IOTA
About IOTA
IOTA is a unique distributed ledger technology, known for its non-blockchain based system, Tangle. This system allows for transactions to be verified by a network of nodes, providing a faster and more scalable solution than traditional blockchains. IOTA was designed to enable seamless transactions between IoT devices, making it a key player in the expanding IoT ecosystem. The team behind IOTA believes its technology can provide digital identities, enable smart cities, and facilitate smooth global commerce.
In the last hour, IOTA's price has seen a change of +0.33%, and over the past 24 hours, its price has moved by +0.58%. Over the previous week, IOTA's price has moved by +5.53%. The current price of IOTA is $0.05043, accompanied by a trading volume of 8.529M in the last day. IOTA's price is currently 99.11% below its all-time high of $5.6900, which remains the highest price IOTA has achieved since its launch. The circulating supply of IOTA stands at 4.656B, translating to a total market capitalization of 234.8M.
Market stats
Frequently asked questions
What is the IOTA network?
IOTA (Raydium) and its trading symbol (IOTA) are an open-source distributed ledger technology (DLT) designed to support the machine economy by enabling the secure and free transfer of data and value between Internet of Things (IoT) devices. IOTA was launched to address the limitations of blockchain in high-throughput, low-value transaction environments, eliminating the need for miners and transaction fees thanks to its interlinked structure based on a directed acyclic graph (DAG). The network supports microtransactions that are considered unfeasible on traditional blockchain networks, making it suitable for scenarios where devices exchange data, services, or payments autonomously. The IOTA token serves as the medium of exchange within this system and is used to incentivize validators on the network under a Delegated Proof of Stake (DPoS) model.
How does the IOTA network work?
IOTA uses a distributed ledger technology that differs from blockchain technology. Unlike traditional blockchains such as Bitcoin, users must validate two transactions to complete their own using the Tangle consensus mechanism developed by IOTA. Tangle is a DAG consensus algorithm. This technology does not require miners, validators, blocks, or transaction fees. This helps it overcome the cost and scalability issues of blockchain, and the DAG structure has enabled IOTA to facilitate payments without fees, reduce computing costs, and connect internet-enabled devices. IOTA is suitable for the Internet of Things (IoT) economy because it eliminates exorbitant transaction costs, which require monitoring and human intervention, something the IoT was intended to avoid. This “smart contracts” platform is rewriting its ledger and consensus algorithm. IOTA 2.0 is decentralized.
Is IOTA available on Rain?
We are constantly working to expand our list of listed assets, and although we cannot provide a specific date for the listing of the IOTA network at this time, you can follow the latest updates through our official social media channels such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations?
Before purchasing IOTA, it is important to understand the risks associated with it:
• Price volatility risk: The cryptocurrency may be subject to sharp price fluctuations.
• Adoption risk: The cryptocurrency needs to grow its user base for this to positively impact the project.
• Liquidity Risk: Liquidity may affect the currency’s price movement. • Governance and Regulatory Risk: The currency’s value may be affected by legislation and regulation.
• Concentration Risk: The currency relies on the platform and may be affected by any changes to it.
• Storage Risks: You must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not buy IOTA based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
What is the Tangle?
A web-based ledger structure where each new transaction validates two previous transactions, eliminating the need for traditional miners.
What is the total supply of IOTA?
The total supply is approximately 4.6 billion IOTA tokens following protocol updates.
Can IOTA be staked?
Yes, token holders can participate in securing the network and maintaining its decentralization by staking IOTA to earn staking rewards.
What is a IOTA wallet?
A IOTA wallet is where you can securely store IOTA. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a IOTA address?
A IOTA address is a string of unique characters that is tied to your IOTA wallet. The address functions just like a bank account number and it is what you use in order to send IOTA from your wallet, or to receive IOTA to your wallet.
What are the most popular cryptocurrencies besides IOTA?
Besides IOTA, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of IOTA be in next 5 years?
Price predictions for IOTA over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading IOTA taxable?
Trading IOTA may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is IOTA's ATH?
IOTA’s all-time high (ATH) was $ 5.6900 on 19 Dec 2017. This represents the highest recorded market price of the asset to date.
When will IOTA be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for IOTA just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of IOTA?
With a market capitalization of 234.8M, IOTA is ranked 120 among other crypto assets.
What is the all-time high of IOTA?
The highest valuation of IOTA since its launch was at $5.6900, marking its all-time high.
What is the 24-hour trading volume of IOTA?
The trading activity of IOTA over the last 24 hours was at 8.529M, highlighting its liquidity in the market.
How many IOTA are there in circulation?
There are approximately 4.656B units of IOTA currently in circulation, affecting its market dynamics.
What is the relative popularity of IOTA?
IOTA market cap is around 234.8M.
When was IOTA created?
IOTA was introduced on 25 Nov 2015.
Website
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