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Why IOTA is a Project that is Going to Last

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IOTA
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For a lot of people, IOTA (MIOTA) is an exceptional cryptocurrency, one that deserves a lot more attention than what it is getting. It is definitely a project made to last, with a heavy focus on connecting the space and being the bridge between different technologies.

Another thing that makes IOTA unique and special is the fact that it belongs to a handful of cryptos that are not based on blockchain technology in a usual sense. Instead, it uses a technology called “Tangle” in order to operate. This technology has numerous potential use cases, with experts believing that it can transform countless industries.

Even so, there are many that are still not impressed with IOTA due to the fact that its coin has not performed as well. The opinion of the project usually goes one of two ways — investors are either skeptical and unsure whether they should get involved or are thrilled with IOTA, claiming that it is the most promising project in the crypto space.

When it comes to opinions of IOTA outside of the crypto space, they are mostly quite positive. IOTA managed to enter partnerships in numerous industries, with the biggest ones being with carmakers, the insurance industry, the IoT space, and manufacturing industry. While its coin failed to grow even after these partnerships, many believe that it will happen as soon as the market is ready to allow it.

How IOTA connects other technologies

DLT and IOTA’s Tangle have a lot of similarities, but there are also some aspects where Tangle is clearly superior. One of them includes security, which IOTA managed to ensure due to the fact that it is “blockless”. Its technology was developed as a solution to numerous flaws observed in blockchain technology. Through its evolution, IOTA became a perfect way for connecting different technologies and providing a method for machine-to-machine communication.

As a result, it can connect IoT devices into a single large network, one that would provide better security and make communication easier. The same thing can be done with cars, especially now when self-driving and highly-digitized cars are slowly becoming a new norm. By connecting them all with IOTA technology, these vehicles will be able to receive new upgrades without ever having to line up for manual upgrade.

Each connected device or piece of technology can serve as a validator of transactions, which also solves the issue of micro-transactions that other blockchains are struggling with to this day. Due to such levels of connectivity, IOTA is also perfect for things like tracking shipments, logistics, fintech, and likely even smart homes.

IOTA is still developing rapidly, and its story is only beginning. It has the potential to become one of the largest projects in a few years, and definitely one with the largest real-world use cases. The current behavior of its coin is of small consequence considering the use cases of this technology. And, as the two are tied together, they will likely share the same fate, and the coin will skyrocket as well, in time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Top 3 Cryptos to Serve as an Alternative to Bitcoin

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cryptos
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The crypto market continues to struggle on its way of reaching mass adoption, with most people focusing on Bitcoin. However, Bitcoin still has its fair share of problems, a few of which are quite challenging, with no guarantee that they will ever be fully solved.

While Bitcoin is, and has been the largest cryptocurrency from the moment it was created, there is no guarantee that it will remain at the number one spot forever. While this is mostly what skeptics tend to say, it is still a possibility that cannot be ignored. With that in mind, here are top 3 cryptos that might serve as an alternative to Bitcoin in the future, or maybe even now, considering how high its fees are, and how long its waiting periods tend to be.

1. XRP

XRP has become known as a ‘remittance coin’ due to its goal of providing better, faster, and cheaper international transactions. It was created by a company called Ripple Labs, and so far, it has been one of the best ways for sending money cross-border. It works in combination with Ripple’s products such as xRapid, fueling it and allowing for near-instant transactions at low fees.

The company has decided to offer its products to banks around the world, and most of the financial institutions decided to accept the offer. This is their way of trying to…

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Why HODLing XRP, BAT, and EOS is a Smart Idea

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HODLing
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The crypto market continues to grow, even though the prices of its many coins were severely damaged during the so-called ‘crypto winter’ of 2018. Even so, the market has grown a lot, and it currently features over 2,100 digital currencies, all parts of their own projects, with a goal of making an impact and entering the mainstream.

Of course, it goes without saying that not a lot of these coins have real potential. Many of them came to be during the ICO craze of 2017 and early 2018 when investors were willing to buy just about any coin. As a result, new startups emerged, each offering its own cryptocurrency. Most of these coins are believed to be bad projects with no future, with only a matter of time before they are declared ‘dead.’

However, there are several coins out there which are worthy of investing in, as well as HODLing on to them. Three such coins that we will focus on today are XRP, Basic Attention Token (BAT), and EOS.

XRP

Let’s start with XRP. This is a coin created by a company called Ripple Labs. As a result, the coin has a strong connection to the company, which many have taken as proof that it is not a real cryptocurrency, that it is centralized, and that it will eventually fade away as a bad project.…

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Why XRP is Worth Much Less than What Fans Expect

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The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.

From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.

Why Fans expect an increase in value

Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP

Many people have raised arguments…

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