IOTA (MIOTA) Primed to Spearhead the 4th Industrial Revolution

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It is undeniably true that the single biggest potential for positive human transformation lies in the Internet of Things, IoT. This market is rapidly growing, and within the next two years, it will achieve an unrivaled level of development. Since its release, IOTA (MIOTA) has enabled people the world over to gain new, meaningful insights of the IoT and the entire industry itself. The continued boom and success in the market of cryptocurrencies like IOTA, litecoin, dash ripple has proved that the way to go in the future is full decentralization, as opposed to the more traditional system of the centralized currency market.

A good number of people had for some time come to believe that the blockchain would rule forever, that it was here to stay. The emergence of IOTA as the ultimate altcoin has thoroughly debunked this notion. Many have now come to realize that it is IOTA that will transform our economy. IOTA is the ultimate cryptocurrency that will totally revolutionize the old system of banking.

Image 2 – IOTA (MIOTA) Source: https://coinmarkecap.com

The core focus of IOTA (MIOTA) is on Machine-to-machine (M2M) transactions. It serves the machine economy by allowing for machine payments that are feelers. To do this, this revolutionary cryptocurrency is designed to go beyond the blockchain system that is employed by other cryptocurrencies like the Bitcoin and Ethereum. It is unique in the sense that it is the very first cryptocurrency to provide an entire ecosystem that is hinged on blockless blockchain, referred to as Tangle. By using Tangle instead of Blockchain, IOTA provides real-time transactions that are lightweight, fast, secure and thoroughly efficient. It is specifically tailored for the Internet of things to provide a service that is flexible for scale.

The fact that there are millions of electronic devices that connect humans to each other today creates a real-life challenge: the issue of scalability. This refers to the enormous challenge of infrastructure, software and hardware standards. In a few short years, the challenge caused by interconnecting all the devices will cause a problem that might be very hard to surmount. The most recent tech developments in the world of cryptocurrency have clearly demonstrated this. So, what is the role of IOTA in providing a solution to this state of affairs?

In IOTA lies the solution to the challenge of scalability. Each new transaction done automatically verifies a couple of other transactions. Scalability, therefore, rises with adoption. The scalability of the network becomes infinite as more and more people carry out transactions.

Additionally, IOTA has the capability to offer efficient offline transactions through the use of sub-tangles. This means that applications used in industries and supply chain outlets can carry out transactions while offline, as the sub-tangles simply reattach to the main Tangle when the nodes go online.

In a nutshell, the IOTA is the revolutionary cryptocurrency of the future for the following key reasons:

i. The promise of indefinite scalability.
ii. Feeless transactions and payments.
iii. Offline transactions that offer all the needed convenience.

Indeed, IOTA has been hailed as the ideal means to create the right environment for the Internet of Everything (IoE)! The IOTA foundation offers the interconnectivity that can allow systems to communicate, connect fully and ultimately evolve in the desired direction. It will be possible to send incredibly large amounts of data between different devices within a very short time. Herein lies the key to the much anticipated new economy. In brief, IOTA will be at the forefront of creating the 4th Industrial Revolution.

Human beings the world over have come to be overly dependent on the internet. If the internet were to go down the world over, even for a few minutes, the result would be catastrophic. It is therefore foolhardy to rely on only one type of interconnectivity. IOTA provides the protocol needed for devices to communicate through other channels like LoRa, Bluetooth, ZigBeee, and Z-Wave. Indeed, IOTA provides an alternative means of connectivity that goes beyond just the internet.


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17 COMMENTS

  1. Don’t believe all the hype here, because everyone is trying to pump the price. IOTA does not currently meet what it has promised, and probably never will. It’s built on hype of IoT and “partnerships”. The technology doesn’t work. Transactions take days or weeks, as there’s no incentives to run and secure the network.

    • Don’t believe to other people, but always do your own research – golden words. And I do that every time. And I have done it in IOTA too. And I have to say I am pleasantly surprised. What the people mention here is only the tip of the iceberg. IOTA is realy great project with the new generation of technology.

    • Complete B.S. I send Iota quite frequently and I can assure you it doesn’t take “days or weeks” to process. Being part of a technological revolution is enough incentive for some, without needing compensation. Sounds like you’ve adopted a completely capitalistic outlook on life.

  2. IOTA is great project with huge potential in future. Internet of thing will be very big market with lots of players, but IOTA is one the first and will be the biggest. The grow of price now is only reaction to great news about partnership with companies like Microsoft, Samsung, Fujitsu, etc….and it is only one new. Project will be developed and more and more news will came. What do you think it make with price…will be bigger and bigger. For potential investors is this great opportunity.

  3. good article but you must remember that many tech were often considered “ahead of their time”. electric cars didn’t really take off until Tesla, tablets didn’t really take off until iPad, and so on. while the theory sounds great but there’s also a very big chance that majority of people might not adopt IOTA and instead wait for another company (with bigger budget) to come with similar idea.

    Don’t get me wrong. I don’t hate IOTA but people always slow to adopt to new technology. ethereum is rising like crazy this year because they “ride” the blockchain hype which was established by bitcoin in the first place. IOTA might be the next rising star but they might not be. it’s still too early to tell.

    Let’s just wait and see. I hope their developers can fix the wallet issues. I heard David will introduce a very interesting thing in Q1 2018. That would be the “make or break” moment for IOTA

  4. We are lucky to be at the begining of this new technology and we can add it to the portfolio at very good price and then just enjoy the growth, in 1-2 years, there would huge IoT market with billions of devices. IOTA would revolutionarize the IoT industry, there is currently no other technology that can handle the ammount of requests needed for IoT devices communication. It even works offline and also through other protocols as Bluetooth, Zigbee etc.

  5. IOTA has a potential to became a mainstream in everyday use, if BTC or ETH will not solve problems with transactions and fees. In these days, there is only one way for IOTA and it is the way UP!

    • If you will have choice to choose between fees and no fees in your every day payment,
      What you will choose ?
      This is why only currencies like IOTA will survey in future.

  6. Yes, IOTA and DAG technology system are a real revolution in the cryptoworld. Everyone should have some IOTA in his crypto portfolio because the IOTA price can change very quickly and then everyone will regret that didn’t invest sooner and more. IOTA show us very big progress in this direction.

  7. IOTA is truly revolutionary. IoT is main use, but when the development and people will see potential in other branches, I don’t know why IOTA cannot be solution for IoE and regular money transfers. Like everybody see BTC and ETH are unthinkable for daily use. Maybe in future develpores solves issues with scalability, but with IOTA we have the solution now.

  8. IOTA was made mostly for the Internet of Things, but it’s true that if Bitcoin will not quickly solve its high fees and slow transactions, IOTA might become mainstream also for regular payments. With no fees, it’s quite tempting.

  9. if the blockchain does not solve its problems and the BTC and ETH will be a little bit unbalanced, people will not be as well as companies looking for another option more suitable for trading, which the DAG system and IOTA offer.

  10. IOTA and bitcoin two most valuable coins nowadays, moreover IOTA can be used for hedging the bitcoin price if you can buy IOTA via fiat money

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