About IOTA (MIOTA)
 

Overview

IOTA (MIOTA) is a third-generation cryptocurrency offering free, real-time microtransaction between Internet of Things (IoT) devices. Using the Tangle, an innovative blockless distributed ledger, IOTA gives users the ability to transfer value internationally without any fees. Another essential feature of IOTA is its ability to store and transport data through the Tangle allowing users to establish secure communication channels between devices. All data stored and transferred through the Tangle is fully validated and tamper-proof, ensuring attacks are impossible.

Technical

The main innovation behind IOTA is the Tangle, a revolutionary blockless distributed ledger promising a myriad of benefits unheard of in blockchain technology before. Traditional blockchains need miners to approve transactions by creating new blocks and adding them to the blockchain. The Tangle does not rely on miners; instead, new transactions directly or indirectly approve previous transactions before being approved themselves. As a result, IOTA's transactions per second will increase as adoption rates grow. Further users issuing transactions contribute to the security of the interface. All of this means for the first time in history, the transfer of value/money is possible without any fees. Masked messaging (MAM) is another feature IOTA brings to the table. MAM enables nodes to exchange validated, and encrypted information through the Tangle, meaning users can transfer valuable and sensitive data with quantum-proof security.

Future Focus

IOTA aims to be the primary digital currency used internationally for peer-to-peer transactions. Since development IOTA has concentrated heavily on security, scalability, and efficiency, moving forward, these factors will continue to be the focus. IOTA has always had a long-term perspective; the team wants to provide sustainable benefits with technology that will remain relevant for many years to come.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

Buy IOTA (MIOTA)

Trading Hours:
9am – 10pm, 7 days.

11268

Need to know

We run a tight ship here at Bitprime. Before purchasing, all customers must:

Register a user account with us.

Verify your ID.

Login before purchasing.

Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

Buy Bitcoin

Due to the price of sending and sourcing BTC the minimum order is $500.00.

Trading Hours:
9am – midnight, 7 days.

We are Off now.