Does IOTA have a future?
There are thousands of cryptocurrencies in the world, but few are those that stand out for having a faster and lower cost system, including this MIOTA, of the IOTA network. What is the future of this system worldwide?
The future of IOTA?
According to the world’s leading research and advisory company, Gartner Inc. (NYSE: IT) estimates that the digital currency system will grow 63% by 2018. But their demand will strongly increase until the year 2020.
What is the reason for this great growth in the use of cryptocurrencies?
Mainly the company Gartner Inc estimates that companies in general will grow to a level above the average, based on calculations on new technologies and consumption.
In summary of what the firm Gartner explains: The technological consumption advances very fast, the society advances very fast, therefore the banking systems and companies will have to adapt to these changes, and they will do it.
IOTA grew to more than 8.500 million devices in the year 2017, according to the industry and the report presented by the US company is expected that IOTA will have an exponential growth in 2018 and 2019.
IOTA has no feeds and is infinitely scalable, IOTA technology has the possibility of beating all other cryptocurrencies, IOTA may be the protocol that may be executed in the near future.
The research report presented by the US company makes clear, however, that not all cryptocurrencies will grow in the same way and that several of the hundreds that exist in the market today will disappear.
This is because the vast majority of digital currencies in the market employ the Blockchain system, a network of high-cost transactions and slow end-to-end transactions. There are few cryptocurrencies that do not use this system and have a low cost for financial institutions and more security. These include Ripple, and its digital currency XRP, already used by several financial entities, and the IOTA system and its MIOTA currency.
Big players are behind this digital currency, among their collaborators are Deutsche Bank, Telecom, Samsung and Microsoft.
In addition, the German company that created this protocol are founding members of the IOT network, which includes large companies worldwide such as Cisco, Bosch and Consensys.