Introduction
Today, the price of IOTA stands at $0.1564**, with a 24-hour trading volume of **$14.07 million. Over the past 24 hours, IOTA has shown 0.00% price movement. The circulating supply of IOTA is 3.87 billion tokens.
What Is IOTA?
IOTA is a cryptocurrency designed to facilitate microtransactions and data integrity for Internet of Things (IoT) devices. Unlike traditional blockchains, IOTA uses Tangle—a quantum-proof Directed Acyclic Graph (DAG). Key advantages of Tangle include:
- Zero transaction fees
- Unlimited scalability (no predefined throughput cap)
- Energy-efficient validation (no miners required)
👉 Explore how IOTA compares to other cryptocurrencies
Brief History of IOTA
Founded by Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener, IOTA traces its roots to the Jinn project (2014), which aimed to create ternary-based microprocessors for IoT devices. Key milestones:
- 2015: Transitioned from JINN profit-sharing tokens to IOTA utility tokens via a crowdsale (1,337 BTC raised).
- 2017: 5% of funds donated to the IOTA Foundation to support ecosystem development.
- Supply adjustment: Initial 999M tokens reduced to 2.78B for improved microtransaction suitability.
How Does IOTA Work?
IOTA’s Tangle ledger replaces blockchain with a DAG structure, requiring nodes to validate two prior transactions before submitting new ones. Features:
| Component | Description |
|---|---|
| NIOTA | 1 NIOTA = 1M IOTA (used for smaller denominations). |
| Consensus | Currently centralized via a single coordinator node (transitioning to decentralization). |
| Use Case | Machine-to-machine (M2M) payments, IoT data integrity. |
Applications of IOTA
IOTA serves as a permissionless backbone for IoT ecosystems, enabling:
- Microtransaction payments between connected devices.
- Data integrity solutions for industries like supply chain and healthcare.
Scalability advantages over traditional blockchains, including:
- No miner centralization.
- Faster throughput as the network grows.
👉 Discover real-world IOTA adoption cases
FAQ
1. Is IOTA a blockchain?
No—it uses Tangle, a DAG-based ledger optimized for IoT scalability.
2. What’s the max supply of IOTA?
Total supply is fixed at 2.78 billion tokens.
3. Why does IOTA have zero fees?
Tangle’s design eliminates miners, allowing feeless transactions.
4. How is IOTA different from Bitcoin?
Bitcoin uses PoW; IOTA uses Tangle for energy efficiency and IoT focus.
5. Can IOTA scale globally?
Yes—Tangle’s throughput increases with network activity.
6. Who governs the IOTA network?
The IOTA Foundation oversees protocol upgrades and ecosystem growth.
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