IOTA cryptocurrency technology now standardized
|- IOTA technology set for mass adoption following standardization by both the OMG and ISO.
- The IOTA community currently believes that MIOTA is greatly undervalued.
According to an announcement by the CEO of the Object Managament Group (OMG), Richard Soley IOTA will achieve standardization status before the end of 2019. OMG is a computer industry standards consortium that deals in enterprise integration standards for technologies, for example, USB’s.
In addition to the OMG status, Soley said during the quarter update dubbed “IOTA Insights’” that IOTA will be receiving ISO standardization. The International Organization for Standardization (ISO) standardization will be massive for IOTA’s innovative technology.
Soley explained that technology standardization ensures worldwide adoption. As for IOTA, its token MIOTA is likely to grow in terms of mainstream adoption. The IOTA community currently believes that MIOTA is greatly undervalued.
At press time, MIOTA is trading at $0.28 following a 1.89% loss in the last 24 hours. The cryptoasset has a market capitalization at $797 million and ranked as the 18th largest digital assets.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.