IOTA
| Last updated | 11 hours ago |
| Price per MIOTA in USD | $ 0.16422216243246 |
| Price per MIOTA in Bitcoin | 0 |
| Volume over the last 24 hours | $ 19,710,342 |
| Market cap in USD | $ 612,070,123 |
| Change in % over the last hour | 0.03911199 |
| Change in % over the last 24 hours | 1.46418943 |
| Change in % over the last 7 days | -3.16530033 |
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.