IOTA stands for Internet of Things Application and is just another cryptocurrency like bitcoin.It is a decentralized cryptocurrency which is used to facilitate communications among business and online transactions. Unlike most of the other cryptocurrencies, it is not based on blockchain technology. The role of technology has increased in our day to day lives. Physical devices such as cars, electronic devices, buildings, etc are all connected and allow an exchange of data among themselves.IOTA coin is developed on the interface of this present and future industrial revolution of the Internet of things (IoT).

IOTA Coin was founded in Germany in the year 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. IOTA foundation looks around the development and cryptocurrency market of IOTA coins. In the beginning, a market supply of 2,779,530,283,277,761 IOTA coins was issued. However, there is no mining in case of IOTA; no more IOTA coins can be generated. Few months after the launch, it converted its platform into an open distributed system where more iota coins can be processed.

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Blockchain-based cryptocurrencies like bitcoin are created by miners. The process of mining involves solving a difficult mathematical problem with a 64 digit solution. Whenever each problem is solved, a bitcoin is generated. IOTA, on the other hand, removes this heavy transaction cost. IOTA coin is a completely open source and nonprofit organization which is focused on building IoT solutions. The process differs from bitcoin mining and there are no transaction fees involved. For an IOTA coin user to make a transaction, he or she has to confirm two other random transactions.The above statement sounds technical but it simply means it is decentralized and as more and more transactions have been verified. This leads to a faster network as more people use IOTA.

IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was used. IOTA Token key innovation is Tangle, a system of nodes used for confirming transactions and it is a decentralized platform for transactions between devices. Seeing the upward trend and the future technology, one can plan to invest in IOTA coins but it depends on the risk appetite of an investor. You can only purchase IOTA in exchange for another cryptocurrency such as Bitcoin and Ethereum. You cannot purchase IOTA coins directly with traditional cash. You have to first purchase other cryptocurrencies then only you can buy iota coins. However, considering the volatile values of IOTA and the cryptocurrency market being in infancy, it can turn around into a very risky investment. Also, it is not a legal tender in India.

As of September 10, 2020 Conversion rate for IOTA to INR for today is ₹21.58. It has a current circulating supply of 2.78 Billion coins and a total volume exchanged of ₹729,659,648.The price movement for IOTA has been very volatile which makes it a very risky investment. In the initial months of the launch, it had shown upward and downward trends frequently. However, in the last two months, it has seen an upward trend in the market. IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring.

Highly scalable- IOTA uses a DAG data structure allowing transactions to be added in parallel, unlike blockchain alternatives. Low resource requirement- Designed for devices, such as sensors, to participate in a low-energy network. Zero-fee transactions- Send 1 cent, receive 1 cent. Send $1,000,000, receive $1,000,000 Fast transactions- IOTA transactions are confirmed within minutes. Optional Quantum Robustness- With Winternitz signatures IOTA is resilient to the next generation of computing. Distributed- A globally distributed network, IOTA is resilient and robust against attacks.

Step 1: Signup and BUY MIOTA to the trusted IOTA wallet through website and get started with BuyUcoin Step 2: Provide the login credentials of your email and password to create a new account to access your IOTA platform. Step 3: There will be more than one option to create a wallet choose the one that is accessible easily and compatible for your device. Step 4: Your account is created now. Step 5: There are more than one ways to deposit your assets choose the right fit. Step 6: Once you satisfy the verification and requirement you can easily buy IOTA tokens.

The IOTA platform is backed by industry giants in the domain of crypto exchangers. You can buy MIOTA directly using the best crypto exchanger named BuyUcoin because you can and save MIOTA in a Trust wallet which is highly compatible for IOTA.

There are many global crypto currency trading platforms offering fast and secure exchange of MIOTA to INR and INR to MIOTA where it can be sold in peer to peer transacted and easily monetized.