IOTA is a cryptocurrency technology that targets the Internet of Things (IoT) and doesn’t use a blockchain in
order to reduce the computational needs of the network and eliminate transaction fees.
IOTA’s breakthrough ledger technology is called “Tangle,” wherein the Sender in a transaction is required to do a proof of work that approves two transactions. This removes dedicated miners who are needed to verify transactions on most other cryptocurrencies. It also makes the system more decentralized because every user essentially becomes a “node” in the network.
Another remarkable thing about IOTA is that it becomes faster the more users perform transactions, because all of those users are also required to verify other transactions.
This is the opposite of most other cryptocurrencies that tend to become slower as more people use them and require new solutions to increase scalability.
Max Supply: 2,779,530,283
Circulating Supply: 2,779,530,283
Total Supply: 2,779,530,283
Cryptographic Algorithm: DAG
Issue Price : 2017-07-23
Source Code: https://github.com/iotaledger
Issue Price: $0.000400
White Paper: https://resource.bnbstatic.com/books/20180213/1518514281532.pdf
Consensus Protocol: –
Explorer 1: https://thetangle.org/
Explorer 2: https://iotasear.ch/