IOTA (MIOTA) Price Reaches $2.03 – WKRB News

   2021-05-12 11:05


IOTA (CURRENCY:MIOTA) traded down 2.7% against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on May 12th. IOTA has a market cap of $5.63 billion and $154.68 million worth of IOTA was traded on exchanges in the last day. One IOTA coin can currently be purchased for $2.03 or 0.00003610 BTC on major exchanges. In the last week, IOTA has traded up 2.1% against the U.S. dollar.



Here is how related cryptocurrencies have performed in the last day:


  • VITE (VITE) traded up 0.3% against the dollar and now trades at $0.17 or 0.00000308 BTC.
  • Poseidon Network (QQQ) traded up 10.1% against the dollar and now trades at $0.0338 or 0.00000060 BTC.
  • Obyte (GBYTE) traded up 2.1% against the dollar and now trades at $63.27 or 0.00112784 BTC.
  • IoT Chain (ITC) traded down 3.2% against the dollar and now trades at $0.19 or 0.00000338 BTC.
  • HYCON (HYC) traded down 2.7% against the dollar and now trades at $0.0013 or 0.00000002 BTC.
  • TrustNote (TTT) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

IOTA Coin Profile

IOTA is a Tangle coin that uses the

Directed Acyclic Graph (DAG)

hashing algorithm. Its genesis date was July 17th, 2016. IOTA’s total supply is 2,779,530,283 coins. The Reddit community for IOTA is /r/Iota and the currency’s Github account can be viewed here. The official website for IOTA is www.iota.org. IOTA’s official message board is forum.iota.org. IOTA’s official Twitter account is @iotatoken and its Facebook page is accessible here.

According to CryptoCompare, “IOTA is an open-source distributed ledger protocol that goes ‘beyond blockchain’ through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT). For a more in depth look at the technical design of IOTA read their https://iota.org/IOTA_Whitepaper.pdf.  The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number: 111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10) The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens. IOTA uses the International System of Units (or SI units): “

IOTA Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy IOTA using one of the exchanges listed above.



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