- IOTA has recently got a role in European Union blockchain initiative and can see a wide adoption.
- Technical indicators are favoring a weak upside move.It has seen a gain of 2% in the BTC pair.
IOTA is a cryptocurrency that aims to enable free and instant transactions between devices on the Internet of Things (IoT). It uses a technology called the Tangle, which is a directed acyclic graph (DAG) rather than a traditional blockchain. The Tangle allows for faster and more scalable transactions, as well as the ability to handle zero-fee transactions.One of the key features of IOTA is its ability to handle microtransactions. Traditional cryptocurrencies like Bitcoin and Ethereum have high transaction fees, making them unsuitable for small transactions. IOTA, on the other hand, can handle transactions of any size without incurring fees.IOTA also aims to be more secure than traditional blockchain-based cryptocurrencies. The Tangle uses a form of quantum-resistant cryptography called the Winternitz one-time signature scheme. This makes it more resistant to attack from quantum computers, which are expected to become a threat to traditional blockchain-based cryptocurrencies in the future.
