This content was created by Dr. Violet Howard. This content was uploaded by Dr. Violet Howard. This is a YouTube video titled "TANGLED IOTA beyond blockchain | ALTCOIN OF THE WEEK" created on January 25, 2018. It features a discussion between multiple speakers about the altcoin IOTA, comparing it to Bitcoin and discussing its unique features, such as its use of the Tangle instead of blockchain, and its potential in the Internet of Things.
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Our altcoin of the week this week is Iota.
Bitcoin is Snow White.
I mean, really.
It started off small, sheltered, and then it went out into the world, where it was taken care of by a bunch of short, hairy men who also happen to be minors. Eventually, word got out and the banking industry came around trying to destroy her.
She fell asleep for a little while.
Only to re emerge and become well known to the kingdom as the fairest of them all. So what does that make Iota? I'll give you a minute. Yep, you guessed it. Tangled.
She's quirky, spunky, and she's got a dream. Unlike Snow White and Bitcoin, IOTA has.
No interest in miners. In fact, it doesn't use mining at all.
This means that IOTA solves some of.
The greatest problems of crypto trading, like fees and scaling.
This works because instead of being built on a blockchain, IOTA is built on.
The tangle, which is essentially this.
Each time a person makes a transaction.
They authenticate two other random transactions, making something resembling a web. This network is so unobtrusive, it can be run from any device, big or small. This means that IOTA's transactions can be.
Any size and get anywhere they need.
To be in a jiffy for this sounds great, right? Right.
And this is why we saw Iota's.
Price jump from around a dollar to over $5 in the span of a couple of weeks. But then it suddenly stopped dropping back down to just about $3.
Why is this?
Iota announced a partnership with Microsoft, only to have it downgraded to a participation grade a little while later due to media miscommunication, since to the crypto community.
A match is a burning bush.
Both of these pieces of news slap the shit out of Iota's price, leaving it lonely and a little confused.
People have since calmed down, and IOTA.
Is starting to get the attention it deserves and see its value steadily climb.
But iota's true target is not to allow you to buy a coffee without.
Outrageous fee waiting for it to get cold. No, IOTA is targeting the Internet of Things, the interconnectedness of technology in the machine economy.
IOTA hopes to allow all different types.
Of machines connected through the Internet of Things to communicate and transact with complete trust.
So what can we say about Iota? It is on target. It has a lot of investors, and.
As long as it doesn't find itself wrapped up in the tangled nightmare of.
Fomo, FUD and hype, it should have a bright future. And unless you have an irrational fear of killer robots.
A society handicapped by the dependence on machines or dots. Then you should consider investing in Iota.
I had a dream once. He's got a dream, he's got a dream. CIA does cruel and vicious as I see Though I know like breaking femurs you can count me with the dreamers like everybody else I've got a dreamers.
