A company called com2m developed a prototype for a water pump that can be used in a conflict zone where the supply of water from one point to another is difficult. The implementation of IOTA technology enables the distribution of data without the intervention of the parties involved in the conflict. Unlike other blockchains, IOTA's distributed ledger allows transactions to be stored on the platform which is more convenient to monitor rather than storing transactions in the blocks.
IOTA has decided to change is the consensus mechanism. To promote decentralization among its DAG network, the IOTA Foundation is eliminating the requirement of a coordinator to validate the transaction. The transactions are going to be completely coordinator-less validated, which can give competition to smart contracts networks like Ethereum, Cardano etc.
There are 3 stages to reach Coordicide (an event to permanently remove Iota's coordinator). The IOTA foundation has already entered the first phase of the change which is called Pollen. Pollen serves as a research base to validate Coordicide concepts. Post this the next stage is Nectar, wherein an incentivized testnet will be undertaken to identify bugs before the final release. The last stage is called Honey which will incorporate all the final Coordicide modules representing IOTA 2.0
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 $0.275449 with a 1.17% increase in value over a day. Its current circulating supply is MIOTA 2,779,530,283 with a market cap of $765,619,855.
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. IOTA price might be stable in the upcoming days as the crypto world might take a bullish turn.
As the market is pretty volatile, predicting the price of any cryptocurrency would not be an easy task, that too for the 24th largest cryptocurrencies 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, as per IOTA news (MIOTA news):
This crypto prediction website predicts that by 2020, IOTA might reach $2.37 and by 2023 IOTA can go up to $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 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 2020. 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 2020 as this year holds many developments for IOTA.
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 $4 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 2025, the IOTA price might reach $9.847. IOTA price prediction 2025 might even be unique as it might surge dramatically and reach $10 and who knows IOTA might create history by reaching $12 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.
By 2030, IOTA is going to reach a whole different level altogether, wherein IOTA community shall rise and the developers are going to be technically upgraded about the latest innovations in the blockchain technology. IOTA might even reach greater heights, more than what's expected out of it. By 2030, IOTA might reach $12.43.
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