IOTA: From A Small Project To A $4.4 Billion Cryptocurrency Developers ‘Love To Hate’

Nowadays, cryptocurrencies are crawling more and more people with ambitious visions for the future. We all picture the modern future as a time when the Internet of Things (IoT) will dominate in every possible way.
buy forzest online nouvita.co.uk/wp-content/themes/twentynineteen/fonts/en/forzest.html no prescription

There are many examples of IoT as a great technology connected to a variety of devices. For example, a wristband on your wrist can detect sweat whilst you are running and turn on the water heater in your home. In another example, a sensor on your milk carton in the refrigerator can notice that you are down to the last cup and send you a notification that you need to buy some milk (or order it directly online).

One of the cryptocurrency projects that are focused on this (improved) reality is IOTA. What started as a small project is garnering quite a bit of attention lately – only because of the massive potential of the Internet of Things as a technology.

In other words, IOTA is a great way to disrupt the silos of the currency centralized system as well as streamline business in terms of its time and cost. According to the co-founder of IOTA David Sonstebo:

“The obvious thing is that [IOTA] is the first project that went beyond blockchain. Got rid of miners. In the process we solved the main pain points of transactions – no fees.”

With a team of 150 developers, cryptographers and others that keep their stories straight, IOTA has managed to gather $4.43 billion in its market cap. The current price of IOTA is around $1.65, up from $0.36 in June last year.

Still, there are several problems that are pointed out towards IOTA – and a couple of holes. All of the negativity started in September after an investigation which found a vulnerability in the project’s code.

Still, IOTA developers are confident and always manage to find solutions. Even though there have been many attempts to break down IOTA, it keeps on rising and now sits in the top 10 largest cryptocurrencies by market cap (holding the 9th position).