IOTA (IOTA)
Rank #128
Market snapshot
- Price
- $0.043255
- Market cap
- $200.5M
- 24h volume
- $39.0M
- Circulating supply
- 4,634,745,826
- Total supply
- 4,600,000,000
- Max supply
- N/A
What is IOTA?
IOTA is a decentralized blockchain infrastructure aimed at enabling the development and operation of applications across the digital world. It serves as a platform that facilitates the connection of devices and systems through a distributed ledger technology.
How IOTA works
IOTA operates on a unique architecture that allows transactions to be processed without the need for traditional miners. Instead, users validate transactions by confirming two previous transactions, creating a network of interlinked transactions known as the Tangle. This structure enables scalability and efficiency, as it can handle a growing number of transactions without congestion.
Key information
- Symbol
- IOTA
- CMC rank
- #128
- Network / platforms
IOTA, IOTA EVM
- Categories
- N/A
- Date added
- Jun 13, 2017
Key characteristics
IOTA is designed to be a programmable blockchain platform, allowing developers to create applications that can scale horizontally. It supports various tools and features that empower developers to leverage the capabilities of the IOTA network. Additionally, IOTA is categorized under the binance-ecosystem and layer-1 tags.
Documented uses
On-chain assets enable new applications and economies based on utility without relying solely on artificial scarcity.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is IOTA?
- IOTA is a cryptocurrency that operates on a decentralized network, providing a platform for various applications and services.
- How does IOTA work?
- IOTA operates on a unique architecture that allows transactions to be processed without the need for traditional miners. Instead, users validate transactions by confirming two previous transactions.
- What are the technical characteristics of IOTA?
- IOTA is designed to be a programmable blockchain platform, allowing developers to create applications that can scale horizontally.
- What are the risks associated with transferring IOTA?
- Digital asset prices can be volatile, and users should verify asset and network before transferring assets.
- How can I verify the acquisition of IOTA?
- Verify the asset name, network, and the destination details before transferring.
- Where can I find official resources for IOTA?
- Official resources for IOTA can be found on their website at https://www.iota.org/.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
