What is IOTA Coin? A quick introduction to the 100% fee free crypto currency alternative

8,916 Views · Posted 7 years ago

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When you first hear about IOTA coin it doesn't sound like a big deal.

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What is IOTA?
IOTA Coin is a currency that has no transaction fees. When my friend first told me about this I didn't pay much attention because transaction fees with litecoin, ethereum and monero are so low already it's never stopped me from making a trade or not carrying out a transaction but when you think of the larger implications of having a free system the benefits become more obvious.

We are lucky to have a free internet that anyone can use. With six billion people in the world most don't have access to a bank account. Their biggest barrier to entry is the fact it cost money to open one or they require a minimum balance. With a free system anyone can have have an account and if a system like this was widely adopted it could replace cash.

Donations
Ethereum: 0x6dbb24c5796d117204d917eb7e3fda1beb1f1bef
Bitcoin: 1DRFx1Jr9jWs93ar13AZCkNDL7V9BebB5E
Litecoin: LfS9rRAYFUFN4R5A6E8e2YrsZmPoE6MgXE
EOS: 0x6dbb24c5796d117204d917eb7e3fda1beb1f1bef
ZCash: t1JqChNouGyThPdaLN9KJ7D5hHFYdn1AEoD

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