With the pure objective of IOTA being to guarantee an anytime-anywhere accessible decentralized payment system, be it micro or nano, it offers solutions that warranty data integrity without any compromise on security.
Designed to enhance the m2m economy of the Internet-of-Things (IoT), IOTA was introduced way back in 2015 as a quantum-resistant distributed ledger protocol. Talk of money or making money – IOTA is the ultimate solution. Conceptualized to address issues, as aforementioned, pertaining to scalability, IOTA bases its fundaments on making lives more empowered and expeditious. Emerging as the most promising solution to scalability, this distributed ledger technology (DLT) has been the root of the genesis for MIOTA or more popularly called IOTA.Ī revolutionary concept, IOTA empowers the Internet of Things (IoT). Here comes the role of distributed ledger technology that supersedes the entire gamut of blockchain-based solutions providing answers to all questions that until now remained unanswered.ĭistributed ledger technology is an altogether different concept that people most often tend to confuse with blockchain-oriented cryptocurrencies like Bitcoin and Ethereum. However, when it comes to meeting accessibility issues, blockchain has its own limitations. Indeed blockchain has immense potential with a lot of advantages to offer, especially in terms of security and speed of data transfer. The web is replete with information and advantages of Blockchain technology.
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