Cryptocurrency Market: What is the price of atom?

IOTA is a unique cryptocurrency. Having its basis of operation in a directed acyclic graph (DAG) with a structure called Tangle, while the most famous ones like Bitcoin or Ethereum do it through 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 and users It has a unique timestamp and must be subject to an 81-character cryptographic signature.Likewise, every transaction is made 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; No mining or miners required. And no additional fees for trading..

According to information from Binance, this cryptocurrency currently has 3.36 billion units created.

The value of the cryptocurrency iota for today at 10:30 AM (UTC) is 0.16445 USDThis means that digital assets have suffered. Change of 0.06% In the last day, as well as the movement of -0.78% in the last hour.

Due to its capitalization level, this cryptocurrency occupies #114 Most Popular.

The digital currency, created by a German foundation, uses technology or The architecture is called tangle. Focus on the Direct Acyclic Graph (DAG) which, among other things, is more friendly, since transactions can be made 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 working 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 enjoy a more reliable environment than that which a blockchain network can provide, because the latter allows transactions to be carried out asynchronously, in an organized and slow manner for security reasons; While Tangle allows parallel operations,.

The maximum supply of IOTA is 2,779,350,283 tokens and The goal is to make micro transactions. Up to $0.001 without having to pay payment processing fees. For each transaction, a “seed” is required, which is a randomly generated 81-character code that prevents theft of funds.

One of its advantages is its resistance to quantum computing, and it is millions of times faster than those known today; however, one of its weaknesses is security, as in 2017 it faced a hack that caused its price to drop and a loss in transaction volume.

Cryptocurrencies were born in 2008. As an alternative to the devaluation of many currencies as a result of the economic crisis that year.

The first digital asset created was Bitcoin Over time, others appeared, such as: Litecoin, Ethereum, Bitcoin, Cash, Ripple, Dogecoinsome of the most popular.

Cryptocurrencies work through a Encrypted encryption ensures the security of transactions, as well as control over the creation of their units. .

To conduct transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger..

It is important to note that cryptocurrencies are digital assets that do not physically exist, and unlike currencies such as the dollar, euro or peso, they are not regulated by any institution and do not require intermediaries in transactions.

The latter has caused cryptocurrencies to be viewed poorly by the official market, being accused of being unreliable, volatile, encouraging fraud, not having a legal framework that supports their users, and allowing illegal activities to operate, among other things.

However, little by little the way opened up to the point that companies, millionaires and even governments encouraged or allowed its use.

One of the world’s richest men, Elon Musk, has made comments in favor of cryptocurrencies such as Bitcoin and Dogecoin, and temporarily allowed their use in electric car company Tesla, which, at the time, led to an increase in their value.