IOTA

IOTA
Price
$0.843993
24 Hour % Change
5.71%
Market Cap
$2.35B
Volume (24h)
$50.87M
Linear
Log
to
1h12h1d1w1m3m1yall
Key metrics
24 Hour Low
$0.787890
24 Hour High
$0.860333
Net change
$0.045624
24 Hour Open
$0.799501
All time high
$5.25
Total Supply
2.78B
Returns (24H)
5.71%
Returns (YTD)
186.52%
Volatility (30d)
1.08
Transaction Count (24h)
n/a
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
n/a

About IOTA

Category
Application token
Value proposition
Software platform

IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.


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Disclaimer

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Foundations - Consensus: Distributed