To all new Crypto Investors that wished they bought Ethereum or Bitcoin when it was still below $1.
Well Iota is finding it's value currently around $1.
IOTA is not based on the Block Chain technology but it is a revolutionary technology.
It will work with Tangle - Tangle is a directed acyclic graph DAG
As we can see it is more a web then a Block Chain. IOTA is a platform that will support and does already support other projects that want to use this technology. This will be good for the IOTA platform and also the IOTA as a crypto on the market. I think the value will go up like it did for Ethereum in the coming years. I would not suggest daytrading this coin.
o Web consists of different nodes that verify the transaction. The nodes close by verify the transaction. (Block chain miners verify the transaction for the Block chain)
o Building down instead off on top like block chain
o It has an unlimited scalability and also data growth
o No forks
o Attacks become almost impossible (More secure)
This could be a BITCOIN KILLER – No fees and very fast transactions
Foundation: Machine to Machine communications -> Big technology market
Machine economy is already automated more en more every day. IOTA can make machines smarter for buying/selling goods. Optimizing your machine at a data level. IOTA wants to solve the micro transaction problems for machine to machine.
If you want to know more about how it could be used for machine to machine communications I think the video below will give you a better idea from the techincal site. This Youtuber "Ivan on Tech" explains it i a very good way so new people will learn from every video. Follow him to find out more.. https://www.youtube.com/channel/UCrYmtJBtLdtm2ov84ulV-yg
But be carefull guys, you never know which problems the team will have to face. Be wise when making a buy at IOTA.