IOTA is the new kid on the block in and it's one of the most promising projects. IOTA isn't hyped and that makes it also one of the most undervalued projects. The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger, which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. I will give three reasons why IOTA distinguishes itself from the rest.
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1. Internet of things
Internet of Things (IoT) holds one of the biggest potential for human life change. It might become the fastest growing market in next couple years according to a lot of companies and analysts. IOTA wants to be a key player in the development of the Internet of Things and that will be in their advantage in the coming years because they are ahead of everyone else. In the following figures, the potential of IOT is given.
2. Zero fees and transaction costs
The Tangle makes it possible to make transactions without any fees. Imagine withdrawing money from your bank account on vacations without paying high transactions fees. Do I need to say more about this? No transaction fees are made possible by the Tangle that connects all devices.
3. Getting big companies behind their product
IOTA is getting big companies behind their idea with the Trusted IOT Alliance. The IOT alliance is founded to support the creation of a secure, scalable, interoperable, and trusted 'Internt of Things' ecosystem. Getting companies behind IOTA is a serious step toward global and wide acceptance. This alliance ensures that further developments for IOTA and IOT have been established. Along with academic research, the IOTA Foundation is actively developing the Tangle ecosystem in an effort to create an environment that’s functional, as well as attractive to enterprise and individual users.
In need to admit that IOTA is not the most practical project yet. Their light wallet and payment system still need to have a lot of updates but the updates are already announcement yesterday. The development team is very quick in their development and has already overcome bigger challenges. Buying IOTA today means buying before the major adoption. I think that IOTA will make a big boom when it's more user friendly and traded on more exchanges. But that is my opinion, decide for yourself if this is your project or not.
Let’s keep this BOOMING!
UnknowCrypto
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