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IOTA (IOT)

$ 0.0000000

Market Cap	Volume	Last Trade

IOTA Details

Built On	Launch Date	Proof Type	Max Supply	Circulating Supply	Website
			0	0	NO
Platform	Block Reward	Block Time	Block Number	Net Hashes Per Sec	IOTA
			0	0	Trade

IOTA (IOT) price today is $0.0000000 USD. Trading volume was $0.00 USD in the last 24 hours. Current market cap of IOTA is $0 USD. IOTA has a circulating supply of 0 IOT coins out of a maximum supply of 0 IOT coins.

IOTA is a crypto coin that was originally designed for the so-called Internet-of-things. The IOTA team that developed the project created a distributed ledger architecture that will help to support the new machine economy — allowing machines to trade resources and services independently.

IOTA was developed to improve on what had been achieved by Bitcoin. This growing digital currency allows people to buy and sell services, but it offers greater security, privacy and scalability than Bitcoin.

IOTA employs directed acyclic graph technology to deliver a decentralized alternative to the blockchain — although it’s worth pointing out that the network isn’t yet fully decentralized.

History of IOTA

An initial coin offering for the IOTA cryptocurrency (IOT) was launched in 2015. The digital currency was initially traded by the Bitfinex exchange after publicly supporting the initiative during the development phase. Incredibly, the trading volumes during the ICO were so high the Bitfinex servers briefly crashed.

After the first two hours of the IOTA ICO, trading was more than 10 times that of Bitcoin. The cryptocurrency managed to achieve an initial market capitalization of around $1.5 billion, which sent it straight into the top 10 digital currencies in the World. While the relative market capitalization has fallen somewhat since the ICO, IOTA is now only in the top 40 of crypto coins, IOTA still remains popular among investors.

Technology of IOTA

IOTA is driven by tangle — a directed acyclic graph-based ledger. Rather than using blocks like Bitcoin, IOTA relies on two-parent transactions. The network structure is therefore represented by a graph without directed cycles. A never-ending tree of nodes and networks is the result.

IOTA doesn’t rely on blocks for verification. Instead of miners or stakers, the digital platform utilizes validation and consensus — decided by all of the active users at the time. With IOTA, all users have an equal say during the process of making transactions.

Rank	Exchange	Country	Coin Types	Fees	Trade
1	Binance	Cayman Islands	378 Currencies including IOT	0,10%	More infos
2	Etoro	Cyprus	34 Currencies including IOT	0,10% > 1%	More infos
3	Coinbase	US	107 Currencies including IOT	1,49% > 3,99%	More infos
4	Bitfinex	British Virgin Islands	150 Currencies including IOT	0,10% > 0,20%	More infos

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Coins similar to IOTA

IOTA Goes from Strength to Strength

Tangle is more efficient than the block chain for a number of reasons, including the fact that it uses DAG technology across a peer-to-peer network. The fast and efficient nature of IOTA means transactions and privacy are more reliable than blockchain-based currencies such as Bitcoin. For these reasons, the future is relatively bright for IOTA. Unlimited data growth and the scalability potential of the currency are also signs that it will prove attractive to investors for many years to come.

IOTA’s team is growing, and more and more talented and experienced people are joining the team all the time. As a result of the talent at IOTA, its currency has been stable since its launch — and that’s always attractive to investors.