What is IOTA?

Cointral Marketing Manager
27 Oct 2019
Blog
What is IOTA?

IOTA is created as a cryptocurrency based on the term Internet of Things. It promises to be a solution to the problems arising from Blockchain technology and offers a technology that is integrated into the future.

The success of Bitcoin’s appreciation in a very short time has proven to be the successful implementation of the Blockchain infrastructure. However, the Blockchain infrastructure has been confirmed to cause many problems for cryptocurrencies on the market.

One of the most important problems identified is the problem of receiving the same amount of transaction fee on an ongoing basis even if the scale of the transaction amount is more or less.

Features of IOTA

As the growth of the Internet of Things continues, the importance of the use of parties and the equal distribution of resources has increased. With these infrastructure services provided by Blockchain technology, it is impossible to completely remove the fees charged for transactions or to reduce them. Because of this, some problems occur.

IOTA has an innovative structure that provides solutions to the problems arising from Blockchain technology. The underlying technology of these IOTA services is the so-called ’Tangle’. One of the most important features of IOTA is the ability to transfer data with Tangle technology.

How Much is IOTA?

As of 20.10.2019, IOTA is traded at ₺1,58. The market value of IOTA, whose daily volume is ₺16.156.699 TRY, is determined as ₺4.394.926.924.

You can also buy IOTA, Bitcoin, Ethereum, Ripple, Litecoin, BNB Coin, Tether, Dash, Cardano, Monero, Dogecoin and more than 1200 crypto coins via Cointral with your credit card at online.cointral.com. You can also visit our branch and make your trading transactions with the help of our expert staff.

Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.