IOTA

In a nutshell

In a nutshell

• open-source, permissionless distributed ledger. Instead of using a blockchain, IOTA uses a directed acyclic graph (DAG) as its protocol called 'The Tangle'

• IOTA had ICO in December 2015 where it raised just over half a million dollars and began open beta testing on July 2016

• Zero tokens were held for the developers/founders and IOTA is ran by non-profit “IOTA Foundation” registered in Germany

• Biggest selling point of IOTA is complete lack of transaction fees

• Capacity of the network scales proportionally to the number of transactions on its network so unlike with Bitcoin or Ethereum number of transactions won't be an issue

How is it used?

How is it used?

• By using the network, the user also serves as a validator of other two tansactions on the network by conducting the “proof of work"

• This means there is zero fees to send money, the network has infinite scalability, requires no centralisation and is safe from spam attacks

• This also means there is no mining involved and all of the coins are already in circulation

• There are several different types of wallets available for different platforms

• While currently mostly serving as a payment system the ultimate goal is to become the backbone of Internet-of-Things (IoT) which connets all smart devices

Where does it fit?

Where does it fit?

• Currently mostly used as a currency and due to lower transaction times and no fees is already superior to Bitcoin

• Transaction times will improve further once more people use IOTA

• It is however still rarely used by any online business so broader adoption is needed, same with wallets: only usable on IOTA wallets and not available on any hardware or multi-chain wallets

• Aiming to be the backbone of the 'Internet of Things idea' where all smart devices are connected to eachother via The Tangle this includes buildings, and other items embedded with electronics, software, sensors and network connectivity

• The ultimate idea is to create 4th Industrial Revolution via machine-to-machine economy - where machines will be able to pay its assembly, its maintenance, its energy and also for its liability insurance by giving data, computing power, storage or physical services to other machines

Why is it undervalued?

• The Tangle is a unique technology that doesn't really have any direct competition

• If used purely as a payment already very good since there are no fees, infinite scalability and payment are super fast

• The future potential is incredible with 'Internet of Things' and machine-to-machine economy

• Very busy development and constant adoption for new businesses

• Currently only available on Bitfinex, once it's listed on other major exchanges the volume and price will potentially increase

Why is it undervalued?