IOTA Profile (MIOTA)

Rating: Good

Balanced Small Cap

Project Safety Score

Fri, Mar 29, 2024 12:00 AM

	Market Cap	$505,443,545.67
	Market Dominance	0.0425
	24hr Volume	$4,590,936.02
	Price	$0.1818

69%

Score

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Project Details
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Name

IOTA

Type

coin

Technology

3^rdgen tangle

IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).

3.2/5

(31 reviews)

Ratings and reviews left by our members do not impact the profile score.

Frederika 2 years ago

Most honest project in my opinion, but most undervalued at the moment. You can find the address etc., everything. I think this project will hit 100 dollar in 10-15 years!

1 0

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주자 2 years ago

very good.

1 0

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주자 2 years ago

so good

1 0

limkh80 2 years ago

so good

1 0

NANO 2 years ago

1 word: NANO

0 0

NANO 2 years ago

IOTA is scam. Stay away. Better alternatives are NANO for exemple.

0 0

Oknothx 2 years ago

We at NANO community laugh at IOTA tech. Its outdated and slow.

0 0

NANO 2 years ago

Iota is pure pump and dump. outdated tech.

0 0

Stayaway 2 years ago

NANO overtakes IOTA in every way.

0 1

Bitchboy 2 years ago

NANO better, dont go for IOTA, you will regret...

0 1

Showing records 1 - 10 of 31 ratings

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3.19/5

(31 reviews)

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