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IOTA is not developed with the computer programming language Turing, such as ETH, and therefore has no reasonable contracts, nor will it be likely that other startups will create ICOs entirely based on their platform. The idea is that due to the fact that IOTA does not require transactions, machines can use their computing power + internet connection to be able to use IOTA as a decentralized communication system. In addition machines could use this as a currency to transfer funds to goods or services they distribute, such as sensor data, control and machine management. Thus, IOTA specializes in low-power processors that are primarily used to run IoT hardware. IOTA raised 434,000 during their ICO, which ran from 24 November 2015 to 20 December 2015. This was an impressive achievement, despite the 4,434,000 appearing a small amount by today's standards. At the end of 201, ICOs were still relatively new, and people still don't believe in them as much as they do today. This indicates that as of January 2, 2018, their current limit is more than 11 billion. It has almost doubled in the last 4 months, so the currency is definitely working well. It is also the 7th largest cryptocurrency by market capitalization, calculated by multiplying the number of tokens by the value of each token. It shows the total amount spent in dollars to buy the currency.
In March 2018, the price of IOTA (MIOTA) was Rs. 46.342and volume of Rs. 5635815.56 with market cap of Rs. 367284518
In December 2018, the price of IOTA was Rs. 3.65 and volume of Rs. 5639657.11 with market cap of Rs. 303811792
In January 2019, the price of IOTA Token was Rs. 7.92 and volume of Rs. 657482 with market cap of Rs. 198003647
In December 2019, the price of IOTA Token was Rs. 63.05 and volume of Rs. 768352987 with market cap of Rs. 1.46004776e10
In January 2020, the price of MIOTA was Rs. 83.54 and volume of Rs. 26547854.5 with market cap of Rs. 1.38470296e10
In August 2020, the price of MIOTA was Rs. 543.755 and volume of Rs. 7.67395638e9 with market cap of Rs. 4.57158976e10
IOTA is a surprisingly ambitious and interesting project. If successful, this will not only lower the price of bitcoin, but will likely become one of the cryptocurrencies that should be made useless. A large number of questionnaires related to the technical feasibility, uncertainty and lack of an open source coordinator, and if it is large.
The IoT aspect The IoT is also very interesting. An interesting proposition is to sell the machine the ability to trade goods for information, services and profits through a network without transactions.
We also have reservations about the ternary IoT processor system. Why not choose binary system Rs. Could this be due to the fact that their CEO David Santebe has experience in developing this type of processor, and so there may be some biases Rs. We are not sure.
It is still one of the most interesting cryptocurrencies with almost limitless potential. We congratulate the IOTA tokens and their team as they dominate the increasingly competitive cryptocurrency market.