IOTA (MIOTA)

0.00024742 BTC
$ 2.92 USD
-18.27 %

IOTA News

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About IOTA
IOTA Price
What is IOTA?
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IOTA Price

Price
$ 2.92 USD
0.00024742 BTC
24hr Volume
$ 188,981,000.00 USD
Market Cap
$ 8,103,942,903.00 USD
1 Hour Change
4.39 %
24 Hour Change
-18.27 %
7 Day Change
-19.48 %

What is IOTA?

IOTA is an open source cryptocurrency targeting the internet of things (IoT). It claims the following advantages over other cryptocurrencies: free and faster transactions, unlimited transaction capacity, and a more scalable alternative to the more common blockchain public ledger.

IOTA Tangle

IOTA's key innovation is known as "the tangle," an interconnected network of users who must confirm two other randomly transactions to complete their own transaction. Rather than relying on centralized nodes to maintain and verifying the entire transaction history, the tangle allows for a reliable cryptographic method of decentralized, trustless transactions.

IOTA Supply

IOTA's current and maximum supply is 2,779,530,283 iota. It uses a version of the SHA-3 cryptographic algorithm, after a security vulnerability was discovered in a self-designed hash function.

IOTA Price

The price of IOTA rose from under $0.50 USD to over $5.00 in 2017 and is currently in the top 10 cryptocurrencies by market cap.

IOTA Wallet

The official IOTA wallet can be found on GitHub.

More Information

IOTA was launched in 2015 and is currently overseen by the IOTA Foundation.

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