IOTA

IOTA
Price
$2.07
24 Hour % Change
-7.83%
Market Cap
$5.74B
Volume (24h)
$253.38M
Linear
Log
to
1h12h1d1w1m3m1yall
Key metrics
24 Hour Low
$1.00
24 Hour High
$2.28
Net change
$-0.176472
24 Hour Open
$2.25
All time high
$5.25
Total Supply
2.78B
Returns (24H)
-7.83%
Returns (YTD)
610.04%
Volatility (30d)
1.20
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.


Blockchain 101
Disclaimer

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Foundations - Consensus: Distributed