![]() The only other thing that'd raise its price is for people to artificially raise its price - which as we've seen generally results in a correction. IOTA/BTC, IOTA/ETH, IOTA/USDT, etc.) to rise in favor of IOTA (meaning the complementary currency must lose value). That means the only way (in theory) that IOTA will increase in price without hitting resistance or massively correcting (as we've already seen it do) is for iotas to be lost forever (analogous to how BTC's price increased when over 4 million coins were lost) or for the conversion rate (e.g. This means it's a highly volatile coin since any of the primary holders could sell off a large portion of their iotas and swing the market price downward in a very short period of time. Since it wasn't freely distributed (mined) to begin with (a process called "premining"), most iotas were handed out to a select few parties (which is referred to as "unfair distribution") - read more about that here. It cannot be mined, so the initial volume is fixed. Its purpose is to regulate requests of work between IoT devices. Posts that are not related to IOTA can be made elsewhere, e.g. This includes, but is not limited to, no: personal attacks, threats of violence, slurs, trolling, profanity, posting people's private information (doxxing). No buying/selling of iotas on Reddit (only trust the listed market exchanges) scammers may try to scam you! Report any scammers to mods here. ![]() Related Subreddits: r/IOTA / r/IOTAsupport / r/iotaTipBot / r/IOTAmemes / r/CryptoCurrency / r/CryptoCurrencies Rulesįor discussion of non-market-related IOTA topics, visit r/IOTA. Supply & Units: i./lsq4610.jpeg / i./Y6zOB5G.jpg IEN Application: goo.gl/forms/OrrXmhu1rKfy2dgp2 InformationĮcosystem Fund: /iota-ecosystem-fund-2-millionĪMA: r/Iota/comments/6hugtq/ask_us_anything IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers) rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. Scaling limitations have been removed, since throughput grows in conjunction with activity the more activity, the more transactions can be processed & the faster the network. IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ' iota' has a fixed money supply with zero inflationary cost. IOTA is an open-source distributed ledger protocol launched in 2015 that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. For discussion of non-market-related IOTA topics, visit r/IOTA "The SEC's aggressive attempts to cripple our industry and the resulting impacts on our business have real world consequences for American jobs and innovation, and this is an unfortunate example of that."īinance.US laid off an unspecified number of workers after the SEC action, Bloomberg reported in June.Please focus discussion on IOTA investment, trading, and market-related activity. "The actions we are taking today provide Binance.US with more than seven years of financial runway and enable us to continue to serve our customers while we operate as a crypto-only exchange," a spokesperson said in a statement. Monthly trading volume has fallen below early 2020 levels, he said. The company has had to resort to an alternative method for Binance US's users to convert dollars into crypto.īinance US's share of the global market has shrunk to about 0.6% from around 2.39% in April, according to Jacob Joseph, an analyst at researcher CCData. Soon after the SEC action, customers of Binance.US became unable to deposit or withdraw dollars, a consequence of multiple banking partners cutting ties with the platform. In March, the US Commodity Futures Trading Commission charged Binance and Zhao with "willful evasion of federal law." The Justice Department is probing Binance as well it hasn't accused the company of any wrongdoing.
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