Sounds too good to be true. What technology could possibly be ready to serve as the backbone for the "Internet of Everything"?
Currently only one innovation brings all the needed characteristics, to fully change our economy as we know it. IOTA, a true gamechanger in the cryptocurrency space.
The distributed ledger saga continues, as more and more new projects test the waters of blockchain technology. What if i told you that blockchain is outdated; due to its dinosaur architecture? Lets look at Bitcoin and Ethereum. Both are built on blockchain. The limitations in blocksize and third party interference aka miners, are just two examples that show centralized networks which on top do not scale.
Now lets compare this to a superior technology. IOTA brings the Tangle (Dyrected Acyclic Graph) which does not have any third party interferance and scales. Consensus is reached by each users own proof of work. Simply approving two previous transactions.
The Tangle sets the groundlayer for the internet of everything and also allows for M2M payments.
If you can pay zero transaction fees for the rest of your life...why would you every pay one again?
This is only the beginning for IOTA, as we quickly transition into an interoperating world.
Find out more by reading my blogposts, watch developer videos or visit http://www.iota.org/
Make sure to upvote and resteem:). Stay tuned for more daily content.
Iotaforall
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