IOTA (MIOTA) Price

Name: IOTA
Brand: Cryptocurrency
SKU: MIOTA
Price: 0.418152 USD
Availability: InStock
Rating: 4,6 (10 reviews)

MIOTA

IOTA

4,6

★

$0.418152

0.61%

Today's Current Price in US Dollar

Market cap

1,489,894,771.0

Total volume

111,238,537

Circulating supply

3,554,846,536

Total supply

4,600,000,000

Buy / Long

Sell / Short

IOTA heralds a revolutionary approach to the interconnected world of the Internet of Things (IoT). It stands out as the premier ledger tailored for microtransactions at zero cost, alongside providing a robust platform for the secure exchange of data. Distinct from its predecessors, IOTA distinguishes itself by eschewing blockchain technology. Instead, it introduces an avant-garde, quantum-resistant system known as the Tangle. This cutting-edge mechanism paves the way for unparalleled advantages, including negligible transaction fees, boundless scalability, swift processing times, and a fortified protocol for data privacy. Initially, IOTA propels itself to be the foundational infrastructure for the IoT universe.

Apart from its innovativeness, IOTA is crafted as a digital currency void of any transaction charges, eliminating the need for miners to validate operations. Nevertheless, it incorporates a modest requirement for computational effort to enact a transaction, rendering it ideally suited for the automated exchanges and communications inherent to the IoT landscape. IOTA's mission is to vanquish the pivotal challenges besieging blockchain technology. Principal among these is the conundrum where an expanding blockchain, akin to that of Bitcoin, becomes gradually cumbersome, costly, and limited in transactional throughput. There's also the dilemma of blockchain bloat, where continuous block additions enlarge the chain to lengths that challenge computational mining feasibility. Presently, the blockchains of BTC and ETH stretch beyond 150GB, a tenfold increase in size could severely restrict mining capabilities to a select few, thereby ushering in an era of centralization (evidenced by the dominant Bitcoin mining collectives controlling upwards of 56% of the network’s hashing power).

Homepage: http://iota.org/
Twitter: iota
Reddit: iota