Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

IOTA (MIOTA) Provides Fuel for the Internet of Things (IoT)

by admin
April 22, 2018
in Cryptocurrency
0
IOTA MIOTA Internet of Things Cryptocurrency Cryptonews

IOTA MIOTA Internet of Things Cryptocurrency Cryptonews

Blockchain is often perceived as a product of one of two places; North America and Asia. As such, it’s fitting that IOTA, one of the top cryptocurrencies by market cap, is both European and not a blockchain at all. Founded in Germany by Dominik Schiener, IOTA is unique from other cryptocurrencies in a variety of ways. First, it uses a directed acyclic graph that they refer to as a ‘Tangle’, rather than the traditional blockchain that drives most currencies. Second, they avoid the need for miners or master nodes by requiring each user to validate two other transactions in order to send their own. This eliminates the massive computing needs of larger blockchains like Bitcoin, while still ensuring the necessary processing to complete all transactions.

Tangle versus Blockchain

The process is referred to as the Tangle due to the visual representation of this sequence. In a blockchain system, each transactions is processed by either a miner or a master node. Once validated, the block of transactions is added to the end of the ledger’s chain, which is updated on every node in the system. The full blockchain can be viewed at any time, allowing backwards validation. In a Tangle, there is a constant, spiderweb of transaction validations by every user on the platform. Each transaction must be validated by multiple other users – but it is still processed exponentially faster than a traditional blockchain. Validations occur in parallel, rather than in a single, linear chain.

Source: Quora
Source: Quora

Powering the Internet of Things 

Although IOTA is the name of the token, investors will almost universally find it listed as MIOTA. This is because an IOTA is small – as the name suggests – and is designed for a very specific purpose. The difference between an MIOTA and an IOTA is the same as a megabyte versus a byte, The exceptionally low price per unit allows IOTA to be used as a currency for Internet of Things devices. Premium data can be purchased for display on these devices, in increments small enough to be feasible for even the smallest payment environment. It monetizes the communication between devices, effectively ‘fueling’ this new ecosystem.

Founded in 2015, IOTA exploded in popularity in 2017. It now sits firmly in the top cryptocurrencies by market cap, with several high profile partnerships. The Chief Digital Officer for Volkswagen now sits on their advisory board, alongside members of Fujitsu’s senior management. IOTA recently revealed a series of electric vehicle charging stations that use their cryptocurrency for payment, a strong real world use case. Overall, IOTA’s unique system and strong partnerships will go far in ensuring their continued success.

Article By: Adam Stone

Tags: appsblockchaincommon stockcryptoCryptocurrencycryptonewsdigital currencyemerging growthEthereumEuropeanInternet of ThingsinvestmentIoTIOTAMIOTAmobileservicessmall capsSpotlight GrowthSpotlight Growth StocksTangletechTechnologyweb apps
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested