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IOTA is an acronym for Internet of Things Application. The motivation behind IOTA the quickly growing network of interconnected devices, also known as the ‘Internet of Things.’ IOTA aims to provide an infrastructure making way for machine-to-machine transactions to occur between all kinds of devices on the internet.
IOTA represents a fresh take on the blockchain, called ‘the tangle.’ This tangle architecture is designed to handle transactions in a rapidly growing digital economy.
When you consider all of the devices accessing the internet at any given time, most of them are not working at their full capacity. There is computing power to spare, without negatively impacting performance. This is where IOTA comes in with a unique method of operating.
A part of IOTA’s vision is to create opportunities for people to earn money by selling some of their unused computing power to other people. The vision of power-sharing includes the possibility of expansion far beyond personal computers. They aim to become the foundation of a new kind of sharing economy.
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What is IOTA (MIOTA)?
Bitcoin brought two crucial concepts into the world: decentralized digital currency and blockchain. IOTA embraces both of these ideals, but instead of majoring on peer-to-peer transactions, IOTA is designed more for machine-to-machine transactions.
IOTA isn’t just a cryptocurrency; it’s a part of a much larger platform, one with mass adoption in its view. IOTA has removed any substantial transaction costs. It is entirely open-source and a non-profit organization.
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About IOTA (MIOTA)
At the moment, IOTA is only available on a few exchanges, including Bitfinex and Coinspot. More exchanges will soon offer IOTA.
Currently, buyers may purchase IOTA from local exchanges that offer it. This is good news if you’re an early buyer; you may earn a profit as the platform develops.
IOTA Coin was founded in 2015, in Germany. The was an initial and forever offering of 2,779,530,283,277,761 coins. No more will be issued.
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