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All Credits to Iota.News by Nala
The payment system, which is abbreviated to the acronym IOTA , currently comes to a market capitalization of about 11 billion US dollars. IOTA stands for Internet of Things and Tangle and refers above all to a “Machine to Machine” communication. The currently perhaps most innovative digital currency could establish itself in the top spots of the global crypto currencies in 2018. It was developed by entrepreneurs and mathematicians David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Dr. med. Serguei Popov.
By eliminating long and costly transactions and mining processes, IOTA has a distinct advantage over traditional digital currencies. When a user makes a referral with IOTA, two previous transactions are automatically validated, which also makes every IOTA owner an IOTA “miner”. Unlike first- and second-generation blockchain technology, IOTA relies on a distributed ledger architecture called “The Tangle,” which enables it to achieve three key cryptographic milestones: offline transactions, zero-cost transactions, and infinite scalability. The maximum offer of the coins is almost 2.8 billion IOTA, currently all coins are in circulation.
Source finanzen . net