IOTA Price

IOTA is a cryptocurrency designed for the Internet of Things (IoT). It uses a unique distributed ledger technology called Tangle, which is based on a Directed Acyclic Graph (DAG) instead of a traditional blockchain. Key features of IOTA include: 1. Feeless transactions: IOTA enables microtransactions without fees, making it ideal for IoT devices. 2. Scalability: The Tangle structure allows for parallel transaction processing, improving scalability. 3. Fast transactions: Confirmations can occur within seconds. 4. Energy efficiency: IOTA doesn't require mining, making it more environmentally friendly. 5. Machine-to-machine economy: It facilitates seamless communication and payments between IoT devices. As of 2026-02-02, IOTA is ranked #160 with a price of $0.0701. Its 24-hour trading volume is $586.62K, and it has a market cap of $298.92M. The circulating supply is 4.26B IOTA IOTA, with a total supply of 4.8B IOTA IOTA. IOTA reached its all-time high of $5.25 on December 19, 2017, and its all-time low of $0.06792 on March 13, 2020.

IOTA was created in 2015. The project was officially founded on November 25, 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Sergey Popov. IOTA aimed to revolutionize the Internet of Things (IoT) ecosystem by enabling secure, feeless microtransactions between connected devices using its innovative Tangle technology, which is based on a directed acyclic graph (DAG) instead of a traditional blockchain. The IOTA token was launched to power this IoT-focused network and facilitate machine-to-machine (M2M) transactions. Since its creation, IOTA has continued to develop its technology and expand its use cases in the IoT and broader cryptocurrency space.

The founders of IOTA are David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Sergey Popov. They established the IOTA project in 2015 with the goal of creating a distributed ledger technology specifically designed for the Internet of Things (IoT). Their innovative approach led to the development of the Tangle, a unique data structure based on Directed Acyclic Graph (DAG) technology, which aims to overcome some of the limitations of traditional blockchain systems. This founding team brought together expertise in distributed systems, cryptography, and IoT, laying the groundwork for IOTA's vision of enabling secure, feeless microtransactions between connected devices.

IOTA works through a unique distributed ledger technology called Tangle, which is based on a Directed Acyclic Graph (DAG). Here's how it functions: 1. No blocks or chains: Instead of a linear blockchain, IOTA uses a web-like structure of transactions. 2. Transaction validation: To make a new transaction, users must verify two previous transactions. 3. No miners: This removes the need for miners, making IOTA more scalable and efficient. 4. Feeless transactions: IOTA doesn't charge transaction fees, enabling microtransactions. 5. Parallel processing: Tangle allows for multiple transactions to be processed simultaneously, increasing speed and scalability. 6. Coordinator node: Currently, a special node called the Coordinator issues milestones to confirm transactions, though this will be removed in IOTA 2.0. 7. IoT focus: IOTA is designed for machine-to-machine communication and payments in the Internet of Things ecosystem. As of 2026-02-02, IOTA is ranked 160 with a price of $0.0701 and a 24-hour trading volume of $586.62K.

IOTA uses a unique technical architecture called Tangle, which is based on Directed Acyclic Graph (DAG) technology instead of traditional blockchain. Key features include: 1. No blocks or chains - transactions are linked directly in a web-like structure 2. Parallel processing - multiple transactions can be validated simultaneously 3. No miners or fees - users validate two previous transactions to add their own 4. Scalability - network speed increases with more usage 5. Coordinator node - currently used to ensure network security, to be removed in IOTA 2.0 6. Quantum-resistant cryptography for future-proofing This architecture allows IOTA to achieve fast, feeless microtransactions ideal for IoT devices and machine-to-machine payments. The Tangle structure aims to overcome blockchain limitations like scalability issues and mining centralization.

IOTA's future and roadmap look promising. The IOTA Foundation is focused on developing IOTA 2.0, which aims to remove the coordinator and achieve full decentralization. Key milestones include: - 2027: Launch of IOTA 2.0 mainnet, enabling smart contracts and decentralized applications - 2028: Integration with major IoT platforms and devices - 2031: Widespread adoption in machine-to-machine payments and data exchange The roadmap also includes improvements to scalability, security, and interoperability. With its unique Tangle technology, IOTA is well-positioned to become a leading protocol for the Internet of Things and machine economy. Price predictions suggest potential growth: - 2027: $0.07894 - $0.0938 - 2031: $0.1272 - 2036: -- As of 2026-02-02, IOTA is ranked #160 with a price of $0.0701 and market cap of $298.92M. The project continues to attract partnerships and develop its ecosystem, indicating a bright future ahead.