Iota

IOTA (Miota) (Crypto-Pick)

By Goodsoul | Crypto Picks | 22 Nov 2020


Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener, who joined later, together co-founded IOTA

The Iota Foundation describe themselves as a non-profit foundation developing next generation protocols for the connected world.IOTA is working on a distributed ledger technology, that is supposed to enable secure exchange of both value and data, without any fees. In my opinion the problem with Iota (Miota) is that the team still runs a centralised Coordinator. I know of Iota since 2017 and think that their step into decentralization with Coordicide next year could prove as a catapult back into the Top10 of Cryptocurrencies.


Copyright Iota.org


Outlook:

At the time of writing IOTA (Miota) has nearly hit 32cents again. After a deep and long fall from it's peak in January 2018. One million Iota (=1Miota) were trading at over 5$ back than.

If Coordicide gets implemented, a decentralized feeless exchange of data and value is created.

Feeless microtransactions and the machine-to-machine (M2M) economy, where machines would be acting directly with others without human intervention could trigger a new bullrun.

 


This is no financial advise.

Suggestions,advice or if you want your coin picked next please just post in the comments below. 

Cheers and thank you very much for the follow& like and your generous tip;

 

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Chris aka Goodsoul

 

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Goodsoul
Goodsoul

World Traveler from Austria in Australia


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