Iota Price Today in India is ₹ 14.36 with a 24-hour trading volume of ₹35,57,83,310. Which makes them relatively centralized (2 bitcoin mining pools occupy about 56% of the hashing power).
If this size is increased tenfold, few computers will be able to dig it. Currently BTC is over 150GB long and the same ETH. Another problem with Blockchain is size, because more and more blocks are added, the longer Blockchain runs, the fewer computers will be able to accept it. The main goal of IOTA - to solve some major problems with Blockchain technology, the main of which is that the more Blockchain (such as Bitcoin), the slower it is, more expensive, and even more restricts it from the actual transfer of funds. However, a particular processing power is required to submit a transaction, making it ideal for machines to use them as currency and a distributed IoT protocol. IOTA is a cryptocurrency that has no transaction fees and does not require miners to process transactions. The IOTA team decided to create their own cryptocurrency technology instead of using or patching up the blockchain. Many of the new platforms are trying to solve the biggest problems with Blockchain technology, and IOTA is one of them. 2018 will be the most important year for cryptocurrencies. This article explains what makes IOTA so special, and describes its market, price offer and their details. IOTA currently ranks 7th in the largest cryptocurrency in terms of market capitalization of $ 11 billion (twice the ICO at launch), making IOTA one of the most exciting platforms in the world.
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