IOTA Profile (MIOTA)

Rating: Good

Balanced Small Cap

Project Safety Score

Fri, Mar 29, 2024 12:00 AM

	Market Cap	$505,443,545.67
	Market Dominance	0.0425
	24hr Volume	$4,590,936.02
	Price	$0.1818

69%

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Project Details
Project Statement
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Name

IOTA

Type

coin

Technology

3^rdgen tangle

IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).

3.2/5

(31 reviews)

Ratings and reviews left by our members do not impact the profile score.

Dionis 2 years ago

IF IOTA delivers, other coins will become obsolete.

0 0

Ricard Royo 2 years ago

The official Twitter account of the IOTA Foundation is https://twitter.com/iota now. Also the main github repos listed in this page are not the more important ones now. Please update the info.

0 0

rnmkds 2 years ago

IOTA is a huge project. Do your own Research and check all the coorperations with big companies, universities and governments!

0 0

Raf 2 years ago

Great project, soon to become an iot standard

0 0

Xes 2 years ago

IOTA has the biggest potential to combine IoT with DLT and actually be able to transform the whole industry to create "Industry 4.0 ", which means machine to machine payments, supply tracking, zero-fee smart contracts and so much more. With alvarium (Intel + Dell) data will also be confirmed as legit at the edge, which is also a big important factor for IoT. People saying that IOTA is a scam or that "nano is better" simply have no clue. IOTA offers so much, you just have to dig in and inform yourself and do your own research about this gem. It does everything that NANO can and even more than that.

0 0

D 2 years ago

IOTA is the unicorn under the cryptospace

0 0

MiMa 2 years ago

Amazing

0 0

NANO 2 years ago

IOTA is full of scam. Choose NANO.

0 0

lol 2 years ago

IOTA is a NANO rip off. Buy NANO instead of IOTA...

0 0

Redemption 3 years ago

IOTA is a scam! Nano is the way to go!

0 0

Showing records 21 - 30 of 31 ratings

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3.19/5

(31 reviews)

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