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IOTA’s unique technology, called Tangle, is what sets it apart from other blockchain-based cryptocurrencies. The crowdsale raised over $500,000 in Bitcoin, which was used to fund the development of IOTA. IOTA was founded in 2015, and its development began with a crowdsale of its native cryptocurrency, MIOTA. Serguei Popov, decided to create a new DLT that could support IoT devices. Sønstebø, along with other co-founders, Sergey Ivancheglo, Dominik Schiener, and Dr. He realized that the existing blockchain technology could not handle the scale and complexity of the Internet of Things (IoT). Founding of IOTAĭavid Sønstebø, one of the co-founders of IOTA, was inspired by the limitations of traditional blockchain technology. In addition, you may improve your trading skills by using a reputable trading platform like. If you are starting on crypto trading,try Bitcoin Loophole! It is an amazing online trading platform for a seamless trading experience. Since its inception, IOTA has undergone significant changes, and this article will provide a comprehensive history of IOTA from its beginnings to its present state. It was designed to be a lightweight and scalable platform for the Internet of Things (IoT). IOTA is a distributed ledger technology (DLT) that was founded in 2015 by a team of developers including David Sønstebø.
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