IOTA Price today
IOTA, also known as IOT, has a price today of 0,42$ and a market capitalization of 1.172.961.792$, which is 0,57% of the total. IOTA has a total of 2.779.530.240 coins in circulation.
In the last 24 hours, the price of IOTA has decreased -0,06$, which is -12,14% of its valuation.
What is IOTA?
IOTA isn’t like most other cryptocurrencies. This cryptocurrency was made just to surpass all other digital currencies in their security levels.
With this, a user can share any kind of data or sell any items online without security concerns. The basic is Tangle which enables the users to get rid of the extra time for mining process to collect coins like bitcoins.
The best part is that if one needs to transact any funds, they won’t have to pay any fees in the process. Every transaction made in the network helps in future transaction eliminating all kinds of fees.
The IOTA uses a different medium for every transaction. The method is quite easy. Every user has to choose any two random transactions and check their validity. If they check out then they have to integrate their new transaction with it and then initiate the process.
This process is much faster and secure. The system never fails and is immune to any third party interactions. Moreover, it’s extremely cheap.
The price keeps changing according to other aspects. IOTA is gaining popularity by the day for its cheap price and free transaction fees.
- It’s highly scalable and can initiate transactions parallel, unlike other systems.
- IOTA offers a more decentralized method, it even excels blockchain.
- It doesn't require any amount of transaction fees which makes it the primary choice for any online banking system.
- It’s immune to any security risks. Breaking through its security network is close to impossible.
For working with decentralized apps every cryptocurrency needs blockchain as their base. But IOTA uses a different approach named Tangle. It’s also a ledger system that logs every transaction made.
Tangle is much faster and secure than blockchain. No one can initiate a transaction unless the two chosen previous transactions don't have valid Proof of Work.Visit website open_in_new
|Price in BTC||0.00006922 BTC|
|Current Supply||2.779.530.240 IOT|
|Total Supply||2.147.483.648 IOT|
|24h Volume (coin)||33.233.900 IOT|
|24h Volume (currency)||$14.219.844|
|Last updated||2018-08-14 20:21:17 +01:00 BST|
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