There’s a new technological invention out there called IOTA that is too good to believe. It was developed and released in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov and quickly adopted as the backbone of Internet of Things (IoT). IOTA is mind-blowing new open-source distributed ledger that DOES NOT use the traditional blockchain! Instead it runs on a ground breaking new quantum-proof protocol known as the The Tangle (Network), which gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer, among others. IOTA is in a class of its own and cannot and should not be compared with Bitcoin or other alternative cryptocoins like ethereum, monero, litecoin etc.
You must have heard how “fortunate” they were the early adopters of Bitcoin and how easy it was to “mine” a couple of Bitcoins with an ordinary PC way back in 2010. And you are probably aware that today, it’s practically impossible to mine a Bitcoin even with aid of sophisticated equipment- thanks to scalability problems and long confirmation times due to a growing user base. The opposite of all this will be true in IOTA. Tangle eliminates the requirement of miners (or stakers), and therefore no transaction fees is extracted from the system to pay validation fees. IOTA is also infinitely scalable, because as the as the Tangle grows with more transactions, it becomes faster and more secure with transaction finality happening more quickly as network critical mass is approached.
Read more about this exciting new technology on the scoop below and consider investing in IOTA, the earlier the better:
Also see the official IOTA blog below: