IOTA is a revolutionary cryptocurrency and platform, created specifically for the concept of the Internet of Things. It does not resemble any other project or coin, which makes it unique and very promising.

IOTA is able to become that transactional fuel that will ensure the implementation of smart enterprises with the participation of machines integrated into one network. Think about the self-service checkouts at supermarkets.

You must agree that these are at times more efficient, and economically more profitable, than using the cashier. Imagine further that in this supermarket you can use tablets to make your choice of goods, and that the supermarket has installed conveyer belts that would feed these products directly into your hands, or into your car.

It is these solutions that underlie the Internet of Things (IoT) – and IOTA’s function within it should perform a connecting role between the nodes of the entire system, covering the payment element of such shopping. The history of this project began in 2015 with the ICO.

During crowadding, the IOTA team managed to collect 1,337 Bitcoins, which at that time was a very small amount. Yet ICOs were not held as frequently in 2015 as they are today, and all of the new ICOs were in the shadow of Ethereum’s. Read more from blockchaintechnology-news.com…

thumbnail courtesy of blockchaintechnology-news.com