IOTA (MIOTA) Records 1 Million Transactions Within 88 Seconds During Test Run

IOTA is the future and the future is now. Time and again, the platform has proven that it is everything a DLT technology should be and more. Yesterday, a Twitter post from Roman Semko stated that’s the Tangle technology processed up to 1 million transactions within 88 seconds with about 300 nodes. The test was done in a simulated environment and it is further prove that IOTA is taking the lead in the DLT industry.

LIONBITIOTA (MIOTA) Price Today – MIOTA / USD

Name Price 24H (%)
Bitcoin (BTC)
$7,065.88
1.1%
IOTA (MIOTA)
$0.73
0.64%

Although the results were gotten during a simulation, it still says a lot about the power of the technology and how far into the future IOTA has moved in comparison to other projects. Achieving over 1 million transactions within a little more than a minute makes tangle the most suitable technology for machine-machine communication. The transactions are close to instant.

The result of this test is also a sign that the IOTA team is doing everything within their power to make sure the cryptocurrency lives up to its goal. A while ago, the IOTA Foundation claimed that it is ready to do whatever is necessary for the success of the project. Everything the platform has accomplished so far is proof that the words are true.

TIPIOTA has been making headlines on the partnership front thanks to its collaboration with Audi and Volkswagen. The rumour in town is that a partnership with Tesla and Uber might be on the horizon.

IOTA (MIOTA) Price Analysis

At the time of writing, IOTA (MIOTA) was trading at $0.713959 which indicates a 5.04% rise against the USD and a 4.39% rise against Bitcoin. The price action is rather impressive since many other cryptocurrencies are trading on a declining trendline. It’s possible that the good news from the IOTA Foundation has contributed in the price boost. The next few days of trading will determine if the price of IOTA will continue to trade in green or if the price action will become negative.


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Author Uma Johnson
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