IOTA Price for today is $0.258. Its current circulating supply is IOTA 2,779,530,283 with a market cap of $717,292,993.90.
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IOTA is an open-source distributed ledger - the Tangle - powering the Internet of Things (IoT) with fee-free microtransactions and data integrity for machines. IOTA aims to be public and permissionless backbone protocol for the IoT enabling the interoperability between all devices. IOTA uses a Directed Acyclic Graph (DAG) instead of the blockchain. There are no fees on transactions and no fixed limit on the number of transactions to be confirmed per second. The throughput grows together with network activity: the more activity, the faster the network. According to numerous reports, the IoT market is expected to be worth almost $500 billion by 2020. The potential is huge, and IOTA has already confirmed partnerships with leading companies like Cisco Systems Inc. and Samsung Electronics Ltd.
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We also wrote an article about IOTA price predictions.
This cryptocurrency enables data exchange between sensor-equipped machines operating in the IoT. IOTA’s use cases are as varied as IoT itself and include mobility, global trade, supply chains, eHealth, smart energy and smart cities among many others. Main features of IOTA are: free transactions, unlimited scaling, ability to process any data (not just financial transactions) and no mining so everyone can contribute.
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