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IOTA unleashes Fast Probabilistic Consensus Simulator; the Linux deal will greatly aid MIOTA in the long run


IOTA is ranked at #16 to the south of Huobi Token and TRON in the market. This virtual currency was in the green zone a few hours ago but has since declined at a rate of 0.55% which led to MIOTA dropping to reach $0.262404 where it presently rests. The trading volume recorded stands at roughly $3.629 million, whereas the supply has approximately 2.779 billion MIOTA tokens in play for now. The total market cap of IOTA is $729.358 million as of this very moment.

With the help of LF Edge, the IOTA Foundation has successfully teamed up with the LINUX Foundation. This partnership may result in further mass adoption, particularly in the United States, Canada, as well as Mexico. Like Cardano, IOTA has been working diligently to build a technologically-sound network which shall have real-world applications.

Do note that the Linux Foundation serves as the backbone for Hyperledger. The key areas of focus for IOTA include the development of smart cities, enhanced transportation with the use of self-aware devices powered by IOTA’s tangle, better healthcare, and so on.

As a project that runs on Distributed Ledger Tech, IOTA differs greatly from Bitcoin, Ethereum, XRP, etc. Scalability is incredibly high, and there are no transaction fees linked to transfers [except when it involves centralized exchanges]. By the time Coordicide is implemented, IOTA will become a fully-decentralized network.

The IOTA Research Department has done it again! The FPC [Fast Probabilistic Consensus] Simulator is open for all to see and test, and is constructed with the help of the Go language. You can take a look at the detailed blog-post published a few days ago. This simulator shall aid one in examining the drawbacks tied to specific nodes in the absence of complete knowledge of the entire network.

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