While all eyes are on famous crypto money and developments like bitcoin and ethereum IOTA It is possible to miss developmental clear values such as.
IOTA is now the 11th most valuable crypto money with a market value of $ 5 billion. Tangle, the unique blockchain technology that can work without IOTA’s processing fee, is the largest power source of IOTA.
Recently IOTA attracted the attention of big German companies. for example Volkswagen Johann Jungwirth, one of the executive members of the IOTA organization. Bosch is also invested and it is known to work together.
Developers and mathematicians working for the IOTA receive salaries as IOTA. In addition, the organization is collecting over $ 300,000 donations by IOTA founders.
In an interview with IOTA founding member Dominik Schiener Bloomberg, he said he believed IOTA would grow. Schiener added that working with big companies would accelerate growth. On the other hand, there are rumors that IOTA has developed a smart contract-like feature. IOTA offices are scheduled to open in Canada, Japan, Norway and South Korea.
In 2013, Schiener wanted to set up his own crypto money exchange at the age of 17 and invested 500 thousand euros. But the project was completely unsuccessful and lost all his money. Shiener attributed his failure to the illegal affairs of crypto money at that time. Shiener went on to say:
” Nobody cryptic money idea was not hot and worried about illegal use. No bank wanted to open an account for my company. ”
IOTA was founded in 2015 by Shiener, David Sønstebø, Sergey Ivancheglo and Serguei Popov in Berlin. At that time the crypto paralara confidence increased gradually. IOTA also releases every year continued and took its place among the most valuable crypto money.