IOTA (MIOTA) Explained in 6 Easy Steps

IOTA is a decentralized ledger technology designed for development of the Internet of Things (IoT). The network’s native cryptocurrency is called MIOTA.

1.When was it founded and by whom?

The IOTA project began in September 2014, and it was officially launched for use in 2016. IOTA, which was originally based on the efforts of its four co-founders, it had a transformation in 2019 when one of the co-founders continued the process only as a consultant.

2.IOTA’s infrastructure

In fact, IOTA is not a blockchain-based product. It operates based on a technological infrastructure called Tangle

3.What does it offer to users?

As it is not a blockchain-based product, one of its key features is the lack of network fees paid for mining activities and miners. It offers efficiency to its users as a cost-free system. It is a kind of extension of blockchain; however, it offers more efficiency and simplicity in addition to being free of charge.

4.Can IOTA be mined?

IOTA is not a type of cryptocurrency that allows mining activities.

5.All-time low, all-time high (ATH), and total supply

IOTA’s all-time low price was $0.07962 on October 13th, 2020 while all-time high price was $5.69 on December 19th, 2017. Circulating supply of the cryptocurrency is 2,779,530,283 MIOTA and the total supply is also the same.

6.How to trade IOTA on Paribu?

By clicking on the link, you can trade IOTA on Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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