How the value of the iota cryptocurrency has changed in recent hours.
This cryptocurrency is designed to be used as a means of payment across all devices that are part of the Internet of Things without additional transaction fees.
#IOTA It's not based on blockchain like other cryptocurrencies, but on a Tangle architecture whose goal is to incorporate digital currencies into the Internet of Things. (Infobae)
IOTA is a virtual currency that stands out from others because it operates based on the Directed Acyclic Graph (DAG) with an architecture called Tangle, while the most famous ones like Bitcoin or Ethereum operate through blockchains.
This cryptocurrency, also known as MIOTA, is designed to be used as a means of payment with unlimited scalability (transactions) and across all devices that are part of the Internet of Things without additional fees.
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How the value of the iota cryptocurrency has changed in recent hours
This cryptocurrency is designed to be used as a means of payment across all devices that are part of the Internet of Things without additional transaction fees.
IOTA is not based on
IOTA isn't based on blockchain like other cryptocurrencies, but on a Tangle architecture whose goal is to incorporate digital currencies into the Internet of Things. (Infobae)
IOTA is a virtual currency that stands out from others because it operates based on the Directed Acyclic Graph (DAG) with an architecture called Tangle, while the most famous ones like Bitcoin or Ethereum operate through blockchains.
This cryptocurrency, also known as MIOTA, is designed to be used as a means of payment with unlimited scalability (transactions) and across all devices that are part of the Internet of Things without additional fees.
Unlike blockchain, in this new scheme, each record or user has a unique timestamp and must be subject to an 81-character cryptographic signature. Each transaction is executed using this private key, which contains details such as the sender, recipient, and amount.
IOTA's main features are: it has no scalability limits, allowing for unlimited transactions; the system adapts to usage and popularity without being highly volatile; it requires no mining or miners; and there are no additional operating fees.
According to information from Binance, this digital currency currently has 3.73B units created.
Value of iota
The value of the iota cryptocurrency as of today at 10:30 UTC is $0.203656 per unit.
This means that the digital currency had a change of 7.48% in the last day, as well as a variation of -0.17% in the last 60 minutes.
Currently, IOTA is ranked 85th in popularity on the digital market. It's worth noting that this digital currency's all-time high is $5.69002 per unit.
Highlights about Iota
Created by a German foundation, the digital currency uses a technology or architecture called Tangle focused on the Directed Acyclic Graph (DAG), which, among other things, is characterized by being more user-friendly, as transactions can be made with just a mobile phone and a computer, while not consuming as much energy as a blockchain network.
Furthermore, these transactions can be performed by users who operate with IOTA, and there are no transaction fees because users must complete other transactions before completing their own.
IOTA's technology ensures that users of this cryptocurrency have a more reliable environment than the blockchain network can provide. The latter allows transactions to be carried out asynchronously, orderly, and slowly for security reasons; while the Tangle allows for parallel operations.
IOTA's maximum supply is 2.779 billion 350 thousand 283 tokens, and the goal is to allow microtransactions of up to $0.001 to be made without incurring payment processing fees. Each transaction requires a "seed," an 81-character, randomly generated code that prevents fund theft.
Among its advantages is its resistance to quantum computing, millions of times faster than what is known today; however, one of its weaknesses is security, as in 2017 it faced a hack that caused its price to plummet and transaction volume to plummet.
The world of virtual currencies
Cryptocurrencies are no longer considered foreign objects and have begun to enter everyday life, sparking the interest of those concerned about finances, or even reaching the point of being legalized in some regions of the globe.