IOTA is an open-source, scalable distributed ledger designed to facilitate seamless value and data transfer between humans and machines. Built for the Internet of Everything, it powers the Internet of Things (IoT) with feeless transactions, tamper-proof data, and minimal resource demands. MIOTA, its native token, fuels this next-generation digital economy.
How Does IOTA Work?
Unlike traditional blockchains, IOTA uses Tangle—a Decentralized Acyclic Graph (DAG)—to overcome scalability issues. Key features include:
- Parallel transaction processing: No sequential queues or miners.
- Enhanced efficiency: More nodes increase network speed and security.
- Low energy consumption: Eliminates the need for resource-intensive mining.
👉 Discover how Tangle outperforms blockchain
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Founders and History of IOTA
Co-founded in 2015 by David Sonstebo, Dominik Schiener, Dr. Serguei Popov, and Serge Ivancheglo, IOTA aimed to democratize IoT. The IOTA Foundation, established in 2018, drives research, education, and standardization.
Despite internal disputes (e.g., Ivancheglo’s 2019 exit and Sønstebø’s 2020 departure), the project continues to innovate.
What Makes IOTA Unique?
- Feeless transactions: Ideal for microtransactions.
- Instant validation: Near-infinite scalability.
- Machine-to-machine (M2M) economies: Key for smart cities and IoT.
👉 Explore IOTA’s real-world use cases
IOTA’s Value Proposition
- Circulating supply: 2.78 billion MIOTA (all pre-mined).
- Market cap: $3.51 billion (ranked #25).
- Use cases: Smart cities (e.g., Taipei), partnerships with Volkswagen, ElaadNL.
How to Use IOTA
- Wallets: Choose from options like Kriptomat for secure storage.
- Transactions: Feeless and instant—ideal for IoT devices.
FAQ
How to buy IOTA?
Purchase MIOTA on exchanges supporting non-blockchain tokens.
What’s IOTA’s current price?
Check real-time prices on crypto tracking platforms.
Is IOTA secure?
Yes, its decentralized Tangle network is tamper-proof.
Bottom Line
IOTA redefines distributed ledgers for IoT and smart economies. While retail adoption lags, its institutional potential is vast.
👉 Start your IOTA journey today
### Keywords:
- IOTA
- MIOTA
- Tangle
- Internet of Things (IoT)
- Feeless transactions
- Decentralized Acyclic Graph (DAG)
- Smart cities