IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT).
IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).
Where is IOTA available for purchase?
You can exchange IOTA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading IOTA is HTX, notably the IOTA/USDT pair, which saw a trading volume of $ 5,61 MLN. in the past day. Additionally, Binance and Upbit are popular alternatives for trading tokens.
What is the highest value IOTA (IOTA) has ever reached?
IOTA (IOTA) reached its peak price at 5.25 $ on 19 December 2017, approximately 8 years ago ago. Presently, the current price is -96.11% lower than this all-time high.
What is the historical minimum price for IOTA (IOTA)?
The minimum price reached for IOTA (IOTA) was 0.08163 $, documented on 13 March 2020, more than 5 years ago. In comparison, the current price is 149.89%, it above this historical low.
What is the fully diluted valuation of IOTA (IOTA)?
The fully diluted valuation (FDV) of IOTA (IOTA) stands at $ 1,00 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of IOTA tokens. The realization of this FDV might take several years depending on the emission schedule of IOTA tokens.