Take a second and think about your answer — it will say a lot about you as an investor.Say someone took you by the arm in 1915 and said, "Invest in construction companies because they are going to build roads that stretch the length of America. They will be the framework of one of the greatest culture shifts in history." After receiving this incredible insight, would you have invested?A smart investor would say yes; a dumb investor would say no.Smart investors know how to invest in emerging technologies.Now, I want to ask you another question. What would you do if you had the chance to invest in a digital currency that's just as revolutionary?
We are about to experience another culture and productivity overhaul, and it all starts with the development and implementation of the internet of things (IoT).The IoT will be a $20 billion industry by 2020. Around the globe, it will change the way people approach their daily lives.And, for the IoT to function, a digital currency has to fuel every interaction between the millions of machines that power the system.That digital currency is called IOTA, and it's coming to popular digital currency exchange Bitfinex on June 13th.IOTA is unlike anything we've ever seen before in the cryptocurrency space. Which means, to invest in it, you need to understand its unique functionalities.
What's IOTA?
IOTA is different from anything we've seen before. It's not trying to become a global currency or build a secure network. It's developers want it to fuel communications between machines. This makes it the perfect currency for the IoT.To the normal investor, the IoT seems far away. But ask a technology analyst, and you'll learn that the IoT is getting closer every day. So, the need for an effective digital currency fuel is fairly urgent.IOTA is the first digital currency to operate independently of the blockchain.In the past, we have seen Bitcoin struggle with scaling issues because of its blockchain structure. IOTA's freedom from the blockchain gives it a leg up on its digital currency peers in the IoT space. It will allow it to scale alongside the IoT.IOTA still uses transaction confirmations to secure its systems, but you don't need two people to initiate a transaction. Rather, multiple transactions can take place on one device, securing the network and powering the system.And this allows IOTA to get rid of transaction fees.
Say Goodbye to Transaction Fees
For all the promise that digital currencies hold, they still have transaction fees.That is the major complaint against Bitcoin, which fuels its energy-sucking, proof-of-work mining method with expensive transaction fees. Those fees provide an incentive for the miners.IOTA's ability to issue multiple transactions from one source frees it from this system. That's incredibly important. If a currency like Bitcoin or Ethereum was used to operate IoT, the system would quickly become expensive. We are talking about millions of micro-transactions between machines every day.If each transaction had a fee, the whole system would be too pricey.
https://www.wealthdaily.com/articles/how-to-buy-iota/8714
http://www.coindesk.com/will-the-internet-of-things-need-its-own-blockchain/
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Good post @masterthematrix friend! I just can't expect to let you know some crazy news ;)
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https://www.wealthdaily.com/articles/how-to-buy-iota/8714
Thanks for the news on IOTA - I've never heard of this one.
nice post. I bought some Iota a few month ago.
As soon as we understood blockchain they introduce a new concept "Tangle"
I am excited for the first exchange listing tomorrow.
will it be a chance to buy some cheap Iota dump?! We will see...