1000 iota to usd12/31/2023 ![]() I think you misunderstand IOTA if you simply project all of internet traffic onto the tangle. I can't predict the future but as it stands from the latest figures that was given by iota foundation regarding its tps, its highly unlikely. This is not considering that at 2035 that Web 3.0 will have an inflation of at least 10 folds from this figure of 65k gb (from 2015 to 2020 (3 folds)). The solution to infinite scalibility needs to be found for it to be effective as a web solution since data traffic 65000gb is moving around every second in 2020. ![]() At this moment in time, unless it could do what is promised, it is unlikely to happen. The only possibility to see that happening is iota is going to be Web 3.0 given that there are a lot of products that are there to take a portion of the worlds fiats share. 2.7 trillion would mean it needs to acquire 5.42 percent of the worlds money. So an estimate of 49.8 trillion will be available at 2035. I m taking USA as a benchmark considering its the worlds largest economy in the world. The US inflation rate stands at an average of 2 percent (higher deviation) per year. There is 37 trillion worth of money in the world currently. Posts that are not related to IOTA can be made elsewhere, e.g. ![]() This includes, but is not limited to, no: personal attacks, threats of violence, slurs, trolling, profanity, posting people's private information (doxxing). No buying/selling of iotas on Reddit (only trust the listed market exchanges) scammers may try to scam you! Report any scammers to mods here. Related Subreddits: r/IOTA / r/IOTAsupport / r/iotaTipBot / r/IOTAmemes / r/CryptoCurrency / r/CryptoCurrencies Rulesįor discussion of non-market-related IOTA topics, visit r/IOTA. Supply & Units: i./lsq4610.jpeg / i./Y6zOB5G.jpg IEN Application: goo.gl/forms/OrrXmhu1rKfy2dgp2 InformationĮcosystem Fund: /iota-ecosystem-fund-2-millionĪMA: r/Iota/comments/6hugtq/ask_us_anything IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers) rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. Scaling limitations have been removed, since throughput grows in conjunction with activity the more activity, the more transactions can be processed & the faster the network. IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ' iota' has a fixed money supply with zero inflationary cost. IOTA is an open-source distributed ledger protocol launched in 2015 that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. For discussion of non-market-related IOTA topics, visit r/IOTA Please focus discussion on IOTA investment, trading, and market-related activity.
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