Market Cap $ 467,479,787,353
24h Volume $ 9,525,714,162
Rank 1247
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Avg. Price
$ 1.600 USD
24hr Change
-14.89%
Mkt. Cap
$ 4.45 B
Vol. 24H
IOT 13.71 M ($ 23.34 M)
Low/High 24h
$ 1.580 / $ 1.900
Total Coins
$ 2.78 B
Last Trade
IOT 100.000 ( $ 159.590) / Bitfinex
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Description

IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT). For a more in depth look at the technical design of IOTA read their https://iota.org/IOTA_Whitepaper.pdf