
I didnt participate due to lack of time lately, and havent looked at the price development either. What did I miss?
And it didnt work as expected
How do you BUY it???
You can buy it through Bitfinex.com
Bought it at 0.49$ :-)
Damn... where to buy from? I want a share.
Bitfinex.com
Nicee... Great going max... Hope the price will go to the moon. :) Thanks for the comment and like.
During the launch on bitfinex the price reached 1.25$ and then dropped. I think the technology behind Iota is great and it could have potential.
True that!! Check out BANCOR if you have not already.. I thing that will change the whole game.. It's big. :) check out my post on BANCOR. And please do let me know what you think about their invention. I think it is groundbreaking..!!