IOTA, the only blockchain without a blockchain, is one of the few winners in this gloomy day in the crypto market. It added about 3% to its value in the last 24 hours. This guide contains everything you need to know about IOTA: what makes it unique, whether it’s worth buying, and the best places to buy IOTA right now.
The best places to buy IOTA now
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What is IOTA?
IOTA is a distributed ledger with one big difference: it is not actually a blockchain. Instead, its proprietary technology is known as Tangle, a node system that confirms transactions.
The foundation behind this platform says it offers speeds far superior to conventional blockchains – and an ideal footprint for the ever-expanding Internet of Things ecosystem.
Because there is no blockchain, there are no minors, and because there are no minors, there are no fees. Many established networks see costs increase when congestion increases, but IOTA aims to provide unlimited throughput at minimal cost.
Ultimately, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Since estimates suggest there could be 20.4 billion such devices by 2024, this could end up being a big business.
The team behind IOTA believes the potential use cases don’t end there. They believe their distributed ledger could provide digital identities for everyone, pave the way for cutting-edge smart cities, deliver transparent global commerce, and prove product authenticity.
Should I buy IOTA today?
IOTA can be a great investment, but it could also reverse its earnings. Cryptocurrencies are subject to extreme price fluctuations in both directions. Take all investment advice and price predictions with a grain of salt.
IOTA price prediction
According to the redditors, IOTA will start rallying and hit $ 3 by the middle of this year. Trading Education expects the price of IOTA to hit $ 2.53 by the end of the year.
Finally, Trading Beasts is the least optimistic, predicting that IOTA will hit $ 1.7 in a month. The predicted maximum price is $ 2.44 in 2022.
IOTA on social networks
– Frank (@ 2779530283Mi) January 9, 2022
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