IOTA PRICE IOT

IOTA (IOT)

IOTA is a distributed ledger for the Internet of Things. It differs from other platforms in that it uses a directed acyclic graph (DAC) instead of the conventional blockchain. Following a widespread misinterpretation of a quote from Microsoft, many were led to believe that the software giant had formed a partnership with IOTA. In actuality, it was a Microsoft Azure customer that uses Azure to test and deploy marketplace data. The two companies are, however, working together on several projects.

Trinity Wallet is a wallet designed with the project in mind. Otherwise some alternatives include Nostalgia Light Wallet and GUI Light Wallet. These have all been designed for IOTA as well. Ledger Nano S is another popular hardware wallet that has support for the distributed ledger. Like almost every cryptocurrency, its price exploded during the 2017 bull run. Since then it steadily declined before eventually flattening out.

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