This coin is a blockchain project based on the Internet of Things. The goal of this platform is to use the underlying currency as a micropayment option to power various IOT transactions and to facilitate the communication of these machines. The foundation's vision is to bring new utility to devices that we already use, giving us ways to rent our possessions to others in a new form of the sharing economy.
Your Iota investment also allows for you to sell data collected by these devices to other parties in a global and decentralized marketplace. This type of functionality could be valuable to many industries including automotive and insurance.
This is one of the most promising blockchain projects in the AI niche, and many investors are excited about what it may have to offer in the future. They have excellent branding, and their presence continues to grow regularly in this crowded space. The network upon which this project is built utilizes tangle to enable lightning-fast microtransactions with no fees.
These types of transactions are exactly what is needed for the Internet of Things to function effectively, and until now no projects could provide for these requirements. The team behind this project is looking to change that, and their efforts could bring exciting new ways for us to manage our data and devices to put them to better use.
For those looking to buy Iota, it's an easy task. This popular cryptocurrency is available on many exchanges, and it benefits from having a large number of trading pairs as well. Surprisingly, the highest volume option is actually a US dollar pairing, but if you'd prefer a cryptocurrency swapping option then Bitcoin, US Dollar Tether, and Ethereum are the best options. There are however a ton of pairs here to choose from with decent volume.
The best place to store your coins is by using the official wallet. They don't make this very easy to find honestly, and you may need to go to their Github page to get it. Just make sure to download the correct installation package for your operating system though and you'll be good to go. They have installation packages available for Windows, Mac, and Linux available. Also, make sure to always back up your seed for safekeeping to protect your investment.