Miota digital currency
Publish: 2021-05-11 11:44:51
1. Miota, eota, is a crowdfunding project in 2014. Its purpose is to use DAG (directed acyclic graph, which is called tangle in iota) instead of blockchain to realize distributed and irreversible (guaranteed by cryptography) information transmission. On this basis, it integrates encryption currency function to serve the Internet of things
it is a revolutionary new transaction settlement and data transfer layer designed for the Internet of things. It's based on a new type of distributed ledger, tangle. Tangle is the name of ledger structure. Tangle is like blockchain, but it uses network structure instead of chain structure, which makes it more extensible and stable
and it has no mining, no blocks, no transaction costs. Its application field is located in the Internet of things, as the technology of data integrity and instrial equipment. In addition, we need to pay on demand for micro payment and machine communication, such as sensor technology, smart city, adaptive system and so on
the goal of iota is to become a cryptocurrency for the Internet of things. As machine to machine connections grow, iota wants to be the currency that drives its transactions. When the project was launched in 2015, 1300 bitcoins were raised through "first coin", some of which were donated to the foundation. Iota is now the 11th largest cryptocurrency in circulation, worth $5 billion.
it is a revolutionary new transaction settlement and data transfer layer designed for the Internet of things. It's based on a new type of distributed ledger, tangle. Tangle is the name of ledger structure. Tangle is like blockchain, but it uses network structure instead of chain structure, which makes it more extensible and stable
and it has no mining, no blocks, no transaction costs. Its application field is located in the Internet of things, as the technology of data integrity and instrial equipment. In addition, we need to pay on demand for micro payment and machine communication, such as sensor technology, smart city, adaptive system and so on
the goal of iota is to become a cryptocurrency for the Internet of things. As machine to machine connections grow, iota wants to be the currency that drives its transactions. When the project was launched in 2015, 1300 bitcoins were raised through "first coin", some of which were donated to the foundation. Iota is now the 11th largest cryptocurrency in circulation, worth $5 billion.
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