So what’s all the fuss with newbie – IOTA
It all starts with VW’s I.D Vizzion - a future concept electric vehicle that’s self-driving.
Inside this car, it’s connected to the cloud, networks, 5G, it’s synced with your home, your phone, your office. It knows things because it’s a mass consumer of data – your data, your personal data.
No matter where you are, at any given moment in time you’re fully connected with the car, and the car is fully connected to you, all of your devices and the environment around it.
And the only way this is all possible is thanks to connected devices, also known as the ‘internet of things’ (IOT).
But even more so, this future is connected through decentralised, distributed networks, machine-to-machine (M2M) communication and importantly...M2M transactions.
You see, today, data is one of the most valuable commodities on earth. And through distributed, decentralised ledger technology, M2M transactions and the IoT, how we utilise that data, how we pay for it, send it, store it and spend it, is all set to change.
And it’s thanks to the IOTA.
Special Offer: The most in demand book we’ve ever published… “On special offer for just R99.95!”
Because of the unique technology it is built on, Tangle, not Blockchain, the more users it gets the faster and more efficient it becomes. Whereas Blockchain breaks down and becomes congested.
The reason this is so important says Sam Volkering is that Tangle will form the backbone of IOTA enabling it to deliver “a connected cryptocurrency network to our upcoming autonomous Machine Economy.”
The Tangle ledger is able to settle transactions with zero fees as well as store data.
And it’s this future world of M2M transactions and M2M communication that has some of the world’s best and biggest companies kicking down the door to get involved with IOTA. And for investors with IOTA tech rolled out across billions of global IoT and connected devices, it’s the MIOTA token at the centre of it all that is the token needed to facilitate these nano payments to make it all happen.
Still no clue why this is so great and made the price jump 65% in three weeks - Here’s why…