7/9/2023 0 Comments Visualise iota tangleOfficially, the world was headed for another recession that looked set to be worse than the economic crisis of 2008/2009. As several countries reported a spike in the disease, governments were forced to outline international travel bans and lockdowns by March. In 2020, as the effect of the coronavirus pandemic hit the global community, economies began to shrink amid a worsening health crisis. In the sections below, we look at some key news and the timeline of events for IOTA. While fundamental growth has played a key role in the price action of MIOTA, key global news and events have also had a fair share of impact on overall price movements. Since the IOTA token sale, there have been major developments on the network, with market performance often fluctuating to reflect the prevailing sentiment. With the IoT market growing, IOTA wants to be the blockchain billions of devices globally use to execute transactions. The goal of the network is to become the de-facto platform for executing transactions between Internet of Things (IoT) devices. It wants to provide efficient, secure, lightweight and real-time micro-transactions without fees. The IOTA blockchain seeks to provide solutions that no other cryptocurrency can. IOTA uses the Tangle technology that retains blockchain’s ability to execute secure transactions but eliminates the need for blocks. It is a unique cryptocurrency because it doesn’t use blockchain technology in the traditional sense like other cryptos. IOTA was created in 2017, at a time when the cryptocurrency market began to gain the attention of millions of investors globally.
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