The best IOTA wallets. Cryptocurrency IOTA: complete review and forecast for the future No to blockchain! Yes - confusion

IOTA is a cryptocurrency of a project that creates a platform for Machine-to-Machine (Internet of Things) interaction based on a decentralized distributed registry.

The core team worked on blockchain 2.0 technology before the start of the project. But having understood the problems of limitations, I decided that I needed to start from scratch. In the summer of 2015, a new direction was launched to create a network to ensure the interaction of smart devices. On July 11, 2016, the main network was launched.

The developers have created completely new technology interaction in a peer-to-peer network, eliminating the problem of blockchain in terms of scalability limitations: during sudden bursts of activity, the network cannot cope and there are delays in registering transactions or they go into an uncertain state. As a result, more than 200,000 transactions on the blockchain are not confirmed on at the moment. This limitation causes high cost confirmations – on average, confirmation of one blockchain transaction costs $1. Therefore, all amounts less than this price are beyond the network’s processing threshold.

The IOTA team decided to create a platform for the “Machine Economy”, where microtransactions take place - the transfer of a very small amount of data (no matter what) with zero confirmation costs. As a result, a technology was invented in which each network participant, in order to transfer data, must confirm 2 other random transactions. This option eliminates the need for miners and makes transactions free.

The Internet of Things is very promising direction technology development. In accordance with it, smart devices will be able to independently exchange information, without human intervention, for human needs.

A rather conventional example would be the following situation: a car at a gas station, using Internet-of-Things technology, informs the gas station about the amount of fuel for refueling, automatically receives it and pays independently, transferring money from its account to the gas station’s account. The gas station monitors the level of fuel remaining in it and, if necessary, orders it from the fuel truck. Also autonomously transferring payment to him. And so on. All this happens without human intervention.

Something similar happens, for example, in a “smart home”.

The main challenges of the Internet of Things were:

  • Machine-to-Machine payments;
  • security of smart things (including identification);
  • automation of ongoing processes.

IOTA solved all these problems.

This cryptocurrency is not just for device interaction. It is also convenient for interaction between people, including transferring money. You can send any amount, even cryptocurrency dust, the commission within the network will be 0. External networks, of course, will impose their own conditions on transactions.

When the article was written, the IOTA rate was $0.62 or 0.00009BTC. The amount of money invested in the crypto coin is $1.7 billion. The maximum number of coins is 2,779 million.

IOTA rate fluctuations according to CoinMarketCap

The official website is located at: https://iota.org

Other places to chat about IOTA:

Team

Project founders: David Sønstebø, Sergey Ivancheglo, Serguei Popov, Dominik Schiener. The team is constantly expanding, attracting more and more new specialists. Greetings to new team members can be found in their twitter.

Latest news on the forums - about new version graphical interface of the IOTA wallet, about the fund in support of the project, about the theft of coins from the wallet and what to do about it.

There are similar conversations on the internal Skack forum, but the emphasis is more on technical problems, technology prospects, etc.

Instructions for creating a wallet

You can use an account on the BitFinex exchange. But the project also has its own light-wallet. Language – English, no Russification.

Trading on the exchange is permitted after registration, identity verification and account replenishment.

IOTA is a platform for creating the Internet of Things and exchanging microtransactions at zero cost. The cryptocurrency has attracted a lot of funds, but is trading at low large quantities exchanges. The project continues to be developed and expanded. Several billion smart devices are expected to appear that will interact through this network.

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At a certain point, I set myself the task of transferring my main assets to cryptocurrency wallets. Since I basically invest for the long term, I don’t need to store everything on the stock exchange. Moreover, exchanges are more susceptible to various risks of attacks. Both from hackers and from market regulators. Today I want to describe the process of creating a light version of a wallet with a node and transferring money there from the exchange using IOTA as an example.

Currently, IOTA is only available on Bitfinex. Where I actually bought it, for hard-earned bitcoins, and it lay there until today. I also note that in order to withdraw money from this exchange, you must undergo two-factor verification.

So, you can download the IOTA wallet here: https://github.com/iotaledger/wallet/releases (You need to download the IOTA.Wallet.Setup.exe file). Now you need to install the wallet on your computer and choose to use Light Node. In the pop-up line you need to insert the connection to the address http://iota.bitfinex.com:80

The process I described is installing a wallet on a computer. There is an IOTA Wallet application for Android - everything is quite simple there.

Now, after installation, you will receive a window something like this:

You don’t need to do anything with it, close the balances tab and now paste your SEED into the login window. This is exactly the image shown above. After logging in, create an address in the Receive tab and log out. Now log in again by entering your SEED and see if you have the address generated in the History tab at the bottom. This step is important to ensure that you have actually entered the same wallet the second time and have not made a typo in your SEED. The window for generating your address in your wallet looks like this:

You can scan this code and transfer some money to this wallet as an experiment. I will definitely let you know that I received them and will remember you with a good word in the morning if there are several zeros between the first digit and the dot))

Actually - now we need to transfer some amount of IOTA to the wallet. Copy the address on the “RECIVE” tab. Then go to the exchange and click withdraw IOTA. It is best not to transfer a large amount for the first operation to make sure that the entire algorithm works correctly. The withdrawal window on the exchange looks like this:

Everything is simple here - fill out the fields and voila))) The exchange is Russified - so there shouldn’t be any problems. With two-factor verification, the exchange will first ask you to send you an SMS. Standard procedure.) Enter the received code and now the exchange shows you the generated graphic code, which must be entered in the line below (something like a captcha). Now that the duck has flown out of the casket, shoot it quickly and a hare will run out of it... Damn, this is from another fairy tale)). After entering the captcha, the exchange will send you an email confirming the withdrawal of funds. Well, of course, if you agree, feel free to click YES! And now... drum roll - your money has been sent. Maybe such systems seem strange to you, but for me, more security is better than losing your money at one point. Now in the exchange’s transfer window, if you click on the address to which you are transferring, a window like this will appear.

It contains all the details of the transaction and you can track how much time is left until the transfer is completed. The tracking window is located at: https://iotasear.ch/hash - check transactions Everything is quite convenient. In principle, all cryptocurrencies have similar things, but only when it comes to personal wallets. Transfers between exchanges cannot be tracked.

And finally - my congratulations, you will see this window:

In this case, I transferred 6 IOTA. The big advantage of this currency is the absence of transfer fees, due to the fact that it was created according to the original architecture. And the translation speed is quite high - the procedure took me about 4 minutes. Your wallet is used as a node to confirm transactions of other people (and robots)). And on the Android application I can see how many transactions I have confirmed. A very interesting solution, but I think I will describe the principle of its operation some other time.

I post more information on various cryptocurrencies in my Telegram channel:

Every day more and more appear on the market various types digital tokens. One of the largest in terms of capitalization and prospects is the IOTA cryptocurrency. It appeared in 2015 and first entered the cryptocurrency exchange in 2017. Already today, investors see the potential of IOTA, its rapid growth last year. Everyone wants to try to invest in such promising coins, but they need to be stored somewhere. Therefore, in this material we will look at several storage options: wallets for IOTA cryptocurrency.

IOTA Wallet - official wallet on PC

Official cryptocurrency wallet. This is a local wallet that is located on your computer, which allows you to get rid of the storage of coins by third parties. The security of a local wallet is much higher than that of an online wallet.

To download the wallet you will need to go to GitHub.

There are several options for downloading for the OS:

  • Windows;
  • Linux;

Users can also download a mobile wallet for Android smartphones. But the version of the mobile wallet for iOS is still in development (beta version), but you can already work with it.

Downloading and installing the wallet is simple. Separately, we note the very simple interface of the IOTA Wallet. There are only 4 tabs for work:

  • Balance;
  • Send;
  • Get;
  • Story.

There is absolutely nothing complicated. IOTA Wallet is one of the simplest cryptocurrency wallets.

Advantages of IOTA Wallet:

  • Very simple interface;
  • High speed of processing operations;
  • Russian language is available.

If you need to store your IOTA tokens somewhere, then the IOTA Wallet is an ideal option.

Binance - Exchange with Storage Capability

Binance cannot be called a wallet for storing IOTA coins. First of all, it is a cryptocurrency exchange. It started working in 2017, but showed enormous growth in just a few months. The current daily trading turnover on the Binance exchange is in the region of several tens of millions of US dollars.

The exchange was developed in China and has a Russian interface for the website and personal account.

You can store not only IOTA tokens, but also other coins: Bitcoin, Litecoin, Dash, Ethereum and so on.

  • Low commissions for transfers - 0.1%;
  • It is not necessary to undergo verification (limits will be included, but it’s not scary for beginners);
  • You can store many different tokens;
  • No crashes even under heavy load.

You can store IOTA tokens directly on the Binance exchange. If you wish, you can try trading in the future. Again: No one is forcing you to do this. And so Binance perfectly performs the functions of a cryptocurrency wallet.

If you are looking for wallets for the IOTA cryptocurrency, we have offered you 2 very cool options for storing tokens of this type.

Learn cryptocurrency, invest in coins, earn money!

Iota is a relatively new cryptocurrency for which user wallets have not yet been developed. Exchanges are widely used to use and store cryptocurrencies. This option is not particularly reliable, so most experts in this field recommend that Iota owners get a paper wallet. How to create an iota wallet, and what additional programs exist for “cold” storage?

To transfer a new cryptocurrency, you need to create a special wallet. For these purposes, the developers have provided a program designed for Windows. This storage option is indispensable for long-term investments, since exchanges are not entirely suitable, since they are subject to network attacks and the owner can lose everything.

How to install

A lightweight version of the wallet has been developed for Iota, designed to make free transfers of crypto from exchanges. Today, Iota exchange is possible only on a service such as Bitfinex. Exchange is only possible for bitcoins or ether. To withdraw money on this exchange, you need to undergo two-factor verification.

Before you create a wallet for iota, you need to study the step-by-step guide in detail so that you can use it smoothly in the future:

  • To download the wallet, you need to go to the official website using the link https://github.com/iotaledger/wallet/releases and download the file offered by the developer to your computer.
  • For a standard PC or laptop, you should use the .exe format.
  • After installation, it is recommended to select use in light node mode. It is imperative to establish a connection. For these purposes, the best address is iota.bitfinex.com:80.

Android application

How to top up your iota wallet on your phone? To install on Android, you should download a special application from the GitHub resource, which has a simplified interface. Use only official sources to download so as not to encounter scammers. You can download wallets for IOT from Google Play and AppStore. Using this service is the same as using an application on a computer.

There are two similar systems Full Node GUI and Iota Light Wallet. The first application has a more functional interface, which is quite difficult for a beginner to navigate. Iota light wallet is a secure cryptocurrency storage facility that is suitable not only for storage, but also for transactions. This version is more simplified.

How to use

After the program or application is installed, you need to carry out a simple registration. Please note that in this case you need to enter not a password, but a whole expression that will include a random set of letters and numbers. This is necessary in order to eliminate the possibility of hacking.

Seed can be written independently or generated using special services. It should be recalled that to store this information not recommended on “hot” devices that have network access. IN otherwise The user will also not be protected from hacking.

The iota cryptocurrency wallet has simple functionality that can be used intuitively. When you log in, a tab with balances appears. You need to close it and enter the pre-generated Seed, consisting of 81 characters, which was used during registration, into the login window. After logging in, you must check the address to make sure that the login was made to the same wallet. This can be done in the “History” tab. There you can also see the QR code, which is used to top up your wallet.

How to top up your wallet

The Iota cryptocurrency wallet is designed in such a way that even an inexperienced Internet user can understand its functionality. In order to transfer cryptocurrency to your account, you should copy the address, which can be viewed in the Receive tab. After this, you need to go to the exchange in the “Iota Withdrawal” section.

When making your first transaction, it is recommended not to transfer large amounts, which will eliminate the possibility of large losses if the payment is made incorrectly. The exchange interface can be used in Russian, so there are no problems when making money transfers does not arise. Two-factor verification involves sending SMS to specified number phone from verification code, which must be entered to confirm the transaction.

To send cryptocurrency from one wallet to another, select the “Send” tab in the menu and enter the recipient’s number and amount in the special field. For more convenient use, there is an “Additional tag” field where the sender can leave a comment for the recipient. It is imperative to double-check the entered information before sending, as it is impossible to cancel the transaction.

Where is the best place to store IOTA?

Iota coin wallet is the most reliable place to store Iota cryptocurrency. You can use a paper wallet. This service is a secure storage for cryptocurrency. Experts recommend transferring this program to a “cold” storage medium to eliminate the possibility of network hacks.

Iota Miota can only be purchased with Bitcoin or Ethereum. The most reliable and popular exchanges are Bitfinex, Bit520 and Binance. Less experienced users use paper wallets for withdrawal and storage. Experienced cryptocurrency owners prefer a desktop wallet, which has more extensive functionality.

System advantages

Anyone can have a wallet. The registration process is not difficult to understand. In order to understand the process itself, you should first study the recommendations. Among the main advantages of the Iota cryptocurrency, we should highlight the absence of commission fees for transactions, a unique system developed on the Tangle registry. Data distributed in the system is transferred only between authorized users.

Conclusion

The Tangle registry is designed to be unhackable while remaining completely secure. In the near future, Iota will be used as an e-government system. Unlike the blockchain on which Bitcoin is staked, Tangle has more high level functionality and reliability.

To create a wallet for Iota, you must first familiarize yourself with the available options and study the instructions for installation and use. Today, a standard wallet for storing the Iota cryptocurrency has not yet been developed, which would be equally convenient for beginners and experienced users. This is why most currency owners store their crypto on exchanges, which is not entirely safe. If you encounter any difficulties during the registration process or making transactions, you should write to Support. Customer support will review your question and help resolve any information or technical problem.

No chains, no blocks, no fees - the IOTA cryptocurrency (MIOTA) stands alone in the world of digital tokens. Here, instead of Tangle, instead of large payments, the emphasis is on microtransactions. Let's look at the features of this system, whether it is possible to mine coins in it and where to buy them, which IOTA wallet is profitable to create.

Cryptocurrency IOTA - description and full overview of capabilities

The idea of ​​the IOTA cryptocurrency is inherent in its very name. It comes from IoT " Internet of Things"or, if translated into Russian - "Internet of Things". This network was developed for so-called “smart” devices - all kinds of toasters, coffee makers, microwave ovens, washing machines, and even light bulbs. In other words, for devices connected to the Internet and equipped with sensors with which they receive, process and transmit information.

Thanks to IOTA, they can interact with each other, making the necessary monetary payments.

IOTA project website

  • Every iron has access to the Internet! The smart refrigerator notifies the owner that the food supply is running low, and, having received a list in response, orders what is needed. Its owner remotely orders the smart vacuum cleaner to clean up after last night’s party, which, in turn, orders the necessary cleaning products and at the end the device reports that everything has been done and the owner’s home is clean. The list of examples can be continued endlessly.

Internet of Things- a trend that has been gaining momentum lately, which, as they promise, will radically change the picture of the world. Smart homes, smart enterprises and even smart cities - some technologies are already being actively introduced into our everyday life, others are still being tested. They are designed to simplify a person’s life as much as possible by taking over many routine actions.

Smart devices are so smart that they can independently pay for goods or services they have ordered. Most often, these are payments for very tiny amounts - literally a few cents, and therefore the issue of commissions for transactions is very acute here. If we take Bitcoin, for example, commissions on its network can sometimes reach several tens of dollars. It is logical that such an approach is unacceptable for the world of things.

This is where IOTA technology comes into play, which is aimed at conducting microtransactions.

  • And absolutely no commissions.
  • And in real time.

In the IOTA network, there are no long waits for miners to confirm the payment - in the same Bitcoin, this can take from 10 minutes to several hours.

No to blockchain! Yes - confusion!

The trick is that it does not use blockchain in the form we are already familiar with - a chain of connected blocks that contain confirmed payments. Instead, IOTA uses Tangle technology. This name translates as tangle or confusion. Outwardly, it really looks like a huge network of ongoing transactions.

Tangle is a coined name for the DAG (Directed Acyclic Graph) technology, which in Russian sounds like a directed acyclic graph, which underlies the system’s operation.

This is how we gradually approach the topic of coin mining in IOTA.

Mining IOTA

How to mine IOTA is the first question that comes to mind for owners of powerful computers. The answer will be no. IOTA belongs to the category of cryptocurrencies in which it does not work. And since the developers did not provide for IOTA coin mining in the system, all coins were released when the network was launched. Their number is 2 billion 779 million tokens.

To be more precise, there are 2,779,530,283 MIOTA available in the system

If transactions are not confirmed by miners, then who?

It’s simple – payments on the network are validated by its users themselves. Let's say one of your devices needs to make a payment for $10. However, before he does this, he will have to help others and confirm their transactions.

Thus, the device connects to the network, confirms the last two transactions of other participants, after which someone (the same network participant) confirms its payment. Mutual benefit and mutual assistance are obvious. Hence the lack of commissions, since there is no other way - if you want your payment to go through, help others and confirm their transfers. And everything happens automatically. There is no need to press buttons and start the process manually.

In the above figure, transaction number 5 confirms a pair of previous transactions 2 and 3. In turn, transfer number 6 validates the 5th and 4th transactions.

At the same time, the issue of scalability is resolved. Let's remember what happens in the system when there are many people willing to send transactions. The waiting time for confirmation can last for hours.

In IOTA it's the opposite. The more participants in the network, the faster transactions are confirmed. Conflicting transactions are monitored by nodes - the main nodes of the network, and when they are detected, they are rejected.

An important point is that gadgets do not need to be constantly connected to the network and synchronize data with the entire system. Devices can create separate offline clusters and connect to the general network literally 1-2 times a day. This saves battery power.

In the blockchain we are used to, this would immediately be called a fork and the system would simply reject such a branch. As you can see, Tangle provides a more flexible approach for this case as well.

Benefits of IOTA

Let us briefly summarize the main advantages of the system.

  • high speed of transaction processing;
  • no commissions;
  • good scalability;
  • high system security;
  • decentralization of the network in the full sense of the word;
  • devices do not need to be connected to the network 24/7.

Disadvantages of IOTA

It is still difficult to talk about the shortcomings of the system, since the technology is still at the testing stage and searching for possible vulnerabilities. However, if serious bugs are found, this may negatively affect the value of the coin.

Miners, of course, consider the main disadvantage to be the lack of opportunity to mine tokens and make money from it.

Let's dive into history

2015 can be considered the year of formation of the IOTA cryptocurrency. It was then that work began on the idea of ​​a network for the Internet of Things. The following were created: a non-profit company IOTA Foundation with its head office in Germany, as well as the IOTA Ecosystem Fund with a capital of $10 million. The latter is developing tools, modules for the project ecosystem, and creating tutorials.

The developers rolled out the finished system to the public a year later - in 2016. To raise money for the further development of the platform, an ICO was organized, which collected more than 1,300 BTC. The IOTA coin was added to cryptocurrency exchanges in mid-2017. Around this time, IOTA was actively involved in the founding of the Decentralized Identity Foundation and the Trusted IoT Alliance.

Who is behind IOTA

Developer from Norway David Sonstebo is the one behind the idea of ​​​​creating the IOTA cryptocurrency. Also among the co-founders are:

  • Dominique Shiner;
  • Sergei Ivancheglo;
  • Sergey Popov.

The guys managed to assemble a professional team around the project, which includes experienced developers. At the same time, the company continues to constantly expand.

Who cooperates with IOTA

Today, large industrial giants are interested in the technologies that the IOTA team is developing.

So, they invest in IOTA:

  • Robert Bosch Venture Capital is the venture capital arm of the Bosch Group;
  • Cisco Systems.

Moreover, the IOTA project managed to bypass such giants as Ethereum and Hyperledger - the above-mentioned companies first considered them for use in conjunction with smart devices, but for one reason or another they refused and gave preference to the IOTA cryptocurrency. Ethereum, in their opinion, turned out to be insufficiently suited for IoT, and Hyperledger was repelled by its closed nature.

Informal cooperation has been established with Microsoft. True, there is a curious situation associated with this company. When at the beginning of December 2017 the media trumpeted the signing of a joint agreement on cooperation between IOTA and Microsoft, the cryptocurrency rate immediately soared on the exchanges. Later, when the rumors were denied, he naturally backtracked.

AchievementsIOTAin the real world

  • The well-known service Satoshipay abandoned payments using Bitcoin in favor of the IOTA token.
  • Launch in November 2017 of a blockchain-based data marketplace for the Internet of Things – IOTA Data Marketplace. On it, devices will be able to sell or purchase the necessary data sets coming from other gadgets.
  • The CarPass company, which ensures the correct display of mileage on the mileage counter, also switched to using the IOTA cryptocurrency, abandoning Ether.
  • The IOTA Foundation also collaborates with an open platform for searching for relatives who lost each other during crisis events – REFUNITE. The founders of the organization consider the IOTA protocol safe and convenient for storing important personal information.
  • Launch of the Flash Network for instant nanopayments in large quantities. This protocol operates in parallel with Tangle and its main goal is to reduce the load on the main network. Using the Flash Network, it is convenient to make nanopayments, for example, for every second of using a particular service.

The official website of the project is iota.org.

Cryptocurrency IOTA - where to buy

Until the beginning of summer 2017, it was possible to buy IOTA cryptocurrency only on South Korean Coinone and Shanghai Binance. Here it was presented in pairs with Ethereum, bitcoin, Korean won and Binance Coin.

The opportunity to buy the IOTA cryptocurrency on Bitfinex, one of the most popular exchanges among traders, appeared in June last year. Here, in addition to IOTA/BTC, there are pairs IOTA/USD, IOTA/EUR.

Which exchanges does IOTA currently trade on other than those mentioned above:

  • OKEx;
  • Exrates;
  • Gate.io;
  • CoinFalcon.

Moreover, in the last three the volumes are still quite meager.

IOTA - buy for rubles

As you can see, tokens can only be purchased on exchanges either for popular coins, such as Bitcoin, Ether, or for dollars and euros. To buy IOTA cryptocurrency for rubles, you will first need to exchange them for one of the above-mentioned currencies in one of the online exchangers, and only then purchase network coins with their help.

Where to buy IOTA currency for a Russian-speaking user

Both Binance and Bitfinex exchanges are suitable for this, since both platforms have a Russian-language interface.

So, how to buy IOTA on the Bitfinex exchange?

First, we make sure that you have enough funds in your exchange wallet, since on the site you get 3 types of accounts - in addition to the exchange account, also a margin account, as well as a deposit account. Next, on the “Trade” tab, select IOTA and the desired pair – for example, IOTA\USD.

Next, select the “Exchange” tab, indicate the type of order, and, if necessary, the price. After entering all the data, click on the “Buy Exchange” button.

Cryptocurrency IOTA - wallet

There are different versions of wallets for storing network tokens. Most of them are at the beta testing stage at the beginning of 2018.

Desktop

This wallet is installed on your computer and you store tokens on your hard drive. You can download the software on Github. Here we select a file depending on your operating system. For Windows users, the .exe file is suitable; for Mac users, the .dmg file is suitable.

After installing the program, you will be asked to choose between Full Node or Light Node versions. Regular users should opt for the IOTA light wallet - it is easier to set up and use and will not load the Tangle network on their PC.

Next, we select a node (it can be changed later) to which we will connect. By the way, if the connection to the selected node does not occur, we indicate another one from the list. Then we register the seed. This is a long and complex password, which consists of 81 characters, and it must contain the number 9, and the letters of the Latin alphabet are only in capitals. You need to store the seed especially carefully - if you lose it, you will lose access to your tokens.

Currently, the wallet does not generate a seed phrase on its own, so you will have to enter it manually. Use third party services online generators experts do not advise. AND latest news This warning is confirmed.

Thus, at the end of January 2018, tokens worth 4 million tokens were stolen from user wallets. As it turned out, the victims used a specialized online service, which transferred the generated keys to hackers.

A reliable way to create a secure phrase today is to use Linux or Mac terminals, or an IPFS-based generator. Moreover, in the created phrase it is worth additionally manually changing a couple of characters.

Mobile

The app for Android smartphones and tablets can be downloaded from Google Play. The wallet for iOS is still being developed, so the only thing you can do for now is to join beta testing.

Online wallet

The web application is located at iota-wallet.org. It is developed by a third-party team, and therefore we recommend using it with great caution. Moreover, the service website often does not load at all.

Paper

Finally, we’ll look at how to create a paper IOTA wallet. To do this, go to the website. By default, it generates both a public address and a private key, as well as a QR code. In the settings, you can choose to generate only an address for receiving coins, an option without a QR code, and also create only a seed phrase. Select the desired options and click “Create”. Next, print out the received data.

By the end of March this year, the developers promise to roll out a beta version of a new desktop and mobile wallet called Trinity Wallet, which will be presented as a reliable alternative to existing options.

Transfer tracking and anonymity

You can track transactions using Tangle Explorer. Here you can see from which wallet the money was sent and the transfer amount.

To ensure anonymity when making payments, the platform team launched Mixer app. It mixes transactions with each other and credits funds randomly to wallets. Thus, linking transactions to their senders is now difficult.

IOTA faucets

There are practically no faucets for the IOTA cryptocurrency on the network yet. More precisely, there is one, and it appeared quite recently - at the beginning of 2018. Located at freeiota.de. Here you can win tokens every hour. When registering, you must provide a login and solve the captcha.

Cryptocurrency IOTA - forecast for 2018 and prospects for the token

IoT or Internet of Things is our inevitable future and everything related to it will also be successful. This also applies to the IOTA cryptocurrency (in the Russian-speaking segment, by the way, it is often kindly called IOTA or even more simply ETA). Instant transactions without high commissions– exactly what smart devices need. The main thing is that the developers bring their idea to fruition. And this is exactly what they are currently successfully doing.

The project team has big plans for 2018. First, expand the team itself, attracting experienced professionals to develop the platform, and open new offices around the world. Secondly, improve the technology, clean up the code and detect all vulnerabilities, and expand the functionality.

Great idea, applicable in life, and at the same time so low price for a token - experts explain this paradox by the lack of active promotion of the project to the masses, as well as by the fact that everything is still in the development stage. After all, the platform was presented to the general public less than a year ago, and appeared on the exchanges last summer. Therefore, investors should take a closer look at the coin while the price is still attractive for investment.

Currently - and this is February 2018, the capitalization of the token is more than 5 and a half billion dollars and according to this indicator, the coin is in 10th place in the ranking with a price of 2 dollars per MIOTA. Some experts predict that the cost of the coin will rise to $10 by the end of the year. Others claim that the main growth will occur in 2019.