IOTA, the cryptocurrency whose value grew almost 800% in a month, much more than the bitcoin
The striking growth of bitcoin in recent weeks has not been enough to quell the doubts generated by a market that offers huge returns but is not subject to regulatory controls.
However, the increase in its value has been overshadowed by the explosive rise of a much less known cryptocurrency.
This is the IOTA, an investment product that declares itself "the backbone" of the "internet of things" economy.
The value of IOTA increased an impressive 774 % from the beginning of November to date.
This has raised the total market capitalization of IOTA to US $ 12,000 million , allowing it to enter the list of the five largest virtual currencies in the world (bitcoin, ethereum, bitcoin cash, IOTA, ripple), according to the financial information site MarketWatch. .
This happened after the publication of reports that several high-profile technology companies (including Microsoft) were coordinating efforts with the German NGO that monitors the IOTA to create a secure data market so that they are not wasted.
IOTA co-founder and CEO David Sonstebo told the financial news network CNBC that "currently 99% of this valuable information is lost in a vacuum."
"IOTA encourages the idea of sharing the data through their transactions free of the payment of a fee and ensuring the integrity of the information for free," he added.
According to the specialized site Cryptocurrencychart.com , on December 6 the IOTA came to be worth US $ 4.5 per unit , while bitcoin was US $ 12,962.
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