IOTA (MIOTA) current price is $0.2478 with a marketcap of $687.96 M. Its price is -8.26% down in last 24 hours.
- IOTA (MIOTA)
- Live Price $0.2478
- 24h % -8.26%
- Market Cap$687.96 M
- Volume$9.23 M
- Available Supply2.78 B MIOTA
More Info About Coin
IOTA is a new distributed open source register that does not use a blockchain. Its innovative new quantum-secure protocol, known as Tangle, generates unique new functions such as zero-fees, infinite scalability, fast transactions, secure data transmission and many others.
The main thing is that the system operates on a unique DAG protocol. This is a directed acyclic mathematical graph that simplifies making micro-payments. The essence of the protocol is that any transaction is confirmed by 2 previous ones.
In other words, all transactions carried out in the system are approved by each other, and in case of any problems, log systems interact with other transactions. If the path between sections consists of several blocks, one section indirectly confirms the second. But if there are conflicting nodes, they are not confirmed.