The live price of MIOTA is - per (IOTA / USD) with a current market cap of $840.70M USD. 24-hour trading volume is - USD. IOTA to USD price is updated in real-time. MIOTA is -% in the last 24 hours with a circulating supply of 3.77B.
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IOTA is a decentralized project that aims to facilitate payments and transactions between devices and the global internet. The IOTA project focuses on this Internet of Things (IoT) connectivity, which is the communication shared between Internet-connected devices IOTA targets. The IOTA decentralized project has attracted much attention for its blockchain network TANGLE.
MIOTA is the native cryptocurrency of the IOTA network and is responsible for transactions on the IOTA decentralized ledger, which is the blockchain system that manages communication between IoT connected devices.
IOTA was founded in 2015 by David Sonstebo, dominique Schiener, Dr. Serguei Popov, and Serge Ivancheglo. Scheiner and Sonstebo share the chairmanship of the board, and Dr. Serguei Popov leads the foundation's research department.
Due to internal conflicts, co-founders David Sonstebo and Sergey Ivancheglo resigned from the board in 2019. Research director Serguei Popov later became a co-founder and member of the board.
Earlybird Venture Capital, Outlier Ventures, and Robert Bosch Venture were the first institutional backers of the IOTA initiative. IOTA has also established partnerships with well-known brands such as Dell and Jaguar. In addition, it has received support from many financial partners such as EOI Exchange, Binance, and Huobi Global.
MIOTA has a maximum supply of 2.8 billion. These tokens are in circulation, so MIOTA is a non-inflationary cryptocurrency. One MIOTA is equivalent to one million iotas, just like BTC.
MIOTA’s chart shows that the industry has grown significantly over the past few years. However, if the company achieves more complex use cases, the value of MIOTA will change accordingly.
IOTA is a distributed ledger that uses a directed acyclic graph (DAG) structure to process fast and efficient transactions. MIOTA is the platform's native token.
MIOTA is committed to creating a blockchain economy that supports many real-world applications of the Internet of Things (IoT).
MIOTA's distributed ledger technology, the Tangle, can be imagined as a multi-dimensional blockchain. It allows cross-chain value transfers without any fees and stores records permanently on the network.
The open source framework and DAG architecture facilitate its scalability and fast, hassle-free transactions. The network does not employ miners or validators. This automatically increases transaction processing speeds and allows network participants to protect on-chain data.
MIOTA is the native cryptocurrency of the IOTA blockchain ledger, used to support the interaction process between devices on the network. MIOTA can also allegedly be used to scale the network to further improve the ability of the system’s nodes to interact with each other.
IOTA stands for Internet of Things Application, and both IOTA and its native cryptocurrency MIOTA are focused on further innovations in IoT.
Sergey Ivancheglo, Serguei Popov, David Sonstebo, and Dominik Schiener co-founded the IOTA Foundation and subsequently launched the IOTA token in 2015.
The IOTA decentralized network is specifically designed to connect IoT devices on the underlying blockchain network. The IOTA network uses a unique Proof of Stake (PoS) consensus model mechanism designed to manage transactions between IoT devices on the IOTA platform.
The IOTA network is governed by the TANGLE consensus mechanism, which is different from other similar mechanisms, especially Bitcoin, which was developed for scaling. The IOTA network implements the consensus and verification process through the nodes in the IOTA system, which not only confirm the current transaction in progress to form a new confirmed block on the network, but also confirm the previous two transactions. Therefore, when IOTA confirms each new transaction, it verifies the previous transaction, thereby improving the security of its network.
The IOTA network is a decentralized ledger system developed specifically for IoT. It aims to become a base blockchain to facilitate interoperable communications such as cross-chain payments and information sharing.
The IOTA Foundation is the company responsible for the development of IOTA. It was founded and headquartered in Germany and aims to be a cryptocurrency to manage communications on the vast IoT. As of 2020, billions of devices have been connected to IOTA's IoT.
In addition, the IOTA Foundation has also established alliances with major multinational companies Bosch and Volkswagen, indicating that IOTA has incorporated the B2B model into its development vision. Enterprises can use IOTA’s decentralized ledger network to monetize IoT data streams, an obvious focus for decentralized projects.
The maximum supply of MIOTA tokens is 2,779,530,283, all of which are already in circulation.
The MIOTA to other currencies exchange rate?
