Review on IOTA by Saleh Bayramli

Hi dears. This time I will talk you about IOTA. It is such an interesting crypto project and worth to learn about it. Let's start.

Each MIOTA coin is part of the larger IOTA Tangle network, driving a "free, scalable and secure transaction settlement layer", which will allow IOTA to "authorize" machines and humans to interact in a new permissionless economy.

blockchains are linked in sequence and all data is stored in blocks. But for IOTA, the distributed ledger technology called Tangle acts as a single tangled flow of transactions, which is why the name of the technology behind the altcoin comes from this.

IOTA is different from Bitcoin and other cryptocurrencies that rely on the basic blockchain by providing a free structure so that the Internet of Things economy can grow without being bothered by costs that require close management and manual intervention. This is exactly what IOTA is looking for. remove from the equation.

Because IOTA does not require monetary rewards, each transaction can store data, not just a value-based settlement.

This kind of Internet of Things economy can also prevent hackers, cyber crimes, etc., by ensuring the validity of all transactions, so that machines can operate freely through the network in an untrusted environment.

These problems are mainly caused by the backlog of transactions on the Bitcoin blockchain. The delay itself is caused by a variety of reasons, ranging from small blocks to the difficulty of the puzzle that miners must solve in order to receive cryptocurrency as a reward. IOTA solves these problems by reconfiguring the blockchain architecture in the Tangle, which is a new way of organizing data and confirming transactions.

After years of narrow trading between US$0.05 and US$0.6, the value of IOTA has steadily increased since the beginning of February this year.

This increase occurred after the development team announced a network update, including the possibility of using IOTA's decentralized ledger for different purposes, such as smart contract development and tokenization. The crypto community responded positively to this news. On the day of the announcement, the asset price soared 18% and since then the IOTA currency pair against the US dollar has achieved a staggering 345% increase. The second phase of the IOTA

Chrysalis project includes upgrades, enhancements to improve network speed, reliability and scalability, and a timeline outlining how the project will continue.