What is IOTA
¿What is IOTA?
IOTA; is a project supported with Directed Acyclic Graphics (DAG) technology.
Founded in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.
In fact, its patented technology is understood as the Tangle, an ecosystem of nodes that verify transactions.
IOTA is structured to be used as a means of payment, with unlimited scalability.
¿What does it offer?
Iota supports that its transactions are executed safely, as well as maintaining smart contracts since March 2021.
Aspiring to be a completely decentralized network with zero commissions.
Also, it offers the MIOTA digital currency, which allows it to be used in a great dynamic of systems and devices without requiring too much energy.
¿How does it work?
IOTA has proposed a different data architecture called “Tangle”, to store and arrange numerical representations in a unique way.
This technology gives IOTA access to overcome BTC scalability issues by removing topographical impediments when using blockchain technology.
Tokens are pre-separated as XRP, and transactions are confirmed using the Tangle, a decentralized acyclic graph (DAG).
Red IOTA can carry out transactions at the same time and does not require a linear or sequential order.
The more nodes are linked or are part of the entanglement, the lotta develops effectively and safely.
This network does not need node mining, since when executing a new transaction, it can be confirmed by referring to the last two purchases.
Decreasing the duration of the transaction process and the amount of resources required.
At the end, a simple proof-of-work operation is implemented to confirm the transactions.
¿How is IOTA regulated?
This network is overseen by the IOTA Foundation, a non-profit organization located in Germany, which is in charge of running the technology and promoting its adoption.
¿Why do people use IOTA?
People use this network, since it has fast transitions, the validation time and delivery of transactions are quite flexible and fast.
In turn, it has unlimited scalability thanks to the Tangle algorithm.
¿How is IOTA different from other projects?
Unlike other networks; where miners answer about network security.
The IOTA ecosystem executes its security through transactions, as these require a small portion of proof of work to keep the network secure.
In this way, the greater the transactions executed, the more secure the network will be.
¿Where can i buy it?
One of the ways where you can buy MIOTA is through Binance, due to the fact that it has a great variety tradable in trade, you can exchange a cryptocurrency, fiduciary cryptocurrencies or simply use a debit or credit card to buy the stablecoin, it is also Bank deposits are allowed.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more, you can visit the following link:https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
