IO

IOTA

IOTA
IoTRank #72IOTA

$0.0631

-0.72%24h
-1.61%7d

Market Cap

$271.97M

Volume 24h

$4.55M

Vol / Market Cap

1.67%

Rank

#72

IOTA Price Chart

About IOTA

IOTA is a distributed ledger designed for Internet of Things data and microtransactions.

IOTA is a distributed ledger technology designed for the Internet of Things, enabling feeless microtransactions and data integrity.

How It Works

A distributed ledger designed for the "Internet of Things." It doesn't use a blockchain; instead, it uses a "Tangle" (a DAG) where every new transaction must verify two previous ones, allowing for zero-fee micro-payments.

Use Cases

Machine Economy: Used for fee-less data and value transfers between devices in the Internet of Things, such as automated cars, sensors, and smart grids.

Tokenomics

Zero-Fee M2M: Does not use a blockchain or miners. It is used for feeless data and value transfers between machines (Internet of Things), such as electric car charging or sensor data sales.

Risks & Considerations

Niche focus on the "Internet of Things" (IoT) has struggled to gain traction against centralized IoT clouds.

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