What’s The End-Of-Year Plan For IOTA?

IOTA has a great shot in becoming one of the best performing digital currencies in the next few years and this is only because it solves one major issue that Bitcoin can’t get rid of is transaction fees.

This absolutely means that more people are likely to be attracted to IOTA because of the ability to easily transfer money and because of its ability to solve real-life problems. This also means that retail companies and any other kind of companies can benefit from this.

Also when we discuss IOTA we should mention its Tangle mechanism. The Tangle grows every day and each day more participants perform transactions so the entire system becomes safer and faster. IOTA also is trying to establish itself as the backbone of The Internet of Things. With the growing number of the connected devices, a very powerful and central network backbone is a must.

In an interview with Bloomberg, the co-founder of IOTA Dominik Schiener shared his beliefs for new partnerships. He sees them as a potential opportunity for the “next growth cycle”. What’s certain at this point is that all the developers and mathematicians hired by the company are paid in IOTA tokens and not fiat currency. Also, the IOTA foundation has gathered more than 300,000 Euros in IOTA donations from users of the currency.

With a team of 150 developers, cryptographers and others that keep their stories straight, IOTA has managed to gather $4.43 billion in its market cap. It’s clear that IOTA has a really bright near future ahead of itself. Despite the fact that it also fluctuated a lot in its value the past year, it didn’t really influence the market as much as other ‘’larger coins’’ would, making it relatively more stable to invest in.