What is IOTA ? | All about IOTA in Short | Crypto Currency IOTA

What is IOTA?

IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. The purpose of this is an attempt to move cryptocurrency beyond the blockchain

When was IOTA invented?

IOTA is cryptocurrency that is founded in 2015 by David sonstebo, sergey ivanchenglo, dominik schiener and Dr. serguei popov with a market cap of over $5 billion.

Importance of IOTA?

IOTA has distinguished itself from many other crypto rivals by establishing high-profile partnerships with the carmaker Volkswagen, and helping the city of Taipei to pursue smart projects. Not only that, but IOTA charges Zero transaction fees for transactions taken place on its network.

Future of IOTA?

According to the prediction of DigitalCoin, IOTA could reach $2.93 by the end of 2021, move up to $4.17 in 2023, $5.85 in 2025 and eventually hit $8.74 in 2028. And also according to  WalletInvestor, IOTA as a “very good” long-term investment and it estimates MIOTA could hit $2.62 within 12 months and climb up to $5.63 in 5 years.

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