The use of smart contracts remains the key turnaround factor with the cryptocurrency space. Smart contracts brought about the decentralization of digital assets and eliminated third-party interferences in crypto transactions.
Distributed ledger and open-source cryptocurrency, IOTA, moved their smart contract platform to a beta stage. Launched in October 2020, this latest phase offers its users a platform to get high-speed and zero-fee transactions.
IOTA emerged within the 2017 ICO boom. The digital asset came to support the Internet of Things that harmonizes physical items into the internet and digital world. Nevertheless, the cryptocurrency floated to irrelevance as interest in it died down in 2018.