IOTA
IOTA Rank 166 Rank 166
$0.069050 (-1.55%)

IOTA IOTA price:

$0.069050 (-1.55%)
1h+0.14%
24h-1.55%
Week+6.55%
Month-17.71%
Year-69.00%
ETH 0.000035 (-1.88%)
BTC 0.00000102 (-0.91%)
$0.068371 24h Range $0.070463
The live IOTA price today is $0.069050, with a 24-hour trading volume of $5,085,138.49. IOTA has changed -1.55% in the last 24 hours.

IOTA (IOTA) Metrics

Basic info
Website
Source code
Asset type
Explorers
Market Cap Rank 166
$252,067,644.00 BTC 3,729.00
All Time High
$5.69 19 Dec 17 % to ATH (8,136.01%)
Volume (24h) Rank 373
$5,085,138.49 BTC 75.22
Circulating Supply
Update supply form
3,650,535,129 Total:3,650,535,129 Max: 2,779,530,283

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IOTA (IOTA)

What is IOTA?

IOTA (IOTA) is a distributed ledger technology project launched in 2015 by the IOTA Foundation. It was designed to enable secure sales and trading of data streams and facilitate transactions within the Internet of Things (IoT) ecosystem. Unlike traditional blockchain systems, IOTA operates on a unique data structure called the Tangle, which is a directed acyclic graph (DAG). This design allows for feeless transactions and high scalability, addressing some limitations of conventional blockchains. The native token, IOTA, is primarily used to facilitate transactions within this network. IOTA's distinctive architecture eliminates the need for miners, reducing costs and energy consumption, which is significant for IoT devices that require lightweight, efficient transaction processing. The project's innovative approach to distributed ledger technology positions it as a notable solution for IoT applications, focusing on seamless machine-to-machine communication and data integrity.

When and how did IOTA start?

IOTA originated in October 2015 when its founders, David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov, released the project's whitepaper. The project introduced an innovative distributed ledger technology known as the Tangle, which differs from traditional blockchain architectures. IOTA's mainnet was launched in July 2016, marking its initial public availability. The early development of IOTA focused on creating a scalable and feeless transaction system suitable for the Internet of Things (IoT). The initial distribution of IOTA tokens occurred through a crowdsale conducted in late 2015, which helped fund the project's development. These foundational steps established the groundwork for IOTA's subsequent growth and the development of its ecosystem.

What’s coming up for IOTA?

According to official updates, IOTA is preparing for the rollout of its Shimmer network, which is expected to enhance the mainnet with new features and serve as a testbed for upcoming technologies. This initiative is targeted for release in the near term. Additionally, IOTA is focusing on the introduction of smart contracts, which are aimed at expanding the utility and functionality of the network. These developments are part of IOTA's broader strategy to improve scalability, interoperability, and usability. Progress on these milestones is tracked through their official development repositories and regular updates on their blog. These efforts are designed to strengthen IOTA's position in the market by providing more robust and versatile solutions for its users.

What makes IOTA stand out?

IOTA distinguishes itself through its unique Tangle architecture, which is a Directed Acyclic Graph (DAG) rather than a traditional blockchain. This design enables high scalability and feeless transactions, making it particularly suitable for the Internet of Things (IoT) applications. IOTA's architecture allows for asynchronous consensus, which can enhance throughput and reduce latency compared to conventional blockchain systems. Additionally, IOTA's ecosystem includes partnerships with notable organizations across various industries, contributing to its relevance and application in real-world scenarios. The project actively supports interoperability through initiatives like the IOTA Identity framework and collaborates with other blockchain networks to expand its utility. These features make IOTA stand out as a versatile platform for data integrity and machine-to-machine communication in the evolving digital landscape.

What can you do with IOTA?

The IOTA token is primarily used for facilitating feeless transactions, enabling users to send value across the IOTA network efficiently. It is designed to support the Internet of Things (IoT) by allowing machines to communicate and transact with each other. Developers can utilize IOTA to build decentralized applications (dApps) and integrations that leverage its unique Tangle technology, which offers scalability and no transaction fees. The ecosystem includes various tools and resources such as wallets and developer kits, aiding in the creation and management of IOTA-based applications. Additionally, IOTA's structure supports use cases in data integrity and secure data transfer, making it suitable for industries like supply chain management and smart cities.

Is IOTA still active or relevant?

IOTA remains active with ongoing development and community engagement. As of 2023, the IOTA Foundation has been focusing on significant updates, such as the launch of IOTA 2.0, which aims to enhance scalability and decentralization. Recent announcements have highlighted improvements in their Tangle technology, which is central to IOTA's unique approach to distributed ledgers. The project continues to maintain relevance through partnerships and integrations across various sectors, including the Internet of Things (IoT) and smart cities. IOTA's presence is still evident in multiple trading venues, reflecting sustained market interest. The foundation actively engages its community through regular updates on its official blog and GitHub, where ongoing development activities are visible. These factors indicate that IOTA remains a relevant player in the blockchain and IoT ecosystems, with a focus on innovation and practical applications in emerging technologies.

Who is IOTA designed for?

IOTA is designed primarily for developers and enterprises, enabling them to leverage its unique distributed ledger technology for secure and scalable data and value transfer. It provides tools and resources such as the IOTA SDKs and APIs to facilitate the development of applications that can operate seamlessly within the Internet of Things (IoT) ecosystem. This allows developers to create solutions that enhance machine-to-machine communication and data integrity without traditional transaction fees. Secondary participants include institutions and innovators who can utilize IOTA for integrating IoT-based applications into their operations, fostering a more interconnected and automated system. These participants engage with the ecosystem through various roles, such as deploying nodes and contributing to the network's security and efficiency, thereby driving the adoption of decentralized technologies in industrial and consumer applications.

How is IOTA secured?

IOTA secures its network using a unique consensus mechanism called the Tangle, which is a Directed Acyclic Graph (DAG) rather than a traditional blockchain. In this system, each transaction validates two previous transactions, creating a web of interlinked transactions. This structure eliminates the need for miners and enables feeless transactions. The consensus is achieved through a process known as "weighted random walk," where the cumulative weight of a transaction, determined by the number of subsequent validations, contributes to its confirmation. IOTA employs cryptographic techniques such as Winternitz One-Time Signatures for transaction security and integrity. While there are no direct financial incentives like staking or mining rewards, the system relies on the intrinsic motivation of participants to maintain network security and efficiency. IOTA has undergone security audits and maintains an active bug bounty program to identify and mitigate vulnerabilities, enhancing the network's resilience against potential threats.

Has IOTA faced any controversy or risks?

IOTA has faced several controversies and risks, particularly technical and community-related. In February 2020, a significant security incident involved the Trinity Wallet, where a vulnerability was exploited, leading to the theft of user funds. The IOTA Foundation temporarily halted the Coordinator, a central node in its network, to prevent further losses. The issue was addressed with a security patch and an extensive audit, and affected users were reimbursed. Another risk factor for IOTA is its unique Tangle architecture, which, while innovative, has faced scrutiny regarding its scalability and decentralization claims. The project has been working towards removing the Coordinator to enhance decentralization, a process known as Coordicide. Community disputes have also arisen, particularly around governance and the project's direction. The IOTA Foundation has been taking steps to improve transparency and community engagement to mitigate these issues. Ongoing risks for IOTA include technical challenges and market volatility, which the project addresses through continuous development, audits, and community updates.

IOTA (IOTA) FAQ – Key Metrics & Market Insights

Where can I buy IOTA (IOTA)?

IOTA (IOTA) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the IOTA/USDT trading pair recorded a 24-hour volume of over $3 649 445.78. Other exchanges include Binance and Binance.

What's the current daily trading volume of IOTA?

As of the last 24 hours, IOTA's trading volume stands at $5,085,138.49 , showing a 3.17% increase compared to the previous day. This suggests a short-term increase in trading activity.

What's IOTA's price range history?

All-Time High (ATH): $5.69
All-Time Low (ATL): $0.062998

IOTA is currently trading ~98.79% below its ATH .

What's IOTA's current market capitalization?

IOTA's market cap is approximately $252 067 644.00, ranking it #166 globally by market size. This figure is calculated based on its circulating supply of 3 650 535 129 IOTA tokens.

How is IOTA performing compared to the broader crypto market?

Over the past 7 days, IOTA has gained 6.55%, outperforming the overall crypto market which posted a 0.34% decline. This indicates strong performance in IOTA's price action relative to the broader market momentum.

News All News

Education All Education

IOTA Basics

WhitepaperIOTA WhitepaperOpen
Development status Beta version
Org. Structure Semi-centralized
Open SourceYes
Consensus Mechanism Tangle
Algorithm Kerl
Hardware wallet Yes
Started 1 July 2017
over 8 years ago
Website
Source code
Asset typeCoin
Explorers (2)
Tags
  • Feeless (6)
  • Cryptocurrency (1281)
  • Internet Of Things (34)
  • Direct Acyclic Graph (9)
  • DePIN (125)
  • High Transaction Speed (TPS) (22)
Blog
Facebook
Forum
Reddit

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IOTA Team

Name
Position
Other
Serguei Popov
Research Mathematician & Founder
David Sønstebø
CO-Chairman & Founder
-
Sergey Ivancheglo
Honorary Member & Founder
-
Dominik Schiener
CO-Chairman & Founder
-
Chris Dukakis
Software Engineer
-
Lewis Freiberg
Head of ecosystem
-
Sabri Goldberg
Creative Director
-
Bartosz Kuśmierz
Research Scientist
arxiv.org
Paulo Finardi
Research Scientist
Olivia Saa
Research Mathematician
Vassil Dimitrov
Senior Research Scientist
-
Alon Elmaliah
Staff Research Engineer
-
Alexander Renz
Smart Mobility & Transportation Advisor
-
Julie Maupin
Head of Social Impact & Pub. Reg. Affairs
Wilfried Pimenta de Miranda
Head of Business Development
angel.co
Dr. Navin Ramachandran
E-health Stream Lead
Samuel Reid
Q Architect
-
Ralf Rottmann
Member board of directors
-
Johann Jungwirth
Supervisory Board
-
Richard Soley
Chairman and CEO of OMG
-
Rolf Werner
Head of Central Europe of FUJITSU
-
Alon Gal
Head of Research
-
Edward Greve
Head of Engineering
-
John Licciardello
Managing Director, Ecosystem Dev. Fund
-
Darcy Camargo
Research Mathematician
Jakub Cech
Product Owner
-
Dyrell Chapman
Software Engineer
-
Paul Douglas
Senior Software Engineer
-
Andrew Greve
Online Community Liason
Eric Hop
Senior Product Owner
-
Alisa Maas
Mobility & Automotive Stream Lead
-
Giorgio E. Mandolfo
Sysops Engineer
-
Emmanuel Merali
Staff Software Engineer
-
Jens Munch Lund-Nielsen
Global Trade & Supply Chains Stream Lead
-
Andreas Osowski
Senior Software Engineer
-
Jan Pauseback
Technical Analyst
-
Gal Rogozinski
Software Engineer
-
Tsvi Sabo
Software Engineer
-
Clara Shikhelman
Research Mathematician
Alexey Sobolev
Frontend Developer
-
Charlie Varley
Software Engineer
-
Andrea Villa
Senior Research Engineer, Security Specialist
-
Harm van den Brink
Energy & E-Mobility Advisor
-
Regine H. Helmer
Digital Transformation & Business Dev. Advisor
-
Gur Huberman
Finance & Economics Advisor
Hongquan Jiang
Technology Industry Advisor
-
Koen Maris
Cyber Security Advisor
-
Madjid Nakhjiri
Public Key Infrastructure Adivor
Michael Nilles
Smart Cities & Infrastructure Advisor
-
Jochen Renz
Smart Mobility & Transportation Advisor
-
Joachim Taiber
Smart Mobility Advisor
Anes Hodžić
Digital Transformation & Internet of Things Advisor
-
Aaron Alsop
Product Owner
-
陳志誠 (Sam Chen)
Senior Software Engineer
-
Dave de Fijter
Online Community Liason
-
Rihards Gravis
Software Engineer
-
Janine Härtel
Senior Product Manager
-
Umair Sarfraz
Software Engineer
-
Mark Schmidt
Community Manager
-
Fahad Sheikh
Online Community Liason
-
Mathew Yarger
Senior Research Engineer, Security Specialist
-
Klaus Schaaf
Smart Mobility Advisor
-
Holger Köther
Head of Partnerships
-
Michele Nati
Lead Tech Analyst
-

IOTA Exchanges

IOTA Markets

By Volume
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* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

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