At a time when cryptocurrency was synonymous with blockchain technology, IOTA proposed a modification.
The reward for doing so would be getting your own transaction verified by subsequent participants.
This means that unlike with most cryptocurrencies, IOTA transactions dont incur any fee.
So, what is holding IOTA back from dominating the cryptocurrency market?
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Additional concerns have been raised about IOTA by many industry experts.
MITs Digital Currency Initiative (DCI) Director Neha Narulapointed outseveral cryptography vulnerabilities with Tangle.
Ethereum developer Nick JohnsoncalledIOTA a bad actor in the open-source community, claiming that it disregards cryptographic best-practices.
Critics have also continuouslyarguedthat IOTA is actually centralized.
Most of this growth was accumulated in November-December during the crypto boom.
By February 1, it was trading at less than $2.
Starting mid-April, MIOTAs price rallied upwards hitting $2.58 on May 04, when the bull run broke.
MIOTA maintained a dominant downward trend for the second half of the year.
The cryptocurrency was trading at less than a dollar by June end.
As of December last week, MIOTA is trading at $0.32.
In November, IOTA Foundationannounceda partnership with Ledger to integrate its MIOTA tokens with the companys hardware wallets.
The foundation alsoannouncedthe creation of a new research council to support the IOTA project.
Whether it is partnerships gone sour, internal strifes, or technology criticism.
In spite of all this, IOTA has managed to remain one of the top performing coins throughout.
The market price movements of IOTA show great reliance on overall cryptocurrency sentiments rather than individual performance.
While this is true for most cryptocurrencies the trend is comparatively stronger in case of IOTA.
Now that you have actionable information on the future ofIOTA, its time to start investing.
