IOTA Foundation Partners Up With Taiwan To Explore Smart City Solutions

Last weekend, IOTA witnessed a 6.74% percent gain and thus emerged as the solo winner across the cryptocurrency market .The gains in price of IOTA come as Taiwan’s capital, Taipei, partnered with IOTA Foundation to explore smart city solutions.At the time of publishing this article, IOTA prices was $1.35

But at the same time, it’s also important to know that there’s a difference between IOTA and other cryptocurrencies. While majority of cryptocurrencies run by the virtue of blockchain technology, IOTA  shares its base on Tangle, a distributed ledger technology.

This enables money and data to be transferred through its network. But, unlike blockchain, for every transaction that is made on Tangle network, two new ones are validated. So, this ledger technology proves to be ready to deal with high transaction volumes without slowing down. This makes IOTA capable of dealing with large volumes of transactions per second.

In other news,  IOTA has been building up their foundation team by adding Dr. Julie Maupin, a board member of the Fintech Advisory Board of the German Ministry of Finance and the G20 Digital Economy Experts Task Force, Dr. Hongquan Jiang from Robert Bosch Venture Capital (RBVC), and Johann Jungwirth from Volkswagen.

Looking at IOTA’s price action, it has been picking up from the previous drops and promises for further recovery in the coming months.

Cryptocurrency market experts predicts IOTA price to touch $10 by 2018 year end.

Also Read: BOSCH Invests In IOTA, Buys Significant Amount Of IOTA Tokens

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.