IOTA current price is $0.3715.

IOTA current price is $0.3715 with a marketcap of $1.02 B. Its price is 5.81% up in last 24 hours.

Buy / Sell Iota
  • iota
  • Live Price
  • 24h %
  • Market Cap
    $1.02 B
  • Volume
    $72.38 M
  • Available Supply
    2.78 B MIOTA
  • Rank

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Background about the Coin

IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).

Twitter News Feed

IOTA Standardization Update, Nov 2020 - Read about the main concepts on the standards in #DLT & #blockchain and what we have in development for the #IOTA Protocol. Stay tuned for future updates!

Jens Munch, Head of Global Trade & Supply Chain, explains how #IOTA and #IoT simplifies collaboration and provides trust between traders, governments, logistics and end-consumers in #supplychains. Tomorrow at 4h30PM CET! Register for free at

Welcome Alejandro Elustondo to the #IOTA Foundation! Alejandro will be working on the development of the #SmartContracts Protocol.

The IOTA Foundation receives @tmforumorg Outstanding Catalyst award for contributions to the acceleration of #digitaltransformation in the #telco industry. #IOTA solutions track #supplychains & ensure the security of #industry40 hardware components.

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