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IOTA

IOTA (MIOTA)

$ 0.05
1.95 %
Main info
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Analytics
Market cap
$213.52M
1.95 %
Volume (24h)
$2.85M
1.95 %
Circulating supply
4,044,197,813 MIOTA
Total supply
4,600,000,000 MIOTA
Max. supply
4,600,000,000 MIOTA

About IOTA

Overview of IOTA

IOTA is a revolutionary new transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a new distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system.

Using IOTA, for the first time ever, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without the need for a trusted intermediary of any kind.

Role in the Machine Economy

IOTA is the missing puzzle piece for the Machine Economy to fully emerge and reach its true potential. IOTA is envisaged to be the public and permissionless backbone protocol for the IoT that enables true interoperability between all devices.

Key data

updated $0
Market cap$213.52M
Volume 24h$2.85M
Circulating supply4.04B88% of max 4.6B

IOTA (ticker MIOTA) is a cryptocurrency designed specifically for the Internet of Things — machines talking to machines, paying each other tiny amounts instantly and for free. Unlike most coins, it doesn't run on a blockchain with miners; instead it uses a structure called the Tangle, where every user who sends a transaction also confirms two others. That's the core idea: no fees, no miners, and the network actually gets faster the more people use it.

Frequently asked questions

What is IOTA and how is it different from Bitcoin?

IOTA is a distributed ledger built for machine-to-machine payments in the Internet of Things. The biggest difference is architectural: Bitcoin uses a blockchain with miners and transaction fees, while IOTA uses the Tangle, a DAG-based structure where users validate each other's transactions. This makes feeless microtransactions possible, which is the whole point of the project.

How does the Tangle and IOTA's consensus work?

Instead of blocks in a chain, the Tangle is a directed acyclic graph where each new transaction must approve two previous ones. Consensus is reached through this approval weight rather than through miners or staking. In practice, that means no transaction fees and no dedicated validators — the users themselves secure the network.

How is MIOTA supply and issuance structured?

IOTA's entire supply was created at genesis — there is no mining, staking rewards, or inflation. The total supply is fixed at roughly 2.78 quintillion units, with MIOTA representing one million base units. Since no new tokens are ever issued, scarcity is built in from day one.

How can you store and use MIOTA?

MIOTA is supported by several hardware wallets like Ledger and software wallets including the official Firefly wallet from the IOTA Foundation. You can buy it on major exchanges and send it between wallets with zero network fees. Beyond holding, the project's real use case is paying machines and devices — think sensors, cars, or smart infrastructure settling payments automatically.