IOTA (MIOTA) Sets Standards with 1 Million Transactions in 88 Seconds
IOTA (MIOTA) is setting standards for the crypto industry by processing up to 1 million transactions with about 300 nodes in just 88 seconds. Since the test was done in an environment which was simulated, it is safe to say that in this industry, IOTA is seriously taking the lead.
The results from the simulation have clearly demonstrated the power of IOTA’s technology and also how far ahead into the future the company has made it compared to all of the other competitors it has. This feat of achieving more than a million transactions in just a little more than a minute has made Tangle, the technology IOTA is based on, perhaps the most suitable technology for inter-machine communication. With almost instantaneous transaction times, the technology really drives ahead of the others in the market.
IOTA Foundation is doing everything possible to ensure that, as a cryptocurrency, MIOTA lives up to all of the goals dreamt by the founders. Not too long ago, the foundation claimed that it is more than willing to do everything necessary for ensuring the success of the ambitious project. With this news, it is clear that the team really meant it. All of the developments of the project have made it into the headlines.
When it comes to partnerships, IOTA has been in the headlines for its collaboration with Volkswagen and Audi. While it hasn’t been confirmed yet, there are rumors going around that the foundation would soon partner with Tesla and Uber.
Of recently, MIOTA has hit a market capitalization of 2 billion USD, an impressive feat for the cryptocurrency. The community is pretty hyped up about all of the latest news about the cryptocurrency. It is expected that the prices of the cryptocurrency would increase in the future owing to the enormous potential that the cryptocurrency holds.