IOTAMIOTA

MIOTA is the native token of the IOTA platform. Those who own MIOTA tokens have guaranteed access to a portion of the network’s resources, regardless of its value in fiat or other cryptocurrencies. MIOTA tokens cannot be mined and all of them are in circulation. However, as the supply remains limited, every use case will reduce the supply of tokens, which in theory should increase the token price assuming demand stays the same or increases.

Price History
$0.00
Vol0.00MIOTA
1D
1W
1M
1Y
MAX
Market Info
Market Cap
$817,181,903
Diluted Market Cap
$817,181,903
Vol 24h
$324,125
Vol / Market Cap
0.0004
24h Change
-2.03%
1h Change
0.31%
24h High
$0.31
24h Low
$0.29
Latest Block
-
Block Reward
-
Hashes Per Second
-
Circulating Supply
2,779,530,283
Max Supply
2,779,530,283
Consensus
Proof of Work
Algorithm
-
Genesis Block Date
2016-07-17
Data provided by CryptoCompare
About

A brief history
IOTA was co-founded by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo in 2015. The goal of the IOTA platform is to create a specialized peer-to-peer distributed ledger which aims to enable the mass microtransactions needed to democratize and power the Internet of Things (IoT). Achieving this goal would enable devices to exchange data and values immutable and free of charge. The main innovation of the IOTA platform is its distributed ledger called the “Tangle” (a Decentralized Acyclic Graph (DAG) or network of non-sequential nodes). Like Bitcoin, the Tangle verifies transactions, however, the Tangle differs in that it doesn't require lots of people trying to solve a cryptic puzzle to create a block. Instead, it requires new transactions to process two other transactions before their approval on the network. Thus, any device can perform these transactions as the proof of work needed for the transaction is very low in power- eliminating the need for miners and transaction fees. All tokens were issued at the end of 2015 at the Crowdsale and are in circulation, with around 2.78B MIOTA to date ($2,498,907,323 USD).

MIOTA in practice
In IOTA, since there are no miners or stakers who can charge a fee for processing transactions, the main value of the IOTA token comes from its guarantee of access to a portion of the network’s resources. To ensure transactions remain free, permission-less, and decentralized, there is a scarce resource called Mana. Mana is a tool used for various tasks in the network and can be thought of as a parallel reputation token to the IOTA token. Mana is pledged to the executing node proportional to the amount of IOTA in the transaction. The purpose of Mana is to give the nodes participating in the network a reputation, and in times of high volumes of transactions, nodes with more Mana are prioritized. Mana can also be acquired by renting from other token holders. Rental payments can be paid with IOTA tokens or cash.

Project Links
Website
Iota.org
Documents
Whitepaper
Please verify all project links, data may change over time. Be vigilant of scams interpreting official projects.
ROI
USD
ETH
BTC
6H
0.00%
0.00%
0.00%
1D
-0.24%
0.05%
0.07%
1W
8.11%
7.50%
8.18%
1M
2.15%
16.76%
4.61%
6M
-66.94%
-14.65%
-21.76%
1Y
-71.68%
-39.21%
-39.38%
3Y
10.96%
-84.99%
-52.47%
5Y
-52.68%
-89.25%
-89.29%
USD
MIOTA

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