IOTA
IOTA$0.0631
Market Cap
$271.97M
Volume 24h
$4.55M
Vol / Market Cap
1.67%
Rank
#72
IOTA Price Chart
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.
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.
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.
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.
Niche focus on the "Internet of Things" (IoT) has struggled to gain traction against centralized IoT clouds.
