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IOTA IOTA |
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$0.3256003 |
-4.08% (24h) |
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Marketcap |
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$1,176,152,811 |
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Volume 24h |
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$50,738,338 |
Description
IOTA (MIOTA) is a cryptocurrency designed for the Internet of Things (IoT), allowing machines to communicate and transact value without fees. Launched in 2016, IOTA uses a unique distributed ledger technology called the Tangle, which differs from traditional blockchain by eliminating miners and enabling feeless microtransactions. IOTA aims to be the backbone of the IoT economy, enabling devices to trade resources like bandwidth, storage, and energy in real-time.