IOTA
IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT).
IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).
Cryptocoins News / Blockchain - 2 years ago
Binance has announced the discontinuation of several spot trading pairs, including ANKR/BNB, CVC/BUSD, EPX/BUSD, HIVE/BUSD, IOTA/BNB, KLAY/BUSD, LRC/BNB, MBL/BUSD, MTL/ETH, and UMA/BUSD, on September 1, 2023. The removal could impact liquidity and tr...
Cryptocoins News / CoinJournal - 2 years ago
Key takeaways
Crypto exchange Binance has added SHIB, IOTA and other cryptocurrencies as collateral assets on its platform.
Binance also included 22 new cryptocurrencies as loanable assets.&
Binance Approves SHIB as a collateral asset
Bina...
by COINS NEWS - 2 years ago
https://www.cryptopolitan.com/iso-20022-compliant-crypto-list/ ISO 20022 will replace the SWIFT financial messaging system in the next few years and will pave the way for central bank adoption and use of cryptos. Currently, there is a short but growi...
by COINS NEWS - 2 years ago
I remember back in the bull run of 2017, IOTA became a darling of innovation because it was one of the first respected cryptocurrencies that deviated from the blockchain family. Bitcoin (as well as ethereum) were having congestion issues driving up f...
Cryptocoins News / CoinJournal - 2 years ago
SwissOne Capital launched a major ecosystem fund for IOTA and Shimmer.
The fund will invest in the most promising projects in the ecosystem.
IOTA and Shimmer received a boost on Tuesday when SwissOne Capital unveiled the first ecosystem fund to...
Cryptocoins News / CoinJournal - 2 years ago
IOTA price rose as high as $0.22 as Bitcoin retested $28k for the first time in weeks.
Ethereum price also rose on Tuesday, breaking above $1.9k as sentiment on US debt ceiling deal buoyed markets.
IOTA price is out of a descending triangle but need...
Cryptocoins News / CoinJournal - 2 years ago
Key takeaways
IOTA Foundation has launched its ShimmerEVM testnet on the Shimmer testnet.
The ShimmerEVM chain is expected to boost the IOTA network’s DeFi ecosystem.
IOTA projects can try out the test chain and give feedback ahead of the...