Iota - Cryptocurrency better than bitcoin
Hello everyone, today i'll tell you why iota is and will be better than bitcoin.
Today's price of iota is $0.50, the price varies between $0.45-0.80. At the moment she has managed to break through $1 ones but it was only for a moment.
The first important thing is that iota is transaction free what makes iota perfect for micropayments, much better than bitcoin in which we would need to pay a fee between $1-5 always when we are doing transaction.
The transactions are immediately. When more transactions are in tangle then the transactions are faster, that's big difference between tangle and blockchain.
http://www.tangleblog.com/ here is everything you need to know about tangle system.
For the price of $0.50 we are buying 1Miota which is 1 milion iotas.
Now i think the most important thing in this crypto is that iota is quantum secure which means in future when humanity will discover quantum computers which will be able to calculate bitcoin system and propably hack it. The reason of quantum security of iota is the more transactions are in the iota system the faster iota is.
This is noting more than that when machines will be paying other machines for services. It sounds a bit futuristic but this i the future which is coming and it's quite close to us.
For example to let you better know what's going on with the IOT (internet of things), in future when we are gonna wash our car in carwash, the machine which will be washing our car will recognise our car because of GPS and internet connections between the machines, after that will recieve the money from our online wallet withoutus even doing anything.
Why should you buy iota?
- because it's free
- because it's quantum proof
- because it's fast
- because in the near future iota will be able to use in machine to machine economy
- because it's inflation free, actually we have 2,779,530,283 MIOTAs and there will be no more
- iota currently is working with Microsoft, Bosch, Sisco and Ubuntu
If we're gonna buy iota right now, every single exchange which will be implementing iota the price will be higher.
The bad things about iota are:
- for now you can only buy it on https://www.bitfinex.com/
- there isn't official iota wallet - the worst thing about iota
- machine economy doesn't exist yet
In my opinion iota is one of the best projects i have ever seen. Iota is a long term coin because there isn't exist such a thing like machine to machine economy yet, we will need to wait for that 3-5 maybe even 10 years but it's worth to wait :)
There actually is an official wallet, but it is only for PC: https://github.com/iotaledger/wallet/releases
The problem is that the wallet is still clumsy and with a sub-par design. C# wallet that is faster is in the pipeline, but not ready yet.
Second, the network is still quite BETA and requires active users. With 'active users' I mean that users have to keep attention and regularly upgrade their wallet and sometimes perform a transitioning to new seeds (=private keys). Not for the faint of heart I would say.
That is probably one of the reasons - besides being traded on one single exchange (Bitfinex) only for now - that IOTA is still a steal. Get'em while they are still cheap.
I dont like wallets which are on github, I dont know why.
I agree with you @wekkel in 100% to get iota as fast as it is possible when it is still cheap haha
There is actually Iota wallet for android, just check it in sklep play :)