The web is replete with information and advantages of Blockchain technology. Indeed blockchain has immense potential with a lot of advantages to offer especially in terms of security and speed of data transfer. However, when it comes to meeting the accessibility issues, blockchain has its own limitations.

Here comes the role of distributed ledger technology that supersedes the entire gamut of blockchain-based solutions providing answers to all questions that until now remained unanswered. Before we dig into the IOTA price prediction, let us have a look at some of the unique features of IOTA.

IOTA: The Groundwork

Distributed ledger technology is an altogether different concept which people most often tend to confuse with blockchain-oriented cryptocurrencies like Bitcoin and Ethereum. Emerging as the most promising solution to scalability, this distributed ledger technology (DLT) has been the root of genesis for MIOTA or more popularly called IOTA.

A revolutionary concept, IOTA empowers the Internet of things (IoT). Conceptualized to address issues, as aforementioned, pertaining to scalability, IOTA bases its fundaments on making lives more empowered and expeditious.

IOTA Overview

Cryptocurrency IOTA
Ticker Symbol MIOTA
Price $0.3448
Price Change 24h +6.39%
Price Change 7d -3.27%
Market cap $925,082,345
Circulating Supply 2,779,530,283 MIOTA
Trading Volume $17,057,929
All time high $5.69
All time low $0.07962
IOTA ROI +56314.92%

IOTA: The Growth Story

Talk of money or making money, even for that matter, money makes money – IOTA is the ultimate solution. Designed to enhance the m2m economy of Internet-of-Things (IoT), IOTA was introduced way back in 2015, as a quantum-resistant distributed ledger protocol. With the pure objective of IOTA being to guarantee an anytime-anywhere accessible decentralized payment system, be it micro or nano, it offers solutions that warranty data integrity without any compromise on security.

IOTA: Indisputability With No Compromises

The challenges of blockchain technology being data accessibility also came in packages. Those packages included slower transactions but higher costs. IOTA ensured these redundant costs are eliminated along with the advantage of the higher speed of transactions. This prized digital currency offered users the advantage of fixed money at no inflationary cost.

The decentralized consensus of IOTA makes users their own masters of validation. Like blockchain, this digital asset IOTA also does not call for role playing of any intermediaries.

Working on an entirely different ledger platform called the Tangle, IOTA requires a very minimal workload of calculations. Like other platforms, Tangle refrains from offering users any freebies of rewards and does not intend to do so in the future either.

Tangle focuses itself entirely on offering the users the benefit of efficient data transfer that would make their transactions fast and flawless thereby justifying its paradigm role in the Internet-of-things eco-space and IOT ecosystem. This crypto was founded in 2015 by David Sonstebo, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov.

IOTA: Not Competing but Collaborating

The avant-garde technology of IOTA has made it a front runner in next-generation solutions. Breaking the barriers of conventional methodologies of the transaction and offering innovative solutions for the future, IOTA features in the top-ranked choices of users who aim to match pace with the progressive cryptocurrency trends in trading. Institutions across the globe have emerged showing active interest to sign a partnership with IOTA.

Going by the predicted estimates, there would be 26 billion objects empowered by the revolutionary IoT constituting $4 trillion to $11 trillion of the global economy. The future is bright for IOTA as the organic adoption gains momentum since the DLT network assimilates solutions based on real-life applications.

Being a key role player, IOTA Foundation has collaborated with a number of organizations to harness the potential of progressive technology. The list is endless with renowned companies like Volkswagen joining the brigade of Tangle shaking hands with IOTA to enable downloading of software for its vehicles.

The German car major unravels proof of concept for integrating Tangle extensively in its cars. The collaboration gave birth to “Digital CarPass” in the year 2019 wherein the car major together with IOTA conceptualized a system to arrive at data mileage. Following the footsteps of Volkswagen, Porsche too confided having signed a pact with IOTA for developing innovative solutions under Program 4.

Another outcome of IOTA and Jaguar Land Rover nuptial was the Smart Wallet that facilitated the transfer of value and data. Companies like Linux and Dell are in talks with IOTA to foray into a novel concept of “data confidence fabric” especially for their data verification function. Undoubtedly, IOTA has totally dedicated itself to the cause of Data Processing thereby crusading smart charging, crowdfunding, smart homes, space exploration, real-time data storage, smart grid functions.

IOTA: The Biological Parent of MIOTA

A unit and digital asset of IOTA, MIOTA can be purchased on all noted exchanges. The ‘M’ stands for ‘mega” revealing the true super potential of this crypto asset. Launched in the year 2016, MIOTA had great support from its parent IOTA Foundation that contributed approx. $500,000 in IOTA cryptocurrency from its crowd sale.

Equivalent to 1 Million, the 1 MIOTA would represent 1,000,000 IOTA. Aspiring to be ranked as the first obvious choice in internet-connected devices, IOTA aims to enable micropayment transactions via MIOTA. For example, buying groceries from an e-com site using your internet-linked fridge may not be a distant dream.