IOTA IOTA
1. Summary
- Price
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$0.30 +9.6%
- Market Cap
- $1.07B (#100)
- Supply
- 3.40B / 4.60B
- Description
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IOTA stands for Internet of Things Application, and it is a cryptocurrency that was created to help solve some of the scalability problems that are present in cryptocurrencies such as Bitcoin and Ethereum for example.
IOTA stands for Internet of Things Application, and it is a cryptocurrency that was created to help solve some of the scalability problems that are present in cryptocurrencies such as Bitcoin and Ethereum for example.
In order for the Internet of Things (IoT) to work within a blockchain, the network needs to be able to handle millions of transactions, and this is why IOTA introduces The Tangle.
IOTA’s distributed ledger is known as The Tangle. It is required to verify transactions; however, it does not require a lot of people who are battling to solve cryptographic puzzles in order to create blocks.
For every transaction to take place, it needs to approve two transactions. This means that dedicated miners are not a requirement in The Tangle, and the more transactions that take place, the quicker it becomes at processing them. Furthermore, it has no transaction fees, and it can be used to process transactions for almost nothing as a result.
The MIOTA Token Explained
The MIOTA token is used to transact value on the IOTA distributed ledger. The platform itself functions as a bridge between IoT devices, and the network can handle data transmission to and from connected devices in the IoT ecosystem. The network itself can also execute complex, multi-device smart contracts directly, and to do this it relies on The Tangle, however, for the Tangle to work, it requires and uses MIOTA.
Features of IOTA
The Tangle is also known as the Directed Acrylic graph and is a technology that aims to retain the blockchain’s ability to secure transactions, by throwing away the notion of blocks.
Transactions are validated by approving two previous transactions, so there are no blocks and no miners. When you send an IOTA transaction, you validate two other transactions, and this allows IOTA to overcome the cost of scalability limitations of blockchain technology. The IOTA network by itself is built for the Internet of Things (IoT) with tamper-proof data, feeless microtransactions as well as low resource requirements.
Founders of IOTA (MIOTA)
Discussing the founders of IOTA, it was founded by Dominik Schiener, David Sonstebo, Serguei Popov, and Sergey Ivancheglo. Ever since its inception, the project evolved, and currently has team members across numerous countries around the globe.
Dominik Schiener and David Sonstebo are the co-chairmen of the board of directors.
Serguei Popov is a board member and fills the role as the director of research, while Sergey Ivancheglo, unfortunately, resigned from the project back in 2019, however carries on as an advisor.
| Price | |
| 52W High price | $0.41 |
| 52W High date | 14th Mar 2024 (9 months ago) |
| All Time High (ATH) Date | 19th Dec 2017 (7 years ago) |
| ATH Price | $5.25 |
| % From ATH | -97.36% |
| All Time Low (ATL) Date | 13th Mar 2020 (4 years ago) |
| ATL Price | $0.08 |
| % From ATL | 69.47% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $63.03M |
| Total Supply | 4.60B |
| Max Supply | 4.60B |
| Circulating Supply | 3.40B |
IOTA
How does IOTA's (IOTA) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-16.6%
IOTA
14.5%
Similar Market Cap
60 Day Return
-23.2%
IOTA
17.4%
Similar Market Cap
1 Year Return
-7.4%
IOTA
684.4%
Similar Market Cap
We're monitoring 260 IOTA GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All IOTA Repos)
Commits vs. The Market
- Past 4 weeks: 727 commits vs. an average of 1
- Past 12 weeks: 1,989 commits vs. an average of 7
- Past year: 4,578 commits vs. an average of 104
Most Active Repos
| Past week | 111 |
|---|---|
| Past 12 weeks | 546 |
| Past year | 1863 |
| Past week | 7 |
|---|---|
| Past 12 weeks | 74 |
| Past year | 1086 |
| Past week | 26 |
|---|---|
| Past 12 weeks | 76 |
| Past year | 904 |
| Past week | 1 |
|---|---|
| Past 12 weeks | 216 |
| Past year | 866 |
| Past week | 76 |
|---|---|
| Past 12 weeks | 241 |
| Past year | 684 |
| Past week | 7 |
|---|---|
| Past 12 weeks | 13 |
| Past year | 682 |
Top Developers 2024
In total, 1137 developers have contributed to IOTA over the past year. Who are the most active IOTA developers, by commits, over the past year?
Related Projects
Developers working on IOTA also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 145,123 |
|---|---|
| Active Reddit Users (past 24h) | 66 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 6,739 |
| Twitter followers | 269,925 |
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govern.iota.org/t/igp-0007-iota-growth-initiative/1780 Official
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blog.iota.org/iota-rebased-welcomed-by-community/ Official
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blog.iota.org/iota-rebased-welcomed-by-community/ Official
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blog.iota.org/iota-rebased-validators2/ Official
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blog.iota.org/iota-rebased-validators2/ Official
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cryptoslate.com/press-releases/bydfi-teams-up-with-partners-iota-and-travala-to-explore-we...
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cryptoslate.com/press-releases/bydfi-teams-up-with-partners-iota-and-travala-to-explore-we...
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cryptoslate.com/press-releases/bydfi-teams-up-with-partners-iota-and-travala-to-explore-we...
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docs.iota.org/about-iota/ Official
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docs.iota.org/about-iota/ Official
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docs.iota.org/about-iota/ Official
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docs.iota.org/about-iota/ Official
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docs.iota.org/about-iota/ Official
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docs.iota.org/operator/validator-operation/validator-tasks Official
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docs.iota.org/operator/validator-operation/validator-tasks Official
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docs.iota.org/operator/validator-operation/validator-tasks Official
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docs.iota.org/operator/validator-operation/validator-tasks Official
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docs.iota.org/operator/validator-operation/validator-tasks Official
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explorer.rebased.iota.org/?ref=blog.iota.org Official
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explorer.rebased.iota.org/?ref=blog.iota.org Official
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explorer.rebased.iota.org/?ref=blog.iota.org Official
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explorer.rebased.iota.org/?ref=blog.iota.org Official
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explorer.rebased.iota.org/?ref=blog.iota.org Official
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docs.iota.org/iota-identity/ Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | http://iota.org/ |
|---|---|
| Explorer | https://thetangle.org/ |
| @iota | |
| /r/Iota | |
| Whitepaper | https://assets.ctfassets.net/r1dr6vzfxhev/2t4uxvsIqk0EUau6g2sw0g/45eae33637ca92f85dd9f4a3a218e1ec/iota1_4_3.pdf |
Has IOTA been audited for security?
No security audits found for this project.
Are you the owner of IOTA? Edit it here
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