IOTA is one of the cryptocurrencies that are changing the digital currency marketbecause unlike its competitors such as bitcoin or ethereum, it is based on a totally different technology than blockchain where there is no talk of mines or miners.
For financial experts, IOTA is an ambitious and very risky bet whose main objective is to incorporate digital currencies into a single network, the internet of things.
The value of the iota cryptocurrency for today at 10:30 a.m. (UTC) it is 0.178365 dollars per unit.
This means that the digital asset recorded a change of 4.01% in the last 24 hours as well as a variation of 0.31% in the last hour .
Currently, IOTA is ranked #112 in popularity in the digital market. It is worth mentioning that the historical maximum that this digital currency has reached is 5.69002 dollars per unit.
Created by German developers, the digital currency uses a technology or architecture called Tangle focused on the Directed Acyclic Graph (DAG) which, among other things, is characterized by being friendlier, since transactions can be made with just having a cell phone and a computer, while it does not consume as much energy as a blockchain network.
Furthermore, these operations can be carried out by users who operate with IOTA and there are no commissions for operations because its users must make other transactions before materializing their own.
IOTA technology guarantees that users of this cryptocurrency have a more reliable environment than the one the blockchain network can provide, since the latter allows transactions to be made asynchronously, orderly and slowly for security reasons; while the Tangle allows parallel operations.
The maximum supply that IOTA has is 2 thousand 779 million 350 thousand 283 tokens and The goal is to get microtransactions made up to $0.001 without having to pay payment processing fees. In each operation, the “seed” is required, which is a randomly generated 81-character code that prevents the theft of funds.
Among its strengths is its resistance to quantum computing, millions of times faster than that known today; However, one of its weaknesses is security, since in 2017 it faced a hack that caused a break in its price and a loss in transaction volume.
Digital currencies were born in 2008 as an alternative to the devaluation of several currencies as a result of the economic crisis of that year.
The first digital asset created was the bitcoin and over time others emerged like litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most popular.
Cryptocurrencies work through a cryptographic encryption that guarantees the security of transactions, as well as control of the creation of its units .
To make transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.
It is important to mention that cryptocurrencies are digital currencies that do not physically exist and, unlike currencies such as the dollar, euro or peso, they are not regulated by any institution and do not need intermediaries in transactions.
The latter has caused cryptocurrencies to not be viewed favorably by the formal market, accusing them of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among others.
Even so, little by little the way has opened to such a degree that companies, millionaires and even States have encouraged or authorized its use.
One of the richest men in the world, Elon Musk, has made comments in favor of cryptocurrencies such as bitcoin and dogecoin, temporarily allowing their use in the electric car company Tesla, which triggered, at the time, the increase in their price.
