IOTA, along with the rest of the cryptocurrency markets, has taken a beaten over the last week as prices drop by up to 25%.
MIOTA (1 million IOTA – hereby called IOTA) is currently trading at $1.27 down 37% from a price of $2.04 30 days ago.
IOTA is a cryptocurrency dedicated toward the Internet Of Things and has been dubbed as the third generation blockchain. This means that it is dedicated toward being able to be used by both machines and humans. However, IOTA is different from most currencies in the sense that it does not use a blockchain of any sort. Instead, it has been built off of a new distribution ledger technology known as Tangle.
The use of Tangle causes the removal of miners from the entire process as everyone plays an equal role within the network as they verify each other’s work forming a ...
IOTA Technical Analysis #001 – Can IOTA Find Support Before Reaching $1?