IOTA uses Tangle DAG for faster, fee-less transactions.
IOTA is a scalable, fee-less, decentralized network using Tangle technology for fast machine-to-machine data exchange in the Internet of Things.
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What is IOTA (IOTA)?
IOTA, launched in 2015 by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo, aims to power the Internet of Things (IoT) by facilitating seamless data exchange between machines and humans. Its cryptocurrency is MIOTA. IOTA utilizes Tangle, a Decentralized Acyclic Graph (DAG), for transaction confirmation, claiming faster and more efficient performance than blockchains. Tangle addresses Bitcoin's scalability issues by removing blockchain limitations. Tokens are pre-mined, and transactions are validated through the Tangle network's non-sequential nodes, creating a 'tangle' where nodes connect in one direction only. Unlike blockchains, IOTA's DAG allows simultaneous transaction processing, increasing validation speed and security as more nodes join the network. Key b...
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IOTA price live information
As of now, IOTA is trading at 0.1585 USD, with a 24-hour trading volume of approximately 729.79K USD. The IOTA to USD price is updated in real time. Over the past 24 hours, IOTA has increased by 0.25%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 593.78M USD. Currently, there are 3 746 223 722 IOTA in circulation out of a maximum supply of 3 746 223 722 IOTA.
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