IOTA, leveraging Tangle, a DAG structure, enables feeless and scalable transactions for IoT advancements. More
| Fully Diluted Valuation | $953.18M |
|---|---|
| 24H Trading Volume | $21.55M |
| 24H Low / High | $0.20 / $ 0.21 |
| Circulating Supply | 3.95 B |
| Total Supply | 4.67 B |
| Max Supply | 0.00 |
| Categories | Smart Contract Platform 6 more |
|---|---|
| Founder | Sergey Ivancheglo 3 more |
| Website | iota.org |
| Socials | 16 more |
| Chains | IOTA Ecosystem |
| Explorer | Iota |
| Name | Pair | OG Score |
|---|
IOTA, introduced by Dapper Labs in 2020, has revolutionized the landscape by offering a fast, decentralized, and developer-friendly platform tailored for the next wave of digital evolution— the Internet of Everything. Co-founded by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo in 2015, its primary goal is to democratize and power the Internet of Things (IoT).
Distinct from traditional blockchains, IOTA utilizes an innovative structure called Tangle, a Directed Acyclic Graph (DAG), enabling transaction validation without blocks or miners. Transactions in the IOTA network must validate two previous transactions through a minimal proof-of-work, facilitating rapid transaction processing as the network scales. This unique approach fosters efficiency, scalability, and eliminates transaction fees, making it ideal for the growing IoT ecosystem.
With Tangle, IOTA significantly enhances transaction speeds and efficiency compared to conventional blockchains. The absence of miners allows for seamless and feeless transactions, irrespective of the transaction size, resolving scalability concerns commonly faced by other blockchain networks during congestion.
Moreover, IOTA pioneers the future of economic relationships between machines and humans, propelling the Internet of Things to unprecedented heights. Notably, IOTA's Tangle operates without blocks or miners, utilizing a novel approach where each transaction validates two prior transactions, ensuring cost-effective and scalable transactions. This innovation positions IOTA to be a key player in the forthcoming industrial revolution, bridging the human and machine economies.
IOTA distinguishes itself by its unique Tangle structure, its DAG-based architecture, and its focus on enabling feeless, scalable, and efficient transactions within the Internet of Things ecosystem. The absence of blocks or miners, coupled with the validation mechanism, distinguishes IOTA from traditional blockchain platforms, offering an innovative solution for seamless and scalable transactions within the growing IoT landscape.
IOTA stands out due to its Tangle structure—a Directed Acyclic Graph (DAG)—eliminating blocks and miners, enabling feeless, scalable, and efficient transactions ideal for the Internet of Things.
IOTA was co-founded in 2015 by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo.
Key backers and investors supporting IOTA's development and growth are various venture capital firms, corporate partners, and the IOTA Foundation.
IOTA employs a unique consensus mechanism through Tangle, where transactions validate two prior transactions using minimal proof-of-work, enhancing scalability and efficiency.
You can buy IOTA (IOTA) on Binance, Gate.ioOKXMEXCHTX cryptocurrency exchanges.
