Without preamble, I will say that IOTA is mine. There are factors that influence a project to take all our attention, for example, what it proposes, development, the people who run it, allies, the price ... and there are many other aspects to take into consideration and discover which is our project, in this case cryptocurrency, favorite.
What is a white paper?
It is basically a document to help us understand a particular topic, for example, the technology behind a cryptocurrency, the problems it solves and the long-term vision of the project.
So why IOTA?
Micropayments
When you read the document, the first thing you will understand is the solution that you propose to micropayments, that is, the possibility of making transfers of small amounts. Mainly this proposal was born from the impossibility of making small payments with BTC (bitcoin) because due to the increase in its value, in a small transaction, the user ends up spending more money for the cost of shipping than for the same shipment of money.
The Internet of things and the fourth industrial revolution
Defined the issue of micropayments, now you must know that IOTA to be practically unlockable and to use the system TANGLE (similar to blockchain) allows to make these micropayments worldwide and also handle physical objects through the internet including its programming; this is the Internet of things.
potential in our homes
Imagine that now your fridge handles IOT (internet of things) so every time you run out of a certain ingredient, which you can not miss in the kitchen, you will automatically be issued a purchase order for a food supplier to take that ingredient to your home; practically your fridge will make purchases.
Industrial potential
Now we apply this same system of automated payments but to manufacturing. We know that the machines have a time of duration (useful life) and that every certain time requires maintenance. So imagine ... a car factory that has a machine that is in charge of assembling them and is programmed so that every so often send a micropayment to a company that repairs assembly machines, then, they will send an engineer to perform the maintenance for the programming the machine, the process would never stop, or better yet, send a payment to another machine programmed with mechanical and engineering functions to repair it; an uninterrupted productive cycle would be created. It will be an automated and perfectly efficient world.
Project management
It is known that the development of this cryptocurrency is run by a non-profit company registered in Germany, the cradle of technological development. When I say nonprofit, it does not mean that I do not manage money for expansion ... it only means that their main objective is the development of the project on profits, in fact, they have a fund for development in the same cryptocurrency iota, that is, the higher its value, the more funds will be available to develop the project.
Commercial allies
SAP is the world's largest company in the development of automated accounting and administrative systems and is currently innovating with the technology of TANGLE and IOTA.
Price
Today 2/25/2018 the cryptocurrency that is going to revolutionize the world from the industrial point of view and our homes has a value of approximately $ 2; so you say if it is not undervalued.
This low price is due to the fact that it is not easy to acquire this cryptocurrency; because very few exchanges handle their exchange, then, without demand and supply, their value does not increase.
Let's talk about us and steem
The people at the end are the ones who decide if a project will remain alive or simply receive the disdain of all. In my opinion, steem has enormous potential with the future of social networks because people who publish valuable content and create real networks abound in steemit, and as I explained before, a cryptocurrency will have a future as long as people use it for the correct reasons for which it was created.
Reading the steem white paper you can learn a little more about this cryptocurrency.
I hope you find this information useful to decide which projects to support and invest your money
Wait!
Remember to answer What is your favorite cryptocurrency? and because?
Greetings and thanks for reading!
Mis favoritas: Steem y SBD obviamente; poco confío en Bitcoin está exageradamente manipulada en términos especulativos.
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