IOTA (MIOTA) is presently one of the unique digital currencies in the crypto market because of its Tangle system – a revolutionary blockless blockchain system. Thanks to this fascinating blockless system, IOTA can showcase all the potentials of its IoT, promoting the Internet of Things as the future’s economic ecosystem.
Although it is a pioneer in the massive adoption of blockchain technology and digital currencies with having the first digital currency charging station for electric cars which went live a couple of months back in Netherland, IOTA (MIOTA) appears to be facing some difficulties in the crypto market over the last two months.
Volkswagen Partners with IOTA to Present Autonomous Vehicles
Volkswagen – a car manufacturing company – has recognized the incredible potentials in the Tangle of IOTA, due to the fact that the network of MIOTA is built upon DAG, which enables the network to work without the need of miners or blocks. In order to highlight the power of this protocol, IOTA and Volkswagen recently announced that they’ll be demonstrating Proof of Concept (PoC) protocol.
The demonstration took place at the Cebit Expo, which took place in Germany a few days ago, where Proof-of-Concept of Tangle proved to be an efficient model for allowing the concept of cars that are connected with available smart applications that run on a blockless system as provided by the Tangle of IOTA.
IOTA (MIOTA) Gets another Listing
MIOTA has been behaving sluggishly in the market over the last few weeks, but despite that, the digital currency just got another listing. As announced by IOTA and BitPanda, the digital currency has been made available for live trading on the BitPanda trading platform on 14 June.
As stated by the trading platform, IOTA earned its position due to requests from the users of the trading platform. MIOTA is currently ranked ninth, and BitPanda is one out of the twelve trading platforms that had IOTA listed.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.
