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IOTA Technical Analysis

What is IOTA

IOTA is a distributed ledger but its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains and an ideal footprint for the ever-expanding Internet of Things ecosystem.

There are no miners, and fees as it is not a blockchain. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.

IOTA’s goal is to become the best platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024.

The team behind IOTA believes their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, paving the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products.

How to buy Sell IOTA in India

To buy and sell IOTA, you need to have an IOTA wallet and an exchange account.
The Easiest way to trade in IOTA is using the Indian Crypto Exchange WAZIRX
Click here to Open WazirX account and start buying and selling Crypto in India.