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What is IOTA – Cryptocurrency Review; Revolutionizing The Tech

What is IOTA – Cryptocurrency Review; Revolutionizing The Tech

What makes the Tangle system very unique, is that the more people use it – the network is faster and performs better accordingly. The case is very in contrary to other cryptocurrencies, especially the leading ones. Bitcoin and many following altcoins do find the network slow-downs irritating and very difficult to deal with as more individuals step in. That will be giving birth to major problems in the future as more people enter the market and the ecosystem.

The token is not only designed for peer-to-peer exchanges, but also for the Internet of Things . For example, IOTA could be used to enable a robot to be programmed to clean and vacuum a room automatically.

Obviously that other digital currencies will do their best to find solutions and have improvements over their infrastructure like the Lightning Network that has been implemented on Bitcoin for faster scaling. However, still what Bitcoin was originally thought to be is far from being reached, for example it would be not that reasonable to use it on daily transactions lets say coffee, food etc.

Best way to purchase tokens for yourself would be buying Bitcoin from famous exchange via your bank account, debit card or credit card, which would be followed with the BTC being exchanged for IOTA tokens.

Everyday, more and more reasons are dusted out to enter and diversify your wallet with additional IOTA as at some point it could be to late. Will IOTA really revolutionize the future of cryptos – it could be very well possible.

17.03.2018 / 06:30 61
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