Designed to facilitate micropayments between the devices that compromise the ‘Internet-of-Things (IoT)’, IOTA offers fast, feeless transactions that are designed to help power the developing machine economy.
Unlike Bitcoin and most other cryptocurrencies, IOTA is instead based on a new type of distributed ledger known as the ‘Tangle’, which is a type of Directed Acyclic Graph, or DAG. DAGs have the benefit of being hugely scalable and do not require an energy-intensive mining process to ensure the security of the network, making them perfect for large, complex networks such as the IoT.
With the Internet of Things gaining in both size and complexity, platforms like IOTA will be needed to ensure further growth, and should be among the first cryptocurrencies to benefit from the growth of IoT.
If you are somebody who wants to invest in IOTA, it is imperative that you do so in a safe way. One of the best ways to do so is using a cryptocurrency hardware wallet, with the popular browser-based wallet Romeo, offering a simple way to securely manage your IOTA.
To complete this guide you will need Ledger Live installed on your computer, and will need your Ledger Nano S to hand. To get more information visit #Guide.
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