IOTA, The next innovation in cryptocurrency?

Bitcoin is climbing up the price to an all time high of $15200 and a small crypto currency has been all over the crypto news. It is none other than a crypto currency called IOTA. Many tech giants like Microsoft, Samsung have been making partnership deals with IOTA team.

So what is this hype all about?

Well as far as i can see IOTA is here to stay!
IOTA differs from conventional crypto currencies like Bitcoin, Litecoin etc when it comes to its underlying technology. It uses a so called "tangle technology" which is unofficially known as "blockchain less blockchain".

What is tangle?
Conventional blockchain tech uses miners to verify and create new blocks and add the transactions to the block. Instead of using miners, tangle uses 2 random users in the network to verify the transaction.When a user want to make a transaction, he has to verify 2 previous transactions. This makes the network miner free thus making it more decentralized and removing transaction fees from the network.
This way unlike the convectional blockchains like bitcoin, litecoin, ethereum etc the more users make transactions, the more faster the whole network becomes. This makes the network amazingly scalable more decentralized and easy to use. IOTA community call it cryptocurrency 3.0.
Microsoft and Samsung has partnered with IOTA to build a market place for data. This has made the price of IOTA to go high as much as $5.50.
I would say IOTA is one of the best altcoins to invest right now.

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