{"id":305109,"date":"2021-09-30T10:44:24","date_gmt":"2021-09-30T14:44:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=305109"},"modified":"2024-10-27T10:13:28","modified_gmt":"2024-10-27T10:13:28","slug":"sell-iota","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/sell-cryptocurrency\/sell-iota","title":{"rendered":"How to Sell IOTA"},"content":{"rendered":"

IOTA is a cryptocurrency that works independently of Bitcoin or any other currency. IOTA is one of the few cryptocurrencies that does not use blockchain technology, it makes use of its variant of a blockchain, known as “The Tangle.” IOTA aims to provide a third data layer above the current two in the financial system, especially for the “Internet of Things” (IoT), hence the name, “IOTA.”<\/span><\/p>\n

The IOTA Network’s native “currency” is called IOTA, which is almost identical to how Ether’s native currency is known as Ethereum. In 2015, IOTA was launched and received funding for its operations from Bitcoin, which had a total value of roughly $500,000 at the time. <\/span><\/p>\n

IOTA aims to build a decentralized platform for prediction market predictions. Users may create their own questions about important events and profit from them by purchasing optimistic or negative shares concerning the outcome of such an event, thanks to the Ethereum-based decentralized protocol. <\/span><\/p>\n\n \n

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