Can IOTA reach 100 dollars? – Katoch Tubes

DeCoding IOTA crypto

What is IOTA

IOTA is a distributed ledger. It is used to manage transactions between connected devices & IoT systems.

IOTA Founders

Launched in 2015, IOTA was founded by Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener. It was originally called  Jinn project.

SnapShot

1. Type: Ledger 2. Token: MIOTA 3. Supply: 2.8 billion 4. Tx Speed: 1000 tps 5. Technology: Tangle

What is Tangle?

Tangle is a system developed by IOTA  in which each new transaction confirms previous 2 transactions.  Saving processing time

MIOTA token

MIOTA is the native currency of IOTA ledger. MIOTA is used to power the IOTA system. It isn't used to pay for  the gas fee

IOTA Advantages

1. No transaction fees 2. Energy Efficient 3. Faster transaction

IOTA Issues

IOTA has serious security vulnerabilities that led to $1.5 million hack in 2020. Moreover, it had scalability issues in the past

Can IOTA reach  100 dollars?

IOTA supply is limited and its growth depends on the adoption. Reaching $100 is tough since we have better alternatives.

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