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Market Cap
$617,987,668.5
Fully Diluted Valuation
$735,371,205.2
24 Hour Trading Vol
$13,014,504.7
Circulating Supply
3,865,725,575.0
Total Supply
4,600,000,000.0
Max Supply
∞
IOTA Price
$0.160
24h Range
$0.158 - $0.164
Percent Change 1h
-0.12%
Percent Change 24h
-2.51%
Percent Change 7d
-0.84%
All-time high
$5.25
All-time low
$0.082
1D
7D
1M
1Y
All
IOTA is a cryptocurrency and open-source distributed ledger technology designed specifically for the Internet of Things (IoT). Launched in 2015, IOTA aims to facilitate secure data and payment transactions between devices. Unlike traditional blockchain technologies, IOTA employs a unique architecture called the Tangle, which is a directed acyclic graph (DAG). This approach eliminates miners, enabling feeless transactions and scalability, making it suitable for IoT applications where micro-transactions are common.
IOTA was co-founded by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Sergey Ivancheglo. The team brought together expertise in various fields, including computer science, cryptography, and business. Their vision was to create a scalable and feeless protocol that could facilitate machine-to-machine payments and interactions, addressing the limitations of existing blockchain technologies.
IOTA operates on the Tangle, which differs fundamentally from traditional blockchain technology. In the Tangle, each transaction confirms two previous transactions, creating a network of interconnected transactions. This structure allows for instantaneous transaction confirmations and eliminates the need for miners, which reduces costs. The Tangle's decentralized nature enhances security and scalability, enabling IOTA to process a large number of transactions simultaneously without congestion.
IOTA has several promising use cases, particularly in the IoT sector. Here are some notable applications:
To ensure the safety of your IOTA holdings, consider the following best practices:
Investing in IOTA (IOTA) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy IOTA: Once your account is funded, you can purchase IOTA directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in IOTA using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
IOTA (IOTA) is currently trading at $0.160 and exhibits good potential for future growth. Check the latest IOTA (IOTA) price prediction.
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