IOTA

IOTA is a feeless distributed ledger for IoT. It cannot be mined. IOTA is currently worth $ 0.25 per coin.

IOTA

Last updated 2 hours ago
Price per MIOTA in USD $ 0.24516573168959
Price per MIOTA in Bitcoin 0
Volume over the last 24 hours $ 45,524,464
Market cap in USD $ 890,294,203
Change in % over the last hour 0.09011216
Change in % over the last 24 hours 7.38933892
Change in % over the last 7 days 9.26865674

MIOTA specifications

Name IOTA
Symbol MIOTA
Minable No
Algorithm N/A
Prooftype Tangle
Total coin supply 2779530283
Premine: N/A

Coin description

IOTA is a distributed ledger technology designed for the Internet of Things (IoT), enabling feeless microtransactions and secure data transfer between devices. Unlike traditional blockchains, IOTA uses a directed acyclic graph (DAG) called the Tangle, which eliminates the need for miners and reduces transaction costs to zero. This makes it particularly well-suited for IoT applications, where devices need to communicate and transact seamlessly.

IOTA IoT Integration

IOTA's focus on machine-to-machine communication makes it ideal for IoT applications like smart cities, supply chain tracking, and autonomous vehicles. Its feeless model and scalability set it apart from other cryptocurrencies, as it can handle a high volume of transactions without congestion. For example, IOTA has partnered with companies in the automotive and energy sectors to explore use cases like electric vehicle charging and data monetization.

One of IOTA's most ambitious goals is to enable the "economy of things," where devices can autonomously trade resources and services. This vision aligns with the growing trend of interconnected devices and decentralized networks, positioning IOTA as a key player in the future of IoT. Keywords like IOTA IoT solutions and Tangle technology are closely associated with this project.

IOTA price history