Question 1

What is IOTA?

Accepted Answer

IOTA is a distributed ledger technology, a DLT. With the right approach, DLTs let us control our own private data, run programs that nobody can meddle with, and trade and own assets without intermediaries.

As in the name, a distributed ledger technology maintains a ledger — a tally of token ownership — between multiple nodes. That would be trivial if all nodes were controlled by the same entity, but in DLTs the ledger state has to be agreed on by a collective of independent nodes. There is always a chance that a malicious node joins the network, so any DLT needs a way to protect itself. The way that IOTA takes makes it differ from other protocols.

IOTA runs on the Tangle, a structure where newer transactions verify the older ones, and pretty much any other DLT runs on a blockchain instead. To secure its state and history, a blockchain must collect transactions in blocks and chain the blocks one after another. That leads to a natural bottleneck: imagine loading the world's cargo into a single train wagon by wagon. IOTA bypasses it altogether.

The IOTA protocol is still in research. It has two public networks: the IOTA mainnet is the stable network that manages your IOTA tokens, and Shimmer is the staging network for the latest and greatest protocol updates. When the changes are proven on Shimmer, they come to the mainnet. The next big update is Stardust. The future update that concludes the decentralization effort is called Coordicide.

Question 2

Who created IOTA?

Accepted Answer

IOTA was founded in 2015 by four co-founders: Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener. Since its inception, the IOTA Foundation has grown to encompass team members from more than 25 countries.

Sønstebø and Schiener currently serve as co-chairmen of the board of directors, while Popov is a board member and the foundation’s director of research. Ivancheglo resigned from the Berlin-based project in June 2019, but continues to provide advice as an unofficial advisor. In his statement, Ivancheglo noted: “I no longer believe that the IOTA Foundation is the best setting for me to realize what we set out to create back in 2014 and 2015. I have always done my best work in a less rigid environment. I am looking forward to continuing the work on both hardware and software development of IOTA independently.”

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	MIOTA-USDT IOTAUSDT	binance	AA	0.04720USDT	1.94%	21,375,106.00MIOTA	7,406	0.04630USDT	0.04810USDT
2	MIOTA-USDT IOTA-USDT	okex	A	0.04724USDT	2.05%	9,266,066.96MIOTA	5,004	0.04629USDT	0.04810USDT
3	MIOTA-USDC IOTAUSDC	binance	AA	0.04720USDC	2.16%	3,418,829.00MIOTA	641	0.04620USDC	0.04790USDC
4	MIOTA-USDT IOTA_USDT	gateio	A	0.04721USDT	2.01%	2,780,343.00MIOTA	2,648	0.04628USDT	0.04803USDT
5	MIOTA-TRY IOTATRY	binance	AA	2.34TRY	2.01%	1,916,543.00MIOTA	583	2.29TRY	2.37TRY
6	MIOTA-USD IOTUSD	bitfinex	BB	0.04720USD	2.11%	970,580.28MIOTA	258	0.04622USD	0.04800USD
7	MIOTA-USDT IOTA-USDT	kucoin	BB	0.04720USDT	2.16%	500,068.73MIOTA	560	0.04620USDT	0.04820USDT
8	MIOTA-USDC IOTA-USDC	okex	A	0.04700USDC	1.73%	103,823.22MIOTA	151	0.04620USDC	0.04798USDC
9	MIOTA-EUR IOTA-EUR	okex	A	0.04220EUR	4.69%	22,472.86MIOTA	15	0.04031EUR	0.04220EUR
10	MIOTA-USDT IOTAUSDT	cexio	BB	0.04677USDT	4.88%	14,863.85MIOTA	4	0.04459USDT	0.04689USDT
11	MIOTA-BTC IOTA_BTC	gateio	A	0.0₆5667BTC	2.07%	2,963.20MIOTA	7	0.0₆5552BTC	0.0₆5689BTC
12	MIOTA-USD IOTAUSD	cexio	BB	0.04647USD	2.58%	529.74MIOTA	1	0.04530USD	0.04647USD
13	MIOTA-USDC IOTAUSDC	cexio	BB	0.04686USDC	3.80%	412.02MIOTA	1	0.04515USDC	0.04686USDC
14	MIOTA-EUR IOTAEUR	cexio	BB	0.04176EUR	1.70%	323.73MIOTA	1	0.04106EUR	0.04176EUR
15	MIOTA-BTC IOTA-BTC	kucoin	BB	0.0₆5640BTC	0.53%	769.09MIOTA	23	0.0₆5610BTC	0.0₆5700BTC
16	MIOTA-KRW KRW-IOTA	upbit	B	62.90KRW	1.78%	6,790,557.74MIOTA	1,221	61.80KRW	64.00KRW
17	MIOTA-USDT iota_usdt	lbank	C	0.04713USDT	1.77%	4,960,633.00MIOTA	3,304	0.04631USDT	0.04807USDT
18	MIOTA-USDT IOTA_USDT	bydfi	-	0.04700USDT	1.51%	4,619,101.00MIOTA	1,904	0.04630USDT	0.04800USDT
19	MIOTA-USDT iota_usdt	xtpub	-	0.04720USDT	1.94%	4,274,006.00MIOTA	1,824	0.04630USDT	0.04810USDT
20	MIOTA-USDT IOTA_USDT	bitunix	C	0.04710USDT	1.73%	2,200,044.00MIOTA	6,825	0.04630USDT	0.04810USDT
21	MIOTA-USDT IOTAUSDT	bitrue	D	0.04710USDT	1.73%	1,825,593.47MIOTA	2,242	0.04630USDT	0.04810USDT
22	MIOTA-USDT IOTAUSDT	mexc	C	0.04727USDT	2.12%	1,493,402.82MIOTA	3,150	0.04629USDT	0.04807USDT
23	MIOTA-USDT IOTA-USDT	bingx	D	0.04720USDT	2.39%	1,463,645.07MIOTA	8,468	0.04610USDT	0.04800USDT
24	MIOTA-USDC IOTAUSDC	mexc	C	0.04713USDC	2.12%	1,208,748.06MIOTA	3,028	0.04615USDC	0.04811USDC
25	MIOTA-USDT IOTAUSDT	hitbtc	E	0.04725USDT	2.17%	1,071,856.60MIOTA	1,031	0.04624USDT	0.04808USDT
26	MIOTA-EUR MIOTA-EUR	bitvavo	B	0.04201EUR	2.47%	879,738.33MIOTA	136	0.04100EUR	0.04267EUR
27	MIOTA-USDT iotausdt	huobipro	C	0.04700USDT	2.17%	467,924.88MIOTA	388	0.04600USDT	0.04800USDT
28	MIOTA-KRW IOTA_KRW	bithumbkorea	-	62.27KRW	1.91%	334,986.38MIOTA	211	61.10KRW	63.20KRW
29	MIOTA-USDT iota_usdt	digifinex	D	0.04730USDT	2.38%	191,807.00MIOTA	3,428	0.04620USDT	0.04810USDT
30	MIOTA-USDT IOTAUSDT	binanceusa	B	0.04760USDT	3.93%	45,809.00MIOTA	19	0.04580USDT	0.04790USDT
31	MIOTA-USDT IOTAUSDT	latoken	D	0.04753USDT	4.67%	19,485.20MIOTA	116	0.04541USDT	0.04792USDT
32	MIOTA-IDR iotaidr	indodax	E	848.00IDR	3.29%	15,675.96MIOTA	44	821.00IDR	856.00IDR
33	MIOTA-KRW IOTA_KRW	coinone	C	63.00KRW	2.44%	4,520.17MIOTA	19	61.50KRW	63.80KRW
34	MIOTA-XRP IOTAXRP	bitrue	D	0.005700XRP	0.00%	0MIOTA	0	0.005700XRP	0.005700XRP
35	MIOTA-USD IOTAUSD	binanceusa	B	0.04480USD	0.00%	0MIOTA	0	0.04480USD	0.04480USD
36	MIOTA-BTC IOTABTC	coinex	C	0.0₆6432BTC	0.00%	0MIOTA	0	0.0₆6432BTC	0.0₆6432BTC
37	MIOTA-BTC IOTABTC	hitbtc	E	0.0₆5760BTC	0.00%	0MIOTA	0	0.0₆5760BTC	0.0₆5760BTC