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IOTA (IOTA) is not tradable on Coinbase.

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IOTA

IOTA

About IOTA

IOTA is designed to facilitate microtransactions between devices on the Internet of Things (IoT). IOTA uses a unique consensus algorithm (called the Tangle) that requires users to validate two transactions in order to make a transaction of their own.

IOTA (MIOTA) is a unique distributed ledger technology that deviates from the traditional blockchain structure. Instead, it utilizes a proprietary technology known as Tangle, a system of nodes that confirm transactions. This approach aims to offer greater speeds than conventional blockchains, making it a suitable platform for the rapidly growing Internet of Things (IoT) ecosystem. IOTA's design eliminates the need for miners, which in turn removes transaction fees. This structure aims to provide limitless throughput at minimal expense. IOTA's goal is to become a platform for executing transactions between IoT devices, potentially serving billions of devices.

IOTA operates on a technology called Tangle, which is a Directed Acyclic Graph (DAG). Unlike traditional blockchains that add transactions in blocks, Tangle allows transactions to be added in parallel. This means that the network's size and speed are directly related to the number of users on the platform. When a new transaction is made, it validates two previous transactions from another node. This unique approach eliminates the need for miners, making transactions feeless. To keep the network functioning, a simple Proof-of-Work puzzle is included in the process of validating a transaction.

IOTA seeks to serve a wide range of use cases beyond the IoT ecosystem. The distributed ledger technology could potentially deliver digital identities to all, enabling more transparent and inclusive public services. It could also facilitate usage-based car insurance policies, contribute to the development of advanced smart cities, streamline global trade, and verify the authenticity of products. By enabling efficient, lightweight, real-time micro-transactions without fees, IOTA aims to support a variety of applications.

IOTA was initially known as Jinn and was introduced to the public through a crowdsale in September 2014. The network officially launched in 2016. The project was co-founded by Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener. Over time, the IOTA Foundation has grown, with team members now based across more than 25 countries. The IOTA Foundation, a non-profit organization, was launched in October 2017. It aims to develop the network, and it has established partnerships with various entities, including carmaker Volkswagen and the city of Taipei for smart projects.

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Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$477.6M

Volume (24h)

$34.7M

Circulating supply

3.5B IOTA

All time high

$5.69

Market performance

Price change (1h)

+1.73%

Price change (1d)

+10.63%

Price change (1w)

+29.89%

Price change (2w)

+22.71%

Price change (1m)

+13.9%

Price change (1y)

-29.01%

Market benchmarks

Performance (1Y)

-27.74%

Vs. Market (1Y)

-62.92%

Vs. BTC (1Y)

-66.72%

Vs. ETH (1Y)

-53.52%

Coinbase Bytes

Coinbase Bytes

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IOTA is on the rise this week.

The price of IOTA has increased by 1.73% in the last hour and increased by 10.63% in the past 24 hours. IOTA’s price has also risen by 29.89% in the past week. The current price is $0.14 per IOTA with a 24-hour trading volume of $34.66M. Currently, IOTA is valued at 97.60% below its all time high of $5.69. This all-time high was the highest price paid for IOTA since its launch.

The current circulating supply of IOTA is 3,497,433,380 IOTA which means that IOTA has as total market cap of 3,497,433,380.

FAQ

What is the current price of IOTA?

We update our IOTA to USD currency in real-time. Get the live price of IOTA on Coinbase.

What is the market cap of IOTA?

The current market cap of IOTA is $477.63M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of IOTA?

The all-time high of IOTA is $5.69. This all-time high is highest price paid for IOTA since it was launched.

What is the 24 hour trading volume of IOTA?

Over the last 24 hours, the trading volume of IOTA is $34.66M.

What other assets are similar to IOTA?

Assets that have a similar market cap to IOTA include Decentraland, Astar, dYdX, and many others. To see a full list, see our comparable market cap assets.

How many IOTA are there?

The current circulating supply of IOTA is 3.5 billion.