IOTA (MIOTA) Crypto Review: The Tangle
IOTA (MIOTA) has the whole crypto community buzzing could this be the evolution of the blockchain? We all know technology changes quickly, and IOTA is intriguing from a crypto investment perspective. If the project does what it says it will do there is much to anticipate.Has the machine economy already started? Exciting times indeed I’m feeling right about the project regardless of whatever happens it’s a good concept, and I’ll be honest I’m pretty optimistic about this crypto investment. I haven’t felt this confident in a crypto project in a very long time. The last time being when I first invested in Bitcoin when it was valued at a dollar per coin. Thanks, Blackhatworld because of the popular internet marketing forum I was able to take advantage of a tremendous opportunity.
I’ll admit I’m not the most technical person in the world and perhaps I’m not the best person to ask if your curious about how Iota works and what is the Tangle? I can, however, spot an opportunity and have made some good choices while investing in cryptocurrencies that have proven to be very lucrative.
I will be reviewing IOTA as a crypto investment and the four key areas that I consider before making a considerable investment in a crypto project. The four areas will be the following:
* Introduction– What is IOTA?
* The Team– Who is behind this crypto project?
* Marketing– Can they efficiently market IOTA?
*Investment Analysis– Will Iota be a profitable investment?
IOTA (MIOTA) Cryptocurrency Review: Introduction
IOTA can be described as an open-source distributed ledger protocol that goes further ahead of the current blockchain technology through its core invention of the Tangle. The Tangle is a quantum-proof directed acyclic graph that has no fees on transactions & no fixed limits on how many transactions are confirmed per second on the network.
The current market cap is valued at a staggering $2,426,335,370 USD. The total circulating supply of Miotas is 2,779,530,283. IOTA has a high market cap and supply of coins in circulation but since I consider it a game changer in the crypto world I do believe that the market cap has a lot of room to grow. I believe it will become a top three cryptocurrency by the end of 2018 or early 2019.
So where can you buy IOTA? I would recommend purchasing Iota from the Binance Exchange, and you might even want to leave it on the exchange until they release a more official user-friendly wallet. If you leave Iota on the Binance exchange, then make sure you enable Two-factor Authentication as it will help secure your account better. Enabling Two-factor authentication on any exchange happens to be a good idea if you have the option. If your confident that you can handle the current official wallet then, by all means, transfer your coins to the wallet as it’s the safest choice.
IOTA (MIOTA) Crypto Review: The Team
Essential members of the IOTA Foundation are David Sønstebø (IOTA founder), Dominik Schiener, Serguei Popov and Sergey Ivancheglo. The remaining members of the foundation are composed of highly motivated individuals that will assist in the ongoing promotion and development of the Iota project.
Partnerships there are many rumors, but I have not seen any official announcements however it is speculated that the Tangle platform is already being explored by more than thirty significant corporations. Some of these companies are rumored to include Bosch, Cisco, Innogy, Microsoft, Canonical/Ubuntu SAP, UBS and, one of the world’s largest automotive manufacturers.
IOTA (MIOTA) Tangle Review: Marketing Strategy
The technology is so fresh and game-changing that honestly, It markets itself. IOTA has a massive following on Reddit and Twitter. The Founder of Iota updates Iota investors and enthusiasts often on the official blog.
As a crypto investor, it’s nice to be often updated by the developers and community, and this is an area that IOTA has done exceptionally well.
IOTA (MIOTA) Token Review: Investment Analysis
Obviously, I’m positive about IOTA, and it focuses on becoming the backbone of the Internet-of-Things (IoT). The project, however, is still in its infancy and could take many years to mature if you do choose to invest in IOTA do so because you believe in the project.It could be many years before you see significant gains in your investment. Bitcoin when I first purchased it was similar to the current valuation of IOTA but fast forward to the present and Bitcoin is now worth over 8,000 USD per coin. I believe in time patience will reward those that hold IOTA. The Tangle has started, and we are now entering a brave new era.
(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)