IOTA
IOTA is a feeless, lightweight cryptocurrency designed for the Internet of Things (IoT), using a directed acyclic graph (DAG) called the Tangle. It enables microtransactions between devices without miners or transaction fees. IOTA focuses on real-world applications like smart cities and supply chain tracking. Investors see its unique structure as a scalable alternative to traditional blockchains.
| IOTA | |
|---|---|
| Available on Coinbase (2024)? | No |
| Creator(s) | David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov |
| Start year | 2015 |
| Decentralized score (out of 5) | 3/5: Shared Control |
| Influences or central authority | Coordinators |
| Can be mined? | No |
| New issuance method | None |
| Maximum supply (in millions) | 2780 |
| Percentage already issued (2024) | 100% |
| Key functions (other than transactions) | IoT applications, data transfer, smart contracts |
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