IOTA (MIOTA) one of the most influential and evolutional cryptos that are making a great amount of progress in its blockchain technology. IOTA is one of those digital assets that have a strong research and development background. RnD is always key to any organization and IOTA has a superior team that is leading its way to a new world with IoT (Internet of Things).
IOTA always keeps its users fully up-to-date with all the development progress in its ecosystem, both internally and externally. In recent times, IOTA has specifically been in the top headlines with its new development. The innovation of a new protocol known as ‘Coordicide’ is the next big thing for IOTA.
IOTA with this massive update moves one step closer to its objective, a target to become a fully decentralized platform. Though IoT is undoubtedly still IOTA’s chief focal point, this approach to Coordicide enables it to also cover the regular Internet.
With the invention of Coordicide, IOTA will be removing the ‘Coordinator’ from its network, which used to protect the user’s fund at the beginning. With the removal of Coo, it will enhance the scalability, and cover high transaction fees. This will move it towards a more decentralized system. The solution is inherently modular, meaning that users will have the ultimate freedom to tailor the system to their individual needs.
The research and development team has grown with experienced developers and research experts, which has helped IOTA (MIOTA) to innovate different features into the blockchain technology. As per the statement of IOTA’s co-founder, David Sønstebø, since the inception of IOTA they have been working to reach the target of decentralized platform, with the invention of Coordicide they are all set to reach that target, which will not only mean to bring decentralization but flexibility to IOTA, while limiting its limitations.
This is where now they enter the real world with a bang. The vision of IOTA is expanding which is key to its success and to become a successful network for a long time period, different aspects have to be considered and that’s what this digital asset is doing.
The inventors would be pretty much pleased with IOTA making its mark in the market with this news headline. We would see new investors investing in the altcoin and we can already see its price mount in the market. Straight after IOTA announced about Coordicide, its price surged up to 15%.
At the time of press, IOTA (MIOTA) was trading at a rising rate of 7.5% in the last 24 hours. The trading price was around $0.512 USD with a market cap of $1.4 billion and a trading volume of $121 million.