Maybe you frequent Coinmarketcap.com or Bitfinex.com and saw this new coin shoot to the top almost instantly. Your asking yourself how a brand new coin could hit such highs in a matter of seconds after hitting exchanges. The problem is IOTA is not new but has been around since 2015 when it had its ICO.
IOTA is a new coin that draws its value from a few factors:
Unlike other cryptos IOTA does not use a blockchain but uses a ledger that looks like this.
It works by eliminating all miners and only using the sender's computer to run the transaction. When you want to send a transaction you will under a PoW or proof of work which will approve two transactions. Because there are no miners it creates a decentralized and scaleable system while having no fees.
Unlike with other cryptos as their usage grows it gets slower, IOTA gets faster with the more users it has. With the implementation of this technology the use of micro transactions is infinite. The no fees allow this coin to be used in everyday situations and adopted into real life. IOTA also offers governance which can help lead the coin in the direction the community wants.
Be sure to remember that IOTA isn't a new coin but one that has made connections and already hold a strong community.
