Good News For IOTA Owners-This Is Why IOTA Crypto Soared! - Kakiforex | Forex markets for the smart money. Good News For IOTA Owners-This Is Why IOTA Crypto Soared! Good News For IOTA Owners-This Is Why IOTA Crypto Soared!

March 30, 2021

Good News For IOTA Owners-This Is Why IOTA Crypto Soared!

 Binance Smart Chain (BSC), which is a centralized blockchain network is increasingly becoming the site for various projects in blockchain networks. This is due to transaction fees and large scale.


Today it was reported that IOTA is now the latest blockchain platform to be launched at BSC. In other words this move will extend the liquidity of IOTA tokens to various other networks.


The IOTA token is launched at BSC as a ‘wrapped version’. Primary token holders can convert their IOTA to BEP20 IOTA using ‘Binance Bridge’. With BEP20 tokens, holders can access and participate in several protocols on the BSC ecosystem including ‘staking’ and ‘Defi’.



At the same time, the IOTA expansion team is also planning to expand the cryptocurrency to other blockchain networks.


IOTA uses its own technology called "Tangle", this technology is different from blockchain technology. IOTA is a publicly distributed ledger that is communication -oriented and secure payments. In contrast to the blockchain as used by Bitcoin, Tangel does not have a block, which is blockless, so with IOTA there is no scalability issue.


Since the end of last year, many projects and users have left the second largest blockchain network Ethereum for Binance Smart Chain due to the issue of costly transaction fees. Recently, the Basic Attention Token (BAT) cryptocurrency was also launched on the BSC blockchain in the form of a ‘wrapped token’.


The number of daily transactions on BSC has recorded a significant increase over Ethereum. However, if ETH is able to overcome the issues that are obstacles then it is possible to witness the number of demand for ETH blockchain will increase.