IOTA became a trending cryptocurrency in a very short period of time. IOTA is nothing but the revolutionary new CryptoCurrency built on Tangle (read: Whitepaper). A blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.
You can buy IOTA, like other cryptocurrencies by using something called a Crypto Exchange. Please click below for guide on how to buy IOTA on the exchange you wish. In this article, we will show you how to buy IOTA in the USA using Binance Crypto trading website.
About IOTA
IOTA
Date of Launch: June 11, 2016.
Coin Supply: 2,779,530,283,277,761
No blockchain. Uses Tangle Technology.
Uses SHA-3 in Proof of Work (POW)
So what makes IOTA special? It solves the three main problems that are associated with cryptocurrency ecosystem, i.e., scalability, offline transaction and transaction costs. Let’s learn about the tech behind IOTA.
IOTA in News (Partnerships)
IOTA is all over the news. Its price has surged 600% this month, making it a lucrative option for investment.
The latest partnership with Microsoft has started a bull run for IOTA as more and more people have started investing in it. It is not the first time those big companies are partnering with IOTA. You can find the whole list of IOTA partners here.
IOTA: Top 3 by the end of 2018?
The ICO for IOTA started in 2015. It started small but gained a lot of traction when it got listed by Bitfinex. Right now, it stands at 5th position on coinmarketcap. It shows immense promise as it solves significant problems such as transaction fees, offline mode, and scalability.
There will never be a fork, unlike other cryptocurrencies. Instead, the more nodes the network joins, the better the network will become. It will become faster, more secure and scalable.
Considering the market cap and the growth that IOTA is showing right now, it will grow more in the upcoming weeks or even months. Breaking top 3 by the end of 2018 is a different story. It can reach 4th position, but it is hard for it to beat BCH for now.