NEW DELHI: One of the most extravagant predictions sees bitcoin at $1 million within three years. The e-currency has surged over 180 per cent in December so far.According to coingecko.com, IOTA is a distributed ledger for the Internet of Things. This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers,” Microsoft’s Omkar Naik in a statement published on the IOTA Foundation website.In terms of market capitalisation, bitcoin has the highest market cap of Rs 18.46 lakh crore. It is followed by ethereum (Rs 2.80 lakh crore), bitcoin cash (Rs 1.66 lakh crore) and IOTA (Rs 0.71 lakh crore).In rupee terms, IOTA is hovering at around Rs 258.Other cryptocurrencies, including bitcoin, ethereum and bitcoin cash is trading at Rs 11 lakh, Rs 29,100 and Rs 98,000 lakh, respectively. Ripple was trading at Rs 16.41, according to the data available with coingecko.com.A cryptocurrency is a digital currency created and stored electronically.

Source: Economic Times December 08, 2017 06:14 UTC