Price for today
0,175 USD 0,79%
0,00000599 BTC 0,79%
Name: MIOTA
Symbol: IOTA
Circulating supply: 2 779 530 300 $
Max supply: 2 779 530 300 $
Cmc rank: 78
Volume 24h: 5 848 312 $
Percent change 1h: 0,19 %
Percent change 24h: 0,79 %
Percent Change 7d: 0,9 %
IOTA is a decentralised platform designed to effectively address the needs of the Internet of Things market. The IOTA team offers an alternative approach to conventional blockchain and applies directed acyclic graph instead. Founded by David Sønstebø in 2017, the platform uses Tangle protocol, which is well-known for enhancing reduced fees, endless scalability options, rapid transactions and secure data processing. The platform has not have established transaction fees and no upper limit on the number of transactions that can be carried out per second. In a nutshell, the more operations are performed on the IOTA network, the faster it gets.
The MIOTA crypto project has tremendous potential to revolutionize the Internet of Things (IoT). It aims to optimize microtransactions between different IoT devices. Due to its unique features, MIOTA is gaining the support of investors who are advocates of technological advancement.
MIOTA is a cryptocurrency circulating in the decentralized distributed registry IOTA. It was introduced in 2015 by the IOTA Foundation representatives: David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Serguei Popov. They developed the Tangle network. It differs from other blockchains as it can process network transactions simultaneously.
According to the IOTA Foundation, the speed and absence of fees within the IOTA network are a great basis for what is called the "machine economy."
IOTA is the name for both the network protocol and the smallest native currency unit on that protocol. MIOTA consists of 1 million IOTAs.
During the crypto boom of 2017-2018, the MIOTA price reached its all-time high. When the market collapsed, the coin also crashed and reached its historic low. Since its launch in 2015, IOTA crypto has seen four price spikes.
The IOTA price depends on several factors. First, it is about supply and demand. Second, it is the development of the IoT. IoT devices are vulnerable to attacks. If they are hacked or compromised so that they can no longer function, the IOTA price chart is likely to show a decline.
IOTA relies on the Tangle network instead of the blockchain. There are no blocks or miners, and transactions are validated through the confirmation of two previous transactions of a different node.
To ensure a stable MIOTA to USD exchange rate, the developers rely on burning events. During these events, a certain percentage of coins is destroyed (burned) to reduce the supply.
When the amount of coins in circulation becomes too large, it might negatively influence the price. In turn, this creates the necessity for burning events that allow for a steady supply and destroying excessive coins that are able to bring prices down..
The only way to buy IOTA is to exchange other coins for it. For such a transaction, you need an IOTA wallet. One can use hot or cold storage, software or hardware wallet. It depends on one's personal preferences.
You will also need to find a reliable IOTA exchange service.
The GODEX exchange provides an opportunity to buy MIOTA quickly, anonymously, and at the most attractive rates.
The IOTA Network was created to facilitate transactions on the IoT. It uses the native cryptocurrency MIOTA to perform transactions within Tangle. That is the distributed ledger which is said to be the fastest and the most reliable cryptocurrency architecture.
The Tangle network and the absence of blockchain make IOTA unique. It is a one-of-a-kind project that has no alternatives in terms of transaction speed and fee size.
To exchange IOTA, turn to MIOTA exchange at GODEX. First, choose a cryptocurrency that you want to exchange for MIOTA. The most popular ones are Bitcoin, Ethereum, and Binance Coin.
Then, deposit the desired amount of cryptocurrency and specify the address of the wallet to which IOTA will be sent. After that, the GODEX system converts the deposited amount to IOTA and sends it to the specified wallet.
A special feature of the GODEX platform is that it does not require registration, does not collect personal information, and does not set limits on transactions. After the transaction is completed, you can view the results on the "Completed" page. In addition to this, you can follow the same procedure to convert IOTA to other currencies. These are the reasons why GODEX is the leading IOTA converter.
