What is IOTA (MIOTA)?

The IOTA Foundation aims to create a standardized Internet of Things (IoT) protocol. IOTA's underlying protocol, the Tangle, is not a blockchain and does not depend on miners to validate transactions. Instead, network participants share responsibility for validating transactions. As a result, transactions help build consensus and can be sent without fees, enabling micropayments. Moreover, the Tangle is lightweight enough for IoT devices to send and approve transactions. IOTA's scalability allows millions of devices to connect, and the more devices that use IOTA, the faster the network.
Thumbnail
MIOTA
No value0% last 7 days
1
Cryptohunt's Opinion

Our take on IOTA

IOTA is one of the most innovative non-blockchain projects that appears to be performing well, forming partnerships in a variety of key industries. One of the many promising projects is in the transportation industry, with partners such as Jaguar Land Rover, Porsche, and Volkswagen, with the goal of achieving zero emissions, zero traffic congestion, and zero accidents. Vehicles will have their own wallets, which will allow them to earn and spend rewards. IOTA is well-positioned to become the standard that powers the Internet of Things.
#1
#2
#3
#4
#5
#6

How do you feel about IOTA?

Get up to speed on IOTA in less than 5 mins.

Complete these tasks to become a cryptohunt certified expert.
What makes IOTA special?
IOTA is a powered by, uses to validate transactions, and is. IOTA also supports.

Interesting facts about IOTA

Here are some facts you may not already know about IOTA. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
#1

IOTA's feeless micropayment transactions between devices set the foundation for a machine economy.

#2

IOTA is non-inflationary by design as the number of IOTA tokens is limited, and all IOTA tokens are already in circulation.

#3

The goal of IOTA is to become the industry standard for executing transactions between IoT (Internet of Things) devices.

IOTA reviews from the cryptohunt community

Dive deeper into the different opinions about IOTA and learn how others feels about it.
IOTA
Positive review
Review author avatar
Verena
7 mo. ago

I like IOTA's vision of creating a smart grid infrastructure. Due to advancements in rooftop solar and local energy storage technologies, buildings can become “positive energy” buildings and begin trading energy with other buildings, effectively managing their energy production and consumption, resulting in decentralized microgrids. These positive energy buildings generate an excess of energy that can be stored or redistributed to fulfill the needs of neighboring buildings and the community as a whole. The excess energy might then be traded and exchanged locally. Not only buildings, but also entire city districts, might become self-sufficient energy islands. This is an exciting prospect of modernizing an aging centralized energy grid infrastructure that is plagued with many problems.

0
0
0

IOTA price and insights

See how much IOTA is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 1 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like IOTA, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
-
# Active Discord members
-
# Telegram members
-
# Active Telegram members
-

Join the conversation 💬

Log in or sign up to leave a comment