Is IOTA a blockchain?

Overall the Iota Foundation appears to be doing an excellent job in securing partnerships and the business development of the project . They already have a strong stable of partners, and could see adoption spread rapidly in several sectors if they can find success with their distributed ledger solution.

IOTA does not use the traditional blockchain design used by most cryptocurrencies . Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG).

The IOTA Tangle is an innovative type of distributed ledger technology (DLT) that is specifically designed for the Internet of Things (IoT) environment. IOTA is based on a new type of DLT, rather than the traditional blockchain model.

It will not fail . IOTA will be the #2 crypto-currency by next year, and #1 in 2020. It has no fees and can scale infinitely. No blockchain-based crypto can compete with the IOTA tangle.

Is it profitable to invest in IOTA? Based on the crypto market data and IOTA price analysis, it can be predicted that it is profitable to invest in IOTA for the long term . By long-term, we mean that the IOTA forecast for a period of 5+ years. Hence, investing in IOTA crypto coin could a good decision.

IOTA has its own set of scaling problems, and some aspects of this cryptocurrency were vulnerable to hacks. Although IOTA’s market capitalization was still down substantially from its 2017 highs, this cryptocurrency’s fortunes showed signs of improving by late 2020 .