IOTA Is down by Nearly 50% in a 7-Day Period
As most cryptocurrencies start recovering from yesterday’s cryptocurrency calamity, IOTA, a cryptocurrency designed for the Internet of Things (IoT), has suffered an 8 percent loss in the past 24 hours. The cryptocurrency has already lost nearly 50 percent of its value in the past 7 days, according to data from CoinMarketCap, as the cryptocurrency’s market cap dropped from $1.064 billion to $577,483 at press time. IOTA’s token is now worth $0.207763 and its price decrease, at this point, reflects the currency’s volatile history. IOTA was launched on June 13 and when it did it immediately....
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IOTA has undergone one of its most important milestones since its inception, on April 29th the Chrysalis Network went live. Improvements in efficiency, security, and scalability were deployed. While developers work on its next major event, the Coordicide, the IOTA-based ecosystem keeps growing. As part of Chrysalis, new dApps have made their way into the […]
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The IOTA cryptotoken powered Tangle ledger to meet the distributed ledger requirements of the IoT industry. Cryptocurrencies, blockchain and the Internet of Things (IoT) are going to be the future. The IOTA tokens combine the goodness of all the three into one. However, unlike Bitcoin and other cryptocurrencies, the IOTA micro-transaction token is based on Tangle ledger specifically designed for the Internet of Things related applications, way back in 2015. According to publications, the IOTA powered Tangle ledger is ideal for machine-to-machine payment transactions, with particular....