What is IOTA (MIOTA)?
IOTA is an open-source, lightweight and decentralized cryptocurrency which was created to facilitate real-time microtransactions within internet of things and denoted by the symbol MIOTA. This blockchain alternative project aims to make machine-to-machine transactions into their economy, trading data, and resources among themselves.
IOTA (MIOTA): History
Serguei Popov announced the white paper on April 3rd, 2016 where he introduced the idea of a blockless – the backbone of iota, called Tangle. Iota was launched via an Initial Coin Offering (ICO) on June 11, 2016. It was made available worldwide. Sonstebo, Sergey Ivancheglo, Serguei Popov and Dominik Schiener are the team members of IOTA (MIOTA).
How Does IOTA (MIOTA) Work?
IOTA does not operate using a blockchain. Instead, the developers created a platform called the Tangle, and to validate two previous transactions for every transaction that they want to execute; it requires participants in the network. When you make a bitcoin transaction, you need to pay a charge, which incentivizes others to spend computing power validating your transaction. Once you send a coin on the Tangle, the only fee is that your device has to donate some computing power to the network. This means that devices making nano payments at computer-speed won’t constantly be paying fees and that the speed of the network will increase with its size—both vital considerations for an IoT application.
How to Buy IOTA (MIOTA)?
First of all, you have to create an IOTA wallet to store your coins safe. Then give a password for the wallet. Make sure that you won’t forget this password; if you do, you lose access to your coins. Then buy ethereum by using Coinbase. Then trade it for IOTA.
IOTA (MIOTA) Price Prediction 2018
MIOTA can be a profitable investment option. IOTA price equal to 1.728 USD at 2018-02-08. If you buy IOTA for 100 dollars today, you will get a total of 57.859 MIOTA. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 44.347 US Dollars. With a 5-year investment, the revenue is expected to be around +2465.9%. Your current $100 investment may be up to $2565.9 in 2022. IOTA (MIOTA) price today is $1.72 and have the current supply of 2,779,530,283 MIOTA. The market cap value is $4,785,211,540, and the volume is marked as $66,753,400. IOTA price prediction, IOTA price forecast, IOTA price and news, MIOTA price forecast, MIOTA price prediction 2018, What is the price of IOTA 2018.