IOTA's price today is $0.27 USD, with a 24-hour trading volume of $11,099,600 USD. MIOTA
is up 1.29% in the last 24 hours. IOTA is currently ranked #104 with a
market capitalization of $862,584,568 USD.
IOTA is a specially designed cryptocurrency meant to facilitate the internet of things (IoT)-the machine economy of the future. Unlike Bitcoin and other blockchain based cryptocurrencies it uses a blockless and chainless system called the Tangle based on Directed Acyclic Graph (DAG) encryption technology.
As such, IOTA cannot be mined but the coin itself is infinitely scalable and fast. Transacting on this network is free and all senders have to verify two previous transactions before their transfer goes through. This therefore means their proof of work is distributed to all participants.
The Tangle is what makes IOTA operate and it is fully decentralized since there are no miners who are the pulse of the network rather all transacting individuals are facilitators. This results in a quantum immune network where transactions are fast, real time and free.
Founder: David Sønstebø, Dominik Schiener, Dr. Serguei Popov and Sergey Ivancheglo. Release Date: June 16, 2016
What type of cryptocurrency is IOTA?
The MIOTA token on the IOTA network is classified as a type of Currency.
What is IOTA All-Time High price (ATH)?
On December 19th, 2017 12:00:00 AM, IOTA hit a historic high of $5.25 USD.
It has been about 6 years ago since IOTA reached its peak.
What is IOTA All-Time Low price (ATL)?
On March 13th, 2020 02:22:41 AM, IOTA reached a bottoming price of $0.0816370000 USD.
About 3 years ago has passed IOTA has seen such a low price.