IoT Chain nicknamed as IOTA of China is a blockchain-based lite operating system that incorporates different technology infrastructures and security concepts to provide solutions to inefficiencies experienced when transferring data amongst connected devices in an internet of things system.
The most frequent types of problem as described by the platform is the need to circumvent the traditional methods of data transfer which is energy inefficient and wastes a lot of computation resources thereby leading to an unreliable network of things.
IoT Chain investment is an important one, having its roots in Shanghai, China; the system is as timely as the blockchain itself. This doesn’t really come as a surprise as the world we know today comprises of so much of interconnected devices that are dependent on the data relay that crosses their network. Investors who are interested in this niche are doing so in a viable market with real future prospects.
Not too many markets are currently trading ITC, but the few of them that do, are with BTC, ETH, and USDT. The exchanges where this cryptocurrency asset is listed are not infamous however are not also that hard to locate, as they have good trading volumes of cryptocurrencies. Some of them are among the top ten cryptocurrency exchanges and so it should be pretty easy for anyone who wants to buy ITC to do so.
IoT is an ERC20 asset type and should be okay to store on myetherwallet or another compatible wallet. Alternatively, if you are interested in storing it on any of the hardware wallets, then the Ledger Nano is a compatible choice. But all that is only necessary if you don’t want to leave it on the exchange, most people do, so as to use cryptocurrencies for trading.