IOTA (MIOTA)

$1.92469 (-15.96%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
33 $5,349,730,000.00 $425,226,000.00 2,779,530,000 MIOTA -- -15.96% -3.89% $307.18

Exchange Pair Volume (24h) Price
Bitfinex IOT/JPY 284,512.00 210.6558265900
Bitfinex IOT/USD 14,697,088.00 1.9259000000
Bitfinex IOT/EUR 354,527.00 1.5843000000
Bitfinex IOT/GBP 277,497.00 1.3639000000
Binance IOTA/USDT 146,801,860.00 1.9006000000
Bitfinex IOT/BTC 2,261,852.00 0.0000423500
OKEx IOTA/USDT 84,728,532.00 1.9048000000
HitBTC IOTA/BTC 8,930,907.00 0.0000422110
HitBTC IOTA/USD 31,411,108.00 1.9283940000
Binance IOTA/BTC 30,958,444.00 0.0000421700
Bitfinex IOT/ETH 275,029.00 0.0005451500
Binance IOTA/BUSD 13,740,701.00 1.9013000000
Huobi Global IOTA/USDT 20,601,262.00 1.9149000000
OKEx IOTA/BTC 19,432,328.00 0.0000421000
Nami.Exchange IOTA/USDT 2,272,635.00 1.9025000000
Binance IOTA/ETH 3,046,010.00 0.0005458300
Binance US IOTA/USD 3,037,105.00 1.8953000000
Bitrue IOTA/XRP 242,152.00 1.2622000000
Binance IOTA/BNB 3,465,051.00 0.0035600000
HitBTC IOTA/ETH 1,637,451.00 0.0005454900
Exrates IOTA/USD 89,879.00 1.9224000000
Exrates IOTA/BTC 50,779.00 0.0000424800
Bitrue IOTA/BTC 202,746.00 0.0000424000
CoinEx IOTA/USDT 383,940.00 1.9000980000
DragonEx IOTA/USDT 7,982,489.00 1.9040000000
Huobi Global IOTA/BTC 457,764.00 0.0000421400
Bittrex IOTA/BTC 487,957.00 0.0000421600
Bitpanda Pro MIOTA/EUR 353,035.00 1.6071200000
Exrates IOTA/USDT 147,673.00 1.9187000000
Bittrex IOTA/USDT 236,220.00 1.9140000000
Huobi Global IOTA/ETH 156,087.00 0.0005470000
Gate.io IOTA/USDT 212,320.00 1.9061000000
NovaDAX IOTA/ETH 13,160.82 0.0005510000
WazirX IOTA/USDT 141,853.00 1.9036000000
Bittrex IOTA/USD 137,990.00 1.9010000000
Gate.io IOTA/BTC 29,339.00 0.0000425000
NovaDAX IOTA/USDT 32,961.00 1.9215000000
CoinEx IOTA/BCH 39,943.00 0.0017144700
CoinEx IOTA/BTC 90,918.00 0.0000424593
Huobi Korea IOTA/ETH 9,361.71 0.0005470000
Huobi Korea IOTA/USDT 8,959.75 1.9071000000
Huobi Korea IOTA/BTC 585.56 0.0000422700
Upbit IOTA/KRW 19,234,642.00 2,325.0000000000
Coinone IOTA/KRW 1,896,192.00 2,294.0000000000
Indodax IOTA/IDR 63,166.00 30,424.0000000000
NovaDAX IOTA/BRL 75,552.00 10.4335000000
NovaDAX IOTA/BTC 290.35 0.0000437200
Liquid MIOTA/BTC 1,718.49 0.0000380100
eToroX IOTA/USD 914.40 1.8000000000
Liquid MIOTA/USD 763.05 3.7999900000

Background

IOTA was created to provide distributed ledger technology for the internet-of-things (IoT) space where small connected devices regularly share data. Because these devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does it use a blockchain structure. The goal of the project is to allow these devices to conduct micropayment transactions between themselves and potentially to securely transfer data. At the core of the project is what is referred to as the 'Tangle,' a directed acyclic graph (DAG) that acts as the public ledger system. The team believes that this structure will allow for feeless payments, lower compute cost, and the ability to connect to billions of devices. The efficiency of this system also grows as the number of participants increases as transactions will be processed at a faster rate. One of the project's more recent releases was a data marketplace that allows for storing and selling data streams while masking the source of the data.

Technology

IOTA relies on a DAG system to conduct transactions and exchange data. There is no network-wide consensus but instead local approvals between peers. In order to conduct a transaction on the network users must first verify two pending transactions on the network. Compared to other consensus mechanisms this can lead to faster transactions and lower compute cost for verification. Because IOTA uses a unique network structure and implemented its own custom-built cryptographic functions concerns have been raised around the security of the network. [1] IOTA also focuses on enabling offline transactions as part of the team's efforts to reduce the network's resource requirements relative to other blockchain protocols.



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