IOTA is leading a green day across most of the market with the new release of its Trinity wallet. In this article we are going to cover the launch of IOTA’s Trinity wallet, IOTA price action and sentiment, and look at an indicator for upcoming market movements.
Nothing should be considered investment or financial advice. Enjoy the ride.
IOTA Launches Trinity
IOTA has long been one of the most speculative investments on the market with its new data structure, the Tangle. The challenges presented by this new structure have made development take longer than most block chains on the market, but the benefactors of this technology are massive long-term. Finally, the IOTA foundation is launching their Trinity wallet for market wide use that should help put some investors minds at ease as they store their IOTA safely and securely.
The wallet originally started as a summer project for college students, but after some traction with the community and foundation, the students were hired onto the foundation and have been working full time developing the wallet. To date, the wallet has served to transact over 1.8 billion USD in IOTA and has over 160,000 downloads. In short, the project has been a huge success.
In addition to the success of community adoption, the wallet has received as “low” risk security rating from one of the cybersecurity leading firms, Sixgen.