IOTA IOTA

IOTA is the third generation of cryptocurrencies. It is a decentralized project that is not based on blockchain but on a new technology called Tangle.

According to the creators of the IOTA project, Tangle technology (Directed Acyclic Graph is the technical name for Tangle technology) enables a higher speed of information transfer than blockchain.

And while miners are a very important link in blockchain technology and approve every transaction (which can take time) and charge a commission, with Tangle technology there is no need for a commission as each transaction automatically authorizes an additional two

Tangle technology uses a principle similar to Bitcoin’s Proof-of-Work, only it uses a lot less power and has a higher transfer rate.

The focus of IOTA is to create an ecosystem for the Internet of Things industry, more precisely a platform for executing transactions between all Internet of Things devices.
With around 20 billion such devices expected to exist by 2024, IOTA wants to become a leader in conducting transactions in the sector.

There are 2,779,530,283 MIOTA coins in circulation. All MIOTA coins are already in circulation.

There are no transaction costs in the IOTA ecosystem. If payment or transfer is made from one wallet to another, there won’t be additional costs or fees.

Also, all payments are instant. Due to the features of Tangle technology, the network speed increases proportionally to the number of users. This is the opposite of most other cryptocurrencies in which the network gets congested as users increase, which again results in higher fees

Many global brands like BOSCH and Volkswagen invested in further research and development  of IOTA’s Tangle technology.

While many cryptocurrencies function as companies, the IOTA Foundation states that it is not focused on making profit but on improving its own network and technology.

IOTA (MIOTA) can’t be mined. Because it relies on its own Tangle technology, no miners are required for validating transactions and consequently there are no fees. Also, all IOTA (MIOTA) coins are already in circulation.

The IOTA has 4 co-founders:

On the Bitcoin Store platform, you can easily buy IOTA and more than 130 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification you can make a deposit (in HRK or EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 130 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, TrustWallet, Ledger, Treasury, etc., or on various trading platforms must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful you can sell your cryptocurrency. You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb and Split.

Verifying your identity via ID card is not required for all transactions up to HRK 15.000,00

In the exchange office, you can also make a deposit in cash directly to your Bitcoin Store account. The amount you deposit will be visible immediately and ready for your next cryptocurrency purchase.

You can store IOTA in your digital wallet. When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store IOTA on your own Bitcoin Store Wallet. The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can:

On 2022-11-30 the current IOTA price/exchange rate is 0.208 EUR.