IOTA has been one of the platforms at the forefront of machine to machine and machine to human interoperability. Its tangle technology is a radical departure from the usual incentive based security system such as proof of work, the project has continued to make inroads in terms of real life utility.
The groundbreaking platform which has become the go-to platform for internet of things essentially is working on the possibilities in ease of connectivity and interconnectivity of machines and the internet.
This is why the project has attracted the attention of many big tech players such as Volkswagen and Audi. A recent tweet from the platform’s official Twitter page stated:
“In the end, #IOTA is so much more than a “protocol for machines.” It is a living ecosystem that enables interoperability between the digital & the physical, the human & the device, the past and the future. In a way, it is the digital infrastructure for an entirely new economy.”
IOTA Releases Trinity Desktop 0.6.0
The recent release of the Trinity Desktop wallet by the IOTA development team is meant to enable automatic node management on the platform.
This was made known by the team in a blog post that stated that the new update comes with a lot of new options, especially for advanced users who could make several adjustments to the node settings. These have provisions for stability fixes as well.
IOTA Price Analysis
IOTA has seen some downtrends in the medium term but is approaching the end of a channel in which a bullish trendline has shown a reversal. It is obvious that this bullish trend may not be sustainable for long since it goes against the major trend.
The coin is presently trading at $0.449957 up 3.97 percent in the past 24 hours. With a trading volume of $49.6 million, it is obvious that the altcoin like many others has lost a substantial volume of its trade to Bitcoin which has shown bullish movements in the past 24 hours.