IOTA Trading 12.2% Higher Over Last 7 Days (MIOTA) – WKRB News

   2022-08-01 11:08


IOTA (MIOTA) traded 0.5% higher against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on August 1st. One IOTA coin can now be purchased for about $0.33 or 0.00001411 BTC on popular exchanges. In the last seven days, IOTA has traded 12.2% higher against the dollar. IOTA has a total market cap of $907.30 million and $22.31 million worth of IOTA was traded on exchanges in the last day.



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


  • VITE (VITE) traded 2% lower against the dollar and now trades at $0.0312 or 0.00000135 BTC.
  • Obyte (GBYTE) traded 7.4% lower against the dollar and now trades at $15.47 or 0.00066872 BTC.
  • Poseidon Network (QQQ) traded down 0% against the dollar and now trades at $0.0030 or 0.00000013 BTC.
  • IoT Chain (ITC) traded 6.8% lower against the dollar and now trades at $0.0100 or 0.00000043 BTC.
  • HYCON (HYC) traded 7.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

IOTA Coin Profile

MIOTA is a Tangle coin that uses the

Directed Acyclic Graph (DAG)

hashing algorithm. Its launch date was July 17th, 2016. IOTA’s total supply is 2,779,530,283 coins. IOTA’s official website 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. The Reddit community for IOTA is /r/Iota and the currency’s Github account can be viewed 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): “

Buying and Selling IOTA

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



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