|Brief||The idea behind IOTA is to create a payment technology for the emerging IoT (Internet of Things) markets. This cryptocurrency was created on a distributed ledger algorithm called “The Tangle”.|
|Last updated:||Wednesday, October 28, 2020 5:00:03AM UTC|
|Crypto Volatility Index (CVIX):||15|
|Current price, USD:||0.277653|
|Market capitalization, USD:||771 744 277|
|Available supply:||2 779 530 283 MIOTA|
|Volume 24 hours, USD:||15 383 088|
General MIOTA facts, technical details and general information about IOTA crypto currency
The idea behind IOTA is to create a payment technology for the emerging IoT (Internet of Things) markets. This cryptocurrency was created on a distributed ledger algorithm called “The Tangle”. IOTA has a lot of advantages: transactions are cost free, confirmation is fast, scalability is unlimited, and its potential usage is huge (though its machine-to-machine aspect can also put off some investors). The cryptocurrency started trading in June 2017 and has gone 446% up since then with info of its latest partnership with Microsoft acting as price rally trigger.
The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today's Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.
The IOTA Tangle is a Directed Acyclic Graph which has no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network; instead, the throughput grows in conjunction with activity in the network; i.e., the more activity, the faster the network.
IOTA (IOTA) is a distributed ledger for the Internet of Things that uses a directed acyclic graph (DAG) instead of a conventional blockchain. Its quantum-proof protocol, Tangle, reportedly brings benefits like 'zero fees, infinite scalability, fast transactions, and secure data transfer'.
By solving the inefficiencies of the Blockchain, IOTA, based on the revolutionary distributed ledger technology, the Tangle, is the missing link for the Internet of Everything and Web 3.0. Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies - the most important one being the Machine Economy which we are building.
IOTA’s distributed ledger, by contrast, does not consist of transactions grouped into blocks and stored in sequential chains, but as a stream of individual transactions entangled together.
We list daily IOTA historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 19||0.272998||0.266394||0.279792||774 688 471|
|Oct 20||0.277103||0.264436||0.277103||737 079 139|
|Oct 21||0.264515||0.264515||0.285395||793 263 203|
|Oct 22||0.282002||0.282002||0.291147||798 904 504|
|Oct 23||0.282213||0.272927||0.282213||767 192 788|
|Oct 24||0.274478||0.274478||0.287830||796 735 202|
|Oct 25||0.287622||0.277332||0.289893||770 851 624|
|Oct 26||0.277860||0.269202||0.285161||759 950 643|
|Oct 27||0.274029||0.272092||0.282725||770 722 763|
|Oct 28||0.276913||0.276913||0.278675||771 744 277|
|MIOTA price change 24 hours||1.68%|
|MIOTA price change 7 days||2.57%|
Commenting to the person below. Here’s your pump. A direct use case and partnership with Jaguar/Landrover. I was skeptical of IOTA at first, but this announcement really seals the deal. Jaguar/LandRover said specifically that they would reward...
Johhhnnyyyy May 1, 2020 MIOTA
I’m still holding out for a big pump on IOTA. I think they are the most overlooked project in the entire top 20 chart and they have amazing potential for the next 2-5 years. They are at the forefront for IOT technology and we all know that it’s the...
Eric April 21, 2019 MIOTA
IOTA is a really cool project, but they lack the recognition outside of the blockchain space. Most projects have been busy gaining exposure through gimmicks like LTC putting their logo at a UFC fight. IOTA is just another project to most because...
Trevor April 14, 2019 MIOTA
IOTA has seen a significant jump in gains. In the last few weeks, it's rallied further than most large cap coins, and this has been because of it's additions to payment apps. IOTA needs to continue this trend to regain its top 10 spot on CMC, and...
Mike March 25, 2019 MIOTA
The hits keep coming with IOTA. The IoT will never be the same after IOTA. It's disruptive technology will be the first tangle project to make a real difference. Cars, home appliances, phones everything will have a backround with Tangle technology...
Alex March 8, 2019 MIOTA
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