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IOTA - Hedging against the Bitcoin Price Drop

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IOTA - Hedging against the Bitcoin Price Drop

Post by Vladdirescu on Fri Dec 01, 2017 10:07 pm

IOTA is one of the few cryptocurrency that has been able to strengthen against Bitcoin in recent weeks and can be used as hedging against decline the price of Bitcoin. The volume and price of IOTA is growing due to the announcement that IOTA have been listed on Coinone exchange. The more people that begin to trade with IOTA, the better for IOTA.

Let's take a closer look at the use of IOTA in the Internet of Things.

Linking blockchain with IoT is complicated due to the technological limitations. There are two main issues to look at.

Firstly, scalability. There are regularly more than 100,000 unconfirmed transactions on the Bitcoin Network which will be hard to sustain in the future. Nowadays, users have to pay high fees but this still doesn't mean that their transaction will take place.

Secondly, transaction fees. Bitcoin’s mean transaction fees have already risen above $7.

IOTA have addressed how it is possible to solve these issues.

Read the full article: https://coinidol.com/iota-hedging-against-the-bitcoin-price-drop/


Vladdirescu

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