Three Key Features That Enhance The Real-World Applications Of The IOTA (MIOTA) Blockchain 

Over the past years, blockchain technology has evolved significantly and speedily. Now, the tech provides fast peer-to-peer transactions, without the need for intermediaries, at very low costs, and almost with no geographical borders.

Nevertheless, some blockchain projects are better than others, and the transaction speed is often affected by the numerous congestions of the networks, while it could be incurring substantial fees. On the other hand, IOTA (MIOTA) have some key features that boosts the real-world applications of IOTA blockchain. Listed below are the three key features:

Unlimited Transactions Per Second

The blockchain of IOTA is dedicated to the Internet of Things (IoT) where all devices would be connected together. Hence, phones, cars, watches, and every other component that runs on software would be interconnected and receive and send data without human interference.

At the time of publishing this article, the blockchain of IOTA can process up to 1,500 TPS (transaction per second) which makes the digital currency and its blockchain tech be the first facilitator for the IoT.

IOTA (MIOTA) Tangle Technology

The Tangle technology has the common features of blockchain technology, but it doesn’t function with blocks. Rather, the IOTA Tangle technology uses DAG (Directed Acyclic Graph). Instead of carrying out transactions through blocks, the transactions across the platform are processed via vertexes.

IOTA Zero Fee Transactions

Since transactions are not validated by miners on the blockchain, the transactions of IOTA (MIOTA) operates at zero costs. This feature has helped to secure more partnership for the IOTA with firms such as Microsoft, Deutsche Telekom, Fujitsu, Bosch, MGER, MOBI, and many more.

As the future will be characterized by the Internet of Things, the digital currency and its blockchain would play a significant role in the future.

IOTA (MIOTA) Price Today – MIOTA / USD

NamePrice
bitcoin
Bitcoin
$7,242.110.357%
iota
IOTA
$0.194-0.09%

At the time of writing, IOTA (MIOTA) is trading at $0.5402 after an increase of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $1.5 billion and its trading volume over the past twenty-four hours is $31.24 million.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.