Iota Price Prediction: Can IOTA Reach $1?

IOTA is a digital platform and a cryptocurrency designed to support and drive a new collaborative economy between computers, users, and resources. It positions itself as a project created for the basis of a decentralized Internet of Things, hence the abbreviation IoT. All powered devices controlled via the Internet are the elements of the IoT. In many cases, it also ensures automatic interaction without the direct participation of the owner. The developers say that all devices within the network must effectively share and distribute resources to minimize the energy wasted. IoT may lead to another technological revolution, by automating many processes, and by making them more reliable. The technical advances increase the speed of transaction times and security measures for hacks and thefts, of both coins and data. Regarding mining, it is worth mentioning that IOTA's structure does not require miners or mining fees. A transaction is validated by another user, who in turn makes a transaction, thus generating a graph. In this way, validating a transaction also validates previous transactions. For all this process to take place, the IOTA coin designers executed a "genesis" transaction during the first phase of system development; an initial and automatic transaction, considered neutral and "correct by definition" that did not need to be validated. The platform provides its users with fast transactions. Another pleasant feature is the lack of commission, which can be helpful if a user operates with large numbers of tokens. It also has infinite scalability and a fixed money supply. IOTA cryptocurrency is a pioneer in its field and will continue to be in demand since it's decentralized and independent. The Internet of things market is growing and growing every year, in proportion to the emergence and implementation of new technologies. Statistics indicate that the number of "things" connected to the Internet will exceed the number of computers and smartphones and its cost can reach more than $1 trillion. This also includes smart lighting, air conditioning systems, and even whole systems for monitoring communal resources. Many commercial organizations want to apply IoT technology in the areas of logistics, production, utility costs control and they invest in hardware, software, services, and communications networks.