IOTA is a cryptocurrency designed for the Internet of Things.
It is an open-source, decentralized cryptocurrency specifically designed for micro-transactions in the environment that requires scalable flexibility and simple hardware.
The core of IOTA innovation is Tangle. Tangle retains the properties of the blockchain, however, it does not keep the blocks, but it creates a directed acyclic graph. This means that as in the regular blockchain where the blocks are verified by recalculations – miners, in this structure the blocks are verified by themselves which allows for fee-free transactions in IOTA cryptocurrency offline transactions and infinite scalability.
How to store your IOTA?
You can use a huge number of wallets to store your Bitcoins. Simple mobile, web or computer wallets in the form of applications are available on the market. However, these are vulnerable to viruses and malware.The safest way to store your Bitcoins is in a so-called hardware wallet (Trezor or Ledger), that encrypts access to your wallet.
Cryptolabs recommends the following digital wallets:
- Virtual currency trading poses significant risks. Prices might fluctuate on any given day. Due to such price fluctuations you may increase or lose the value of your assets.
- We do not guarantee any profit from trading or any other activity associated with the website cryptolabs.sk. Due to risks mentioned above, and those not listed, you should consider whether the digital currency is the right choice for you depending on your financial circumstances.
The above price is only informative, valid at this moment and does not include any fees that are charged. We will confirm the exact rate after receiving the payment, then you can choose whether or not you agree with the exchange rate. Otherwise, you will be reimbursed the full amount.