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8

Here are some properties of IOTA: Scarce: has a finite limit Can be used to purchase things instantly and without fees: cheaper to make purchases for both buyer and seller, creating value over credit cards and paypal Can be used without human operator: machine to machine transactions IOTA does money BETTER than current options, therefore, people are ...


6

What you are referring to as 1 Mi is 1 MIOTA, which stands for 1 million IOTA. 1 MIOTA is the standard traded amount of IOTA on exchanges, but the you can divide it into 1 million single IOTAs which is the smallest amount to transfer. By holding 1 MIOTA you have the capability of sending 1 million 1 IOTA transactions. See the following image for the full ...


5

Currently, 1 IOTA (not MIOTA) is the smallest usable unit and it is not divisible. However, in the (admittedly) unrealistic case that the value of 1 IOTA increases too much be useful for micro transactions, it is possible to effectively add extra decimal places by artificially increasing the overall supply (see e.g. this link for an instance when this ...


3

Once m2m economy requires more fine-granular payments (even less than 1 iota maybe) the founders stated that the supply would be increased proportionally to the owners' stake. They wanted to avoid having comma-values in iota ever since. Also Integer values are easier to handle by low-range iot devices than floating point calculation Surely there is a point ...


3

This should explain it. A single iota is the smallest of value, a Mi megaIOTA is 1,000,000 iota:


2

If you send funds to the wrong address and the transaction is confirmed: there is no way to get your funds back. If the transaction is not confirmed yet, you can try to double spend and hope that the second transaction will be confirmed before the wrong one. (it will expose your key to an attacker... But anyway your funds will be lost if you do nothing)


2

In order to send value over the IOTA network you must use the IOTA token/coin so it will have stored value. Also, the value of the services offered over the network and the value of the sensor data available from devices over the network will give it market value. Another way it has value is from the exchange value with other cryptocurrencies on exchanges as ...


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