Key metricsKey metrics
PricePrice$0.4591
Asset TypeAsset TypeCryptocurrency
StructureStructureFoundation
Project StatusProject StatusMVP
OwnershipOwnershipFree
SectorSectorIoT
IndustryIndustryBlockchain
FoundedFounded7-Jul-1905
Funds raisedFunds raised434K
CountryCountryGermany
Key personKey personDominik Schiener

IOTA (MIOTA) Information{coin_name} ({symbol}) Information

The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.

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).
Utility of the coin/token
IOTA currently does two things really well: transactional settlement (especially feeless and fast micropayments) and data integrity. With these two features a plethora of potential use cases are possible for the very first time. Real-time streaming payment services for data and energy, immutable data history tracking for supply chains, computational resource sharing (for bandwidth, CPU, and storage) and more, IOTA enables entire new business models which were previously impossible with the legacy financial system and other Distributed Ledger Technologies built on Blockchain. More open-source platforms (such as Oracles, Smart Contracts, Q, etc.) are on our roadmap and will be added in the near future.

Team OverviewTeam Overview

David Sonstebo
Co-Chairman of the board of directors & Founder

David is a serial entrepreneur with a passion for any kind of technology that can push human progress forward.

Dominik Schiener
Co-Chairman of the board of directors & Founder

Dominik is an entrepreneur from Italy, with a passion to drive change in society and business.

Ralf Rottmann
Member Board of Directors

Ralf is a serial entrepreneur who sold his last company to Alcatel-Lucent and is the co-founder of grandcentrix, Germany's leading SI for end-to-end Internet of Things productions.

Sergey Ivancheglo
Member Board of Directors & Founder

Electrical Engineer, Software developer, founder and creator of Nxt, co-founder of Jinn Labs.

Sergui Popov
Member Board of Directors & Founder

Professor of Mathematics with focus in Probability Theory. Also a mountain climber, chess enthusiast and heavy metal lover.

OrganizationsOrganizations

IOTA Stiftung

Company NumberCompany Number 500027331119-04
Rheinsberger Str. 76/77, 10115 Berlin

TechnicalTechnical

Key metricsKey metrics
AlgorithmAlgorithmTangle
ProofProofDAG

Source Code Repositories

iotaledger/wallet 2158 Stars 11 Contributers 562 Open Issues

IOTA Wallet

iotaledger/iri 1159 Stars 55 Contributers 382 Open Issues

IOTA Reference Implementation

iotaledger/iota.js 772 Stars 41 Contributers 65 Open Issues

IOTA JavaScript monorepo

EconomicsEconomics

Tradeable CoinsTradeable Coins
2,779,530,283 (100% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance MIOTA/BTC $0.4592 0.03% $3,185,529 0.12% 0.45%
Binance MIOTA/USDT $0.4582 -0.2% $3,038,488 0.13% 0.37%
Binance MIOTA/ETH $0.4599 0.18% $391,252 0.22% 0.73%
Binance MIOTA/BNB $0.4592 0.02% $375,889 0.32% 0.4%
Upbit MIOTA/KRW $0.4669 1.7% $265,183 0.37% 0.37%
Gate.io MIOTA/USDT $0.4571 -0.44% $54,227 0.72% 2.2%
Gate.io MIOTA/BTC $0.4575 -0.35% $539.30 5.6% 54%

Latest IOTA NewsLatest IOTA News

IOTA on Twitter

We are pleased to release the results of the Trinity audit conducted by world-leading cybersecurity firm SIXGEN. A security assessment of all desktop and mobile versions revealed an overall LOW risk of compromise from external attackers. https://t.co/fl6HTnLux4 #IOTA #Sixgen

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IOTA on Twitter

Join us for the IOTA Barbecue Satellite TOA Event in Hafenküche July 4 at 6PM. Learn about how Distributed Ledger Technology works, the business impact, and use cases like smart city, smart living, mobility and energy. Register today at: https://t.co/0K1swA0BIC #IOTA #TOA

IOTA on Twitter ReadRead 

IOTA on Twitter

As the Foundation is readying to make #IOTA enterprise ready with #Coordicide, we are looking to hire additional #Rust developers to join our growing and talented team. Help us create the trust layer for our future economy. https://t.co/zyd3BCjiSg #IOTA #developers

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IOTA on Twitter

If you've missed any IOTA news over the last month, you can catch up now with the monthly newsletter, now on the blog. https://t.co/pNXnr244dY Subscribe to the monthly newsletter:https://t.co/saWnlefAdZ #IOTA #IOTANewsletter

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IOTA on Twitter

IOTA Partners with @primority to Ensure Allergen Food Safety Using Distributed Ledger Technology. 220 Million People Worldwide Live with Food Allergies. New Technology Aims to Minimize Threat of Potentially Fatal Food Allergens. https://t.co/ndxNaYHddM #IOTA #foodsafety… https://t.co/tRoj1rLS3W

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IOTA on Twitter

The IOTA Blueprints are great building blocks for you to get started with building on IOTA in any industry and application. The new documentation website already has blueprints for Data Storage, P2P Energy Grid, Supply Chain and more to come... https://t.co/frT7upRKaY #IOTA

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IOTA on Twitter

IOTA is much more than a "protocol for machines." Learn more about how it is designed to be the connective tissue between the human economy and the machine economy. https://t.co/NTcc4mpRyW #IOTA #machineeconomy

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IOTA on Twitter

Read our latest Tech Update today on the blog: Client libraries and IRI with networking rewrite update. https://t.co/MZkVNYpRBT #IOTA #IRI

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IOTA on Twitter

Welcome Jake Cahill to the IOTA Foundation https://t.co/xgCJ6eRYWy #IOTA

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IOTA on Twitter

The season finale of Untangled is now available. Hear about supporting digital infrastructure of the IOTA economy with Dan Simerman from IF and Frank Zhou from Zeux. https://t.co/W9UQ7bus9I #IOTA #Untangled

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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