IOTA - Live IOTA price and market cap

IOTA Crypto Coin Rank 75

Website

2,779,530,283 MIOTA

24h Vol

210 BTC

1 H

-0.03 %

24 H

1.34 %

7 d

1.01 %

Today IOTA price in US dollars is currently 0.1519 USD, and if converted to Bitcoin is 0.00000551 BTC. A total of 2,779,530,283 MIOTA are currently circulating in the Market. IOTA price is currently experiencing a change of 1.34 %, and check here all cryptocurrency. Over the past 24 hours 0.058 M US dollars IOTA have been traded on Crypto Exchanges. Get IOTA's progress by adding it to your favourites and creating a free portfolio.

Full Name

IOTA

Symbol

MIOTA

Algorithm

BTC Price

0.00000551 BTC

BTC Market

15,305 BTC

BTC 24h Vol

210 BTC

Total Coins Mined

2,779,530,283 MIOTA

-0.03 %

24h

1.34 %

1.01 %

Twitter

IOTA

Website

IOTA

Description

IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT). For a more in depth look at the technical design of IOTA read their https://iota.org/IOTA_Whitepaper.pdf.

The total supply of IOTA is (3^33 - 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation - it is the largest possible 33-digit ternary number:

111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)

The total IOTA token supply was "minted" on the genesis transaction and will never change. It is now impossible for anyone to "mint" or "mine" new IOTA tokens.

IOTA uses the International System of Units (or SI units):

Technology

Sorry, detailed technology about IOTA is not currently available

Features

Micro transactions

For the first time ever true micro and even nano-transactions are enabled due to the unique IOTA Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web. This nurtures brand new business opportunities for companies that prohibitive fees has kept in the realm of the impossible until now.

Data transfer

Core feature of IOTA is the ability to transfer data through the Tangle. IOTA gives you several options to do so, making it possible to establish secure and authenticated communication channels between devices. All data which is transferred through IOTA is fully authenticated and tamper-proof - making attacks impossible.

Voting

Although IOTA is uniquely suited for the Internet-of-Things, the Tangle enables a variety of different use cases that involve secure data transmission, especially for eGovernance. An important part of this sector is e-Voting. The exploration into this field of use-cases has already begun by several companies and academics.

Masked messaging

As the first extensible module of the IOTA core, MAM enables nodes to exchange data through the Tangle, fully authenticated and encrypted. This means that your devices can transmit valuable and sensitive data with quantum-proof security through the Tangle, ready to be analyzed later. MAM makes it possible to share data with multiple parties easily, similar to a radio, multiple parties can simply tune in on your frequency and get the broadcast data.

Leasing anything with a Chip

While the whole world has adopted the ‘Sharing Economy’ in areas like driving and accommodation, IOTA enables a whole new realm where anything with a chip in it can be leased in real time. Most of our belongings stay idle for the vast majority of time that we possess ownership of it, but through IOTA a lot of these things like Appliances, Tools, Drones, eBikes etc. and resources such as computer storage, computational power, WiFi bandwidth etc. can be turned into leasing-services effortlessly.

ICO Status

Finished

Token Supply

2779530283

Start Date

2015-11-25

End Date

2015-11-25

Fund Raised (BTC)

N/A

Fund Raised (USD)

0.434511

Start Price (USD)

N/A

Security Audit Company

N/A

ICO Legal Form

N/A

ICO Jurisdiction

N/A

Legal Advisers

N/A

White Paper

MIOTA Whitepaper

The initial coin offering (ICO) for IOTA crypto token (IOTA) was in 2015. The token started being traded June 2017 by Bitfinex. The exchanged admitted to have been following the development of IOTA for the last year and has publicly supported the project.