Several factors have gone into our decision when considering the addition of IOTA trading on Bitfinex. Some of these factors include user requests, market capitalization, design parameters, and a thorough assessment of the token’s development process; including the team behind the token, their strategies for solving technical and nontechnical problems, as well as addressing the scaling issues currently confronting traditional blockchain technologies.
As the Internet-of-Things continues to expand, the need for interoperability and sharing of resources becomes necessary. IOTA enables companies to develop and explore new ecosystems of applications by making every technological resource a potential service to be traded.
Bitfinex supports such innovation and finds it in Tangle, IOTA’s blockless distributed ledger which is both scalable and lightweight; the more users on the network, the faster it becomes. Contrary to typical blockchains, consensus is no longer decoupled; rather, it is an intrinsic part of the system, leading to a decentralized and self-regulating peer-to-peer network.
Learn more about IOTA from www.iota.org.
Follow their latest announcements at https://blog.iota.org.
