The Cryptocurrency That Evidently Has A Promising Future, IOTA (MIOTA)

With the continuing emergence of cryptocurrencies, it is quite a task to point out the ones that will still be here with us in years to come. The available cryptocurrencies have been showing a lot of fluctuations, hence leaving investors confused about where to put their money. Well, recently at Germany’s CEBIT ’18 Expo that took place in June this year, car maker and brand, Volkswagen, confirmed most investors doubts on the cryptocurrency to invest in after it joined forces with IOTA blockchain.

About IOTA (MIOTA)

IOTA (MIOTA) is a cryptocurrency that came into existence back in 2015. And unlike most cryptocurrencies, it doesn’t rely on the blockchain. It uses a tangle that has a platform which enables up to 1,500 money transfers per second between connected devices. With its platform, you can now make micro-payments with no worries since it has no transaction fee.

Its Realities

IOTA’s tangle design which demonstrated that there can be safe transfers of software updates between self-driving cars. It is with no doubts that a lot of car-makers out here are definitely jumping into the boat. Most of the makers are also shifting into making self-driving cars not only to make profits but also stay relevant. Other large car companies like the Audi Think Tank aren’t also an exception as they are already testing IOTA out. Just as the future of cars is self-driving, so is MIOTA a future of cryptocurrencies for investors.

Moreover, IOTA is really trying hard to enable its use in real-life solutions. This is by making peer-2-peer transactions possible without the involvement of third parties so increasing transactions speeds. IOTA’s tangle system has made it possible for electronic devices to transfer and receive data within the network too.

IOTA Pricing

As at the moment of writing, MIOTA is priced at $0.529 and 0.00008139 in Bitcoin. And better yet shows a promising future of increase. It also being in the Internet of Things (IoT) market, makes it hold quite a firm position in the crypto market.

We are not in living the future yet but from the crypto-experts point of view, IOTA is definitely the future. Tyler Winklevoss, the CEO of the crypto exchange Gemini in a statement said, “The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time”. His statement proves that there is certainly a future for cryptocurrency which I bet could just be IOTA.