IOTA is a cryptocurrency that stands out from the crowd It has the basis of its operation in a Directed Acyclic Graph (DAG) with a structure called a Tangle, while the most famous ones like Bitcoin or Ethereum do it through the blockchain.
This cryptocurrency, also known as MIOTA, is designed to be used as a means of payment with unlimited scalability (transactions) and across all devices that are part of The Internet of things No additional fees.
Unlike blockchain, in this new scheme both records or users It has a unique timestamp and must undergo a cryptographic signature of 81 charactersLikewise, every transaction is done through this private key, which contains details such as sender, recipient, and amount.
The main characteristics of IOTA are: it has no scalability limits, so unlimited transactions can be made; The system adapts to usage and popularity without being too volatile; It does not require mining or miners. It has no additional fees for trading.
According to information from Binance, this digital currency currently has 3.21 billion units created.
The cost of iota cryptocurrency for today at 10:30 AM (UTC) is $0.301718. This means that digital assets have suffered 0.12% change in the last day, as well as a -0.24% movement in the last hour.
Due to the level of capitalization, this digital currency ranks Position number 100 among the most popular.
The digital currency, created by German developers, uses or The architecture is called tangle He focused on the Directed Acyclic Graph (DAG) which has the advantage, among other things, of being friendlier, as transactions can be performed with just a mobile phone and a computer, while it does not consume as much energy as a blockchain network.
Moreover, these operations can be performed by users who work with IOTA and there are no commissions on the operations because its users must perform other transactions before realizing their own transactions.
IOTA technology ensures that users of this cryptocurrency have a more reliable environment than the one that a blockchain network can provide, because the latter allows transactions to be carried out asynchronously, regulated and slowly for security reasons; While Tangle allows parallel operations.
The maximum supply that IOTA has is 2 thousand 779 million 350 thousand 283 tokens and The goal is to make microtransactions Up to $0.001 without having to pay a payment processing fee. In each transaction, a “seed” is required, which is a randomly generated 81-character code that prevents the theft of funds.
One of its advantages is its resistance to quantum computing, which is millions of times faster than what is known today. However, one of its weaknesses is security, as in 2017 it faced a hack that caused a drop in its price and a loss in transaction volume.
Cryptocurrencies are currencies that do not actually exist Unlike currencies such as the dollar, euro or peso, it is not regulated by any institution and does not require intermediaries in transactions.
As a result, they are not regularly viewed favorably by the formal market and are accused of being unreliable, volatile, encouraging fraud, not having a legal framework to support their users, and allowing illegal activities to operate, among other things.
However, little by little they opened the way to the point where corporations, millionaires and even countries encouraged or legalized its use.
These cryptocurrencies work through cryptographic encryption that ensures the security of transactions.As well as controlling the creation of its currencies. To carry out transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.
There are currently different cryptocurrencies in this unregulated market, however, the pioneer has been Bitcoin, which was created in 2008, and with it others have emerged such as Litecoin, Ethereum, Bitcoin Cash, Ripple, Dogecoinsome of the most popular.
one of the richest men in the world, Elon MuskHe made comments in favor of cryptocurrencies such as Bitcoin and Dogecoin, and even temporarily accepted cryptocurrencies in his electric car company Tesla, increasing their cost.
To get any of the cryptocurrencies on this unregulated market, you have to go to the specialized pages.
It is worth noting that the cost of each of these digital currencies varies depending on supply and demand, as well as the level of commitment of the users themselves, which can cause sudden changes.
This means that the more people are interested and willing to acquire a particular cryptocurrency, the higher its price will be and vice versa.
However, anyone investing in this type of cryptocurrency should be very clear that this model brings with it opportunity High risk of capitaljust as there may be an increase, it may also crash unexpectedly and wipe out its users' savings.
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