14.11.2018 10:38

IOTA

MIOTA

$0.493978

arrow_downward -0.62%

0.000078 BTC

Market Cap:

$1 373 028 007

Circulating Supply:

2 779 530 283 MIOTA

Max Supply:

2 779 530 283 MIOTA

About IOTA

The IOTA project differs from other projects by the Tangle technology, which underlies its work. IOTA was established in 2015, and a IOTA ICO was held in December 2015, which collected 1337 BTC. Developers did not hurry to get on the stock exchange, and worked on the development of the project. IOTA started trading on June 13, 2017 at the Bitfinex exchange and immediately got into the top 10 of the Cryptocurrencies by market capitalization. In 2016, a special IOTA fund was created, which significantly increased the resources and pace of development of the platform. The developers of IOTA aimed to implement a project, based on a revolutionary idea - the Internet of Things (IW). IW is a new branch of the development of human technologies, an idea that consists of creating a global network of devices that have sensors and cameras. The advantage of Tangle technology is the speed of transaction confirmation, which is increased due to the increase in network participants. In addition, the transaction network within IOTA is structured in such a way that the participant has to make a confirmation of 2 transactions made by other network members in order to send a new transaction. In comparison with Blockchain, in which microtransactions are processed as long as normal transactions, IOTA with Tangle technology allows to speed up this process and work on microtransactions much more quickly, as well as to avoid commissions for them that could increase the cost of such transactions. If you want to know the latest information about IOTA, visit its telegram account @iotatoken

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