Bitcoin has been dominating the news lately due to some incredible landmark heights it has achieved in the last few weeks. It has gained value at a rate no one could have predicted when it was established in 2008. As its value rises over $15,000 this week, discussion over factors that could affect its stability continue to mount. But Bitcoin was only the first of many cryptocurrencies to be developed. Ethereum, Ripple, and Litecoin can all be traded using many of the same cryptocurrency wallets that enable Bitcoin transactions. Today IOTA, a new cryptocurrency designed to streamline the process for use in microtransactions, teamed up with Microsoft and Samsung on a digital marketplace and added $12 billion to its overall value — a growth of 90%. IOTA takes its name from the Internet of Things, a giant network of “intelligent” devices that use cloud resources to communicate with one another. Essentially, it allows users to remotely access the device from another one — for instance, allowing your phone to interface with your refrigerator when you forget your shopping list at home. Read more here…

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