How Will IOTA Transform IoT Design In The Future: Analysis

Smart cities are a concept that is getting more popular nowadays. In the crypto news, we have an altcoin that is actively working to promote the development of these projects – IOTA. But the big question that many have now is – how will IOTA transform IoT design as we know it and help people access suitable electronic currency for small fees and minor purchases?

Well, the cryptocurrency is known in the IOTA news for its ability to make micro-payments and is a cryptocurrency designed specifically for the IoT. It is being proposed for that purpose. As an electronic payment system, it must get better at security, personalization and convenience.

The truth is, IOTA was designed to provide all of these qualities. How will IOTA do that in the few years to come is through its three main advantages:

• It is modular
• It is decentralized
• It is not subject to taxation

IOTA is based on a new distributed ledger called Tangle which will overcome the inefficiencies of the current blockchain design, introducing a method of consensus in a decentralized peer-to-peer solution.

This approach allows using the technology to transfer money without any commission to pay for anything – whether it’s parking fees or a car wash or a sandwich. Coming from the IOTA Foundation, a company which is working with STMElectronics to create a new level of powerful, continuous and economic access to IoT functionality.

The spectrum of this cooperation is the integration of the IOTA Tangle into ST’s 32-bit MCU ecosystem. This solution allows for products and services with IOTA functionality to be easily integrated, allowing developers to easily and quickly create and prototype new IoT solutions.

So, how will IOTA revolutionize things is through a tangle which is a different approach that made it possible to scale the network in a purely IoT and blockchain ecosystem. The idea was conceived by the young computer scientists in a group of hacker forums.

With the growth of connected devices and interoperability between them, there are endless possible applications of IOTA and Tangle. All of this will increase and the characteristic makes the new technology particularly interesting, especially in a complex infrastructure like the industry 4.0.