IOTA MIOTA to Force Protocol FOR Exchange

Crypto Pair Details: MIOTA to FOR

IOTA MIOTA

IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).

Force Protocol FOR

The Force Protocol is committed to creating an open source open source platform for distributed crypto-finance, providing solutions based on cross-chain technology to developers of crypto-financial services applications. Specifically, The Force Protocol will be based on the current mainstream public chain and t The Force Protocol public chain in the future, through the abstraction and encapsulation of the universal module of the crypto-financial business, providing services in the form of SDK and API. On this basis, application services only need to be oriented to interface programming, focusing on the implementation of business logic, without the cost of implementing and maintaining the underlying technology of the blockchain.

SOURCE: COINGECKO

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