IOTA (MIOTA) is a cryptocurrency or a form of digital asset. IOTA (MIOTA) price for today is $0.40 or 0.000052 BTC with a 24-hour trading volume of $ 20.91 Million. MIOTA price changes 1.95 % in the last 24 hours. It has a circulating supply of 2.78 Billion coins and a max supply of 2.78 Billion coins.
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.
The total supply of IOTA is (3^33 - 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation - it is the largest possible 33-digit ternary number:
111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10)
The total IOTA token supply was "minted" on the genesis transaction and will never change. It is now impossible for anyone to "mint" or "mine" new IOTA tokens.
IOTA uses the International System of Units (or SI units):
|IOTA Price (BTC)||฿ 0.000052|
|24h Vol||$ 20,909,215|
|Market Cap||$ 1,124,656,623|
|Full Name||IOTA (MIOTA)|
|Available/Total Supply||2.78 B - 2.78 B|
The initial coin offering (ICO) for IOTA crypto token (IOTA) was in 2015. The token started being traded June 2017 by Bitfinex. The exchanged admitted to have been following the development of IOTA for the last year and has publicly supported the project.