WHAT IS IOTA (MIOTA)?
IOTA is an open source cryptocurrency founded in 2015 by Anders Sønstebø and Serguei Popov, classified as an altcoin due to its technical design and core mechanisms and runs on a system called “The Tangle”, a form of a directed acyclic graph (DAG) applied to a distributed ledger protocol. IOTA allows free transactions on a decentralized network without the need for miners, blocks, and chains.
IOTA (MIOTA): HISTORY
Iota was launched via an Initial Coin Offering (ICO) on June 11, 2016, which was made available worldwide.Serguei Popov introduced the idea of a blockless blockchain – the backbone of Iota, called Tangle.He published the white paper on April 3rd, 2016.Sonstebo, Sergey Ivancheglo, Serguei Popov and Dominik Schiener contributes the core team of Iota.
HOW DOES IOTA (MIOTA) WORK?
The main innovation behind IOTA is a tangle, a directed acyclic graph (DAG) based distributed ledger similar to the blockchain of Bitcoin. In DAG-based cryptocurrencies, there are no blocks. One or more following transactions confirm transactions. As a result, the structure of the network and nodes is represented by a direct graph with no directed cycles; this makes for a lighter structure that resembles a never-ending tree.When a node/sender initiates a payment, it can verify the payment by itself. However, to verify, it needs to verify two previous transactions by other nodes.
HOW TO BUY IOTA (MIOTA)?
Purchasing IOTA directly with “Fiat” currency is not possible, so the easiest way is buying either Bitcoin or Ethereum and then swapping these for it on an exchange. First-time buyers of cryptocurrency can use Coinbase which offers the ability to purchase Bitcoin, Litecoin, and Ethereum with a credit or debit card or by sending a bank transfer. To get started, click the “Sign up” button and enter your name, email and choose a password on the registration form.Coinbase will then send a link via email to verify your email account.Add your phone number and upload a photo of your ID, payment details, bank account or a debit or credit card as required –your account will be verified, and you can make your first purchase.
Purchase Ethereum or Bitcoin, In Coinbase, visit the “Buy / Sell”tab, select “Ethereum,” choose a payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or some Ether.Confirm your transaction, if using card payment, complete verification with your card provider.Ethererum will be added to your account.
IOTA (MIOTA) PRICE PREDICTION 2018
MIOTA can be a profitable investment option. IOTA price equal to 1.858 USD at 2018-02-14. If you buy IOTA for 100 dollars today, you will get a total of 53.817 MIOTA. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-09 is 38.737 US Dollars. With a 5-year investment, the revenue is expected to be around +1984.68%. Your current $100 investment may be up to $2084.68 in 2022.IOTA (MIOTA) price today is $1.86 and have the current supply of 2,779,530,283 MIOTA. The market cap value is $5,183,685,001 and the volume is marked as $32,839,600.IOTA price prediction, IOTA price forecast, MIOTA price and news, MIOTA price forecast, MIOTA price prediction 2018, What is the price of IOTA 2018.