Very recently, IOTA has been recognized by the Dutch tech firm, ElaadNL which is basically focused on IOTA's Tangle technology. IOTA launched the smart city hackathon, which would be hosted by Hackster.io which is the largest hardware oriented community in the world. In the long run, this might help streamline IOTA's protocol. The technology which IOTA operates on is “Tangle" which will help boost efficiency and streamline the stakeholders' interactions. The IOTA Foundation has recently announced that they are going to remove its coordinator and replace with a voting incentive system.
The partnership with Volkswagen has made the IOTA community members pretty excited about the 2019 developments. IOTA is quite popular in the Distributed Ledger Technology(DLT) operations which has many potential use cases, and it is aimed at transforming many industries. After this, even car companies like BMW and Renault have shown their interest in the blockchain industry.Not only that, IOTA foundation partnered with the startup incubator Nova and aims to fund new startups through "Iota Cofoundery" program, focusing on the early stages of startup development.
IOTA has decided to change is consensus mechanism. To promote decentralisation among its DAG network, the IOTA Foundation ius going to remove its coordinator by adding a voting incentive system.
Nonetheless, the value of the digital currency is one aspect of the project which hasn’t really impressed investors. Some investors are even uncertain whether they should invest in digital currency or not. However, IOTA looks like one of the most promising cryptocurrencies in the crypto space. The future of MIOTA is secure, especially with the recent announcement of the EU parliament.
IOTA has secured a lot of partnerships in several industries, including the automobile industry, the manufacturing industry, and the insurance industry. All the developments and partnerships of the coin might pay off pretty soon, and the coin's value might fly to the moon.
MIOTA Price for today is $0.419485 with a 1.76% decrease in value over a day. Its current circulating supply is MIOTA 2,779,530,283 with a market cap of $1,165,971,230.
IOTA (MIOTA) is a distributed ledger designed to record and execute transactions between machines on the Internet of Things (IoT) ecosystem. IOTA’s platform uses a Decentralized Acyclic Graph (DAG) instead of blockchain used by other systems. The non-profit foundation behind IOTA's platform has also inked agreements with prominent companies, such as Bosch and Volkswagen(German), to extend its platform’s utility among connected devices.
IOTA wants to become the standard mode of the transaction between Internet-connected devices in the future. MIOTA would enable micropayment transactions between connected devices. For instance, it might enable you to purchase grocery items from an e-commerce site using your Internet-connected fridge.
Using Tangle technology, IOTA is designed to be infinitely scalable. Not only that, but IOTA charges Zero transaction fees for transactions taken place on its network. IOTA also aims to solve three problems which are scalability, network speeds, and transaction fees. According to the development team at IOTA, their network is lighter and faster than bitcoin’s blockchain network.
As the market is pretty volatile, predicting the price of any cryptocurrency would not be an easy task, that too for the 13th largest cryptocurrency in the world. But the investors are pretty optimistic about this cryptocurrency. Let's have a look at the forecasts given by some of the investors or the websites:
This crypto prediction website predicts that IOTA might reach $1.13 by 2019 end, which is a very conservative prediction. They even mentioned that by 2020, IOTA might reach $2.37 and bt 2023, $4.88.
Long Forecast predicted that by 2020, it is expected that the coin may be valued between $0.52-$0.60. Even Long Forecast forecasts that IOTA might get devalued by 2020. This forecast is not only conservative but too bearish.
Smartereum predicts that IOTA might reach around $38 by the end of five years. This indicates that they believe that IOTA might increase threefold in five years.
Digital Coin Price predicts that by 2019 end, it might hover around $0.50 and by 2020, it might go up to $0.60 and has the greatest possibility of reaching $1.22 by 2025 according to this website. This is again a pessimistic bearish forecast.
Tradingbeasts.com is a website which regularly updates IOTA predictions based on the historical data. According to them, the IOTA price prediction 2020 varies between a minimum of $7.06 and maximum of $10.38.
Crypto Ground believes that IOTA might reach surge upwards and reach $5.627 by 2023.
IOTA eliminates the security issue most commonly faced in blockchain-based digital currencies, such as Bitcoin. The technology of IOTA has something in common with Distributed Ledger technology(DLT), which was introduced to eliminate the issues associated with privacy in the blockchain technology. Over the last months, the interest of individuals, firms and institutional investors in the digital currency has increased significantly. IOTA even partnered with MOBI (Mobility Open Blockchain Initiative) to provide better security to the trading of the digital currency.IOTA holds a lot of potential for future returns and might reach around $4.20 by the end of 2019. IOTA is one digital currency one should consider when looking for a digital currency with a promising future to invest in.
The IOTA Foundation has signed an MOU (Memorandum Of Understanding) with the City of Taipei where almost 3 million inhabitants can transact data and money with each other with the help of digital ID cards with built-in TangleID, preventing them from being tampered with. This was a huge moment for the IOTA community. IOTA price might increase as high as $4 by the end of 2019 as this year holds many developments for IOTA.
The IOTA project, which has been recently associated with the automobile industry, is set to launch its first working product in collaboration with Volkswagen in Q1 of 2019. The product, called Digital CarPass, will see the network track data such as mileage for the evaluation of car performance in Volkswagen cars.IOTA team has already started the early research and development of a networking broker in IOTA that enables to fluidly switch between different networking protocols while still being connected to the peer to peer network, which is going to get implemented mostly by 2019. By the end of 2019, IOTA would become more popular and its price might reach around $4 to $4.20.
Read more: Top IOTA wallets in 2019
To keep MIOTA in accordance with the needs of embedded devices it is in its early test and development stage of using‘snapshotting’, which keeps the ledger database very small in size and the storage space required is very small. 2020 holds a lot for IOTA as lots of growth and development is on the cards. IOTA's another planned approach to enable the IOTA client running in these very resource restrained environments is to shard the core logic and database amongst different devices that then collectively run it, which is similar to swarm intelligence which enables a cluster of devices to efficiently make transactions without being a full node, but having reduced trust requirements from SPV and light clients(for trustless transactions and validations). This project might be implemented by 2020, which might increase IOTA adaptability rate and increase its valuation to around $6.459 by the end of 2020.
IOTA is predicted to grow exponentially by 5 years and beyond. It is going to work on many upcoming projects, which would take it to a higher level. By the end of 2023, the IOTA price might reach $9.847. IOTA price prediction 2025 might be unique as it might surge dramatically and reach $15 and who knows IOTA might create history by reaching $20 by 2030(IOTA price prediction 2030).IOTA might even go ahead and be ranked up in the top 10 cryptocurrencies list by market capitalization. You can convert IOTA to BTC from CoinSwitch at the best rates.
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2019-06-10 10:01:11.577726 | 2 min