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IOTA (IOT)
N/A (Tangle)
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Name Starts
Optimal Shelf Availability Token (OSA) 2 days
Daily Volume 7 795,31 Hour trend -0.4 Daily Trend -5.84 Week Trend 8.67
IOTA Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
IOT IOTA 1.06715 ~53 491 449,19 2 966 175 742,00 2,779,530,283 (100%) 2,779,530,283

Project Description

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. 

Project Features

Micro transactions

For the first time ever true micro and even nano-transactions are enabled due to the unique IOTA Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web. This nurtures brand new business opportunities for companies that prohibitive fees has kept in the realm of the impossible until now.

Data transfer

Core feature of IOTA is the ability to transfer data through the Tangle. IOTA gives you several options to do so, making it possible to establish secure and authenticated communication channels between devices. All data which is transferred through IOTA is fully authenticated and tamper-proof - making attacks impossible.

Voting

Although IOTA is uniquely suited for the Internet-of-Things, the Tangle enables a variety of different use cases that involve secure data transmission, especially for eGovernance. An important part of this sector is e-Voting. The exploration into this field of use-cases has already begun by several companies and academics.

Masked messaging

As the first extensible module of the IOTA core, MAM enables nodes to exchange data through the Tangle, fully authenticated and encrypted. This means that your devices can transmit valuable and sensitive data with quantum-proof security through the Tangle, ready to be analyzed later. MAM makes it possible to share data with multiple parties easily, similar to a radio, multiple parties can simply tune in on your frequency and get the broadcast data.

 Leasing anything with a Chip

While the whole world has adopted the ‘Sharing Economy’ in areas like driving and accommodation, IOTA enables a whole new realm where anything with a chip in it can be leased in real time. Most of our belongings stay idle for the vast majority of time that we possess ownership of it, but through IOTA a lot of these things like Appliances, Tools, Drones, eBikes etc. and resources such as computer storage, computational power, WiFi bandwidth etc. can be turned into leasing-services effortlessly.

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IOTA Latest Updates
July 18, 2018

IOTA Summer Summit 2018

The team, well part of it, the rest was working on pressing tasks.In the serene surroundings of Norway’s Oslofjord the IOTA Foundation had its first official summit.IOTA SumSum Summary 2018IOTA is well known for both doing things differently and pushing the boundaries from a technological...

From: David Sønstebø

July 09, 2018

[email protected] in Munich 20.-22. July 2018

Co-HACK & Co-DISRUPT to create a new permissionless mobility ecosystem!Berlin, Germany July 9th 2018The transportation and automotive industries are poised for a major transformation in the coming years. Technological advances in electric vehicles, batteries, artificial and geospatial...

From: Alisa Maas

The July 9, 2018 IOTA Snapshot

Next Snapshot: July 9, 2018 @ 08:00 UTCNetwork Restart: July 9, 2018 @ 15:00 UTCAs you probably already know, we are performing global snapshots of the IOTA network on a more or less regular basis. The main motivation for global snapshots is to prune the database and allow smaller nodes to keep...

From: Jakub Cech

July 07, 2018

Green light from the EU Commission for IOTA and the European smart city consortium +CityxChange

On 6 July 2018, the +CityxChange proposal was formally invited by the European Commission to become a new smart city lighthouse project, under the “Smart Cities and Communities” call of the EU research and innovation programme Horizon 2020. The proposal was given excellent comments and...

From: Wilfried Pimenta

Trinity wallet — Summer Update

Trinity MobileTrinity Mobile is currently in public beta, with over 20,000 users worldwide. It is available to download here.Recent ReviewApproaching a more or less bug-free app, the Trinity Mobile team has had more time to explore new features, revisit existing ones and refine general...

From: Charlie Varley

July 04, 2018

Qubic status update July 3rd 2018

Hi everyone, here is the first of the promised status updates about the Qubic project. Our goal is to send out a status update on the 3rd of every month.Last month was a milestone to us because we were finally able to unveil what this mysterious Q project was that had been hinted at for so...

From: Eric Hop

July 02, 2018

Welcome Klaus Schaaf to the IOTA Foundation

Dr. Klaus Schaaf has been with Volkswagen AG for almost 30 years, mostly in research areas and promoting edge technologies. Most recently Klaus has worked in Volkswagen Group Digitalisation, founded by IOTA supervisory board member Johann Jungwirth, on new products and services. One of the areas...

From: David Sønstebø

June 29, 2018

Welcome Mark Schmidt to the IOTA Foundation

Mark Schmidt is a cryptocurrency enthusiast and entrepreneur. He studied Business Administration at the University of Hamburg and founded several startups — ranging from on demand parceling services, affiliate websites, to developing mobile applications. While still in his teens, he...

From: David Sønstebø

On the Tangle, White Papers, Proofs, Airplanes, and Local Modifiers

With the research, development and ecosystem around the IOTA project really beginning to flourish, and with nearly three years having past since it was first announced to the world, I thought it would be a good time to reflect back on how we got here. This blog post aims to shed some more light...

From: Serguei Popov

June 22, 2018

IOTA and SinoPac team up to collaborate on digital innovations in the financial sector

SinoPac and the IOTA Foundation signed a Memorandum of Understanding coming into effect immediately. The two parties will collaborate [1] on exploring the new digital innovation landscape made possible by the IOTA Tangle technology.SinoPac is one of the largest Taiwan-based financial holding...

From: Holger Köther

June 21, 2018

New tip selection algorithm in IRI 1.5.0

IRI 1.5.0 — New tip selection algorithm and other improvementsWe are constantly working on improving the IOTA reference implementation (IRI) and moving it closer to the IOTA white paper. This requires a lot of planning, research, development, and testing of any changes we make. The IRI...

From: Jakub Cech

June 18, 2018

Welcome Holger Köther to the IOTA Foundation

Holger Köther is a global Senior Director, Program Manager and IT enthusiast, who has worked over the last 17 years at the multinational corporate IT organizations Siemens and Atos.Since childhood, he always has had a keen interest in hardware, software and programming. Developing his IT...

From: David Sønstebø

June 16, 2018

What’s Next: Current IOTA R&D Projects

We’ve been working very hard the last few months to organize ourselves and our teams, and today I’d like to share a little bit of insight into how this all translates into our Research & Engineering plans for the coming months.First things first— this post is meant only to give some...

From: Edward Greve

June 14, 2018

Welcome Fahad Sheikh to the IOTA Foundation

Fahad Sheikh is currently working as a consultant with a Fortune 500 client based in Cupertino and has a Bachelor of Science in Biology from the University of Washington. His interests and work involve defining and improving processes to increase operational efficiency and enhance customer...

From: David Sønstebø

June 01, 2018

Nordic Semiconductor and NTNU in Norway explore IOTA and the Data Marketplace

The IOTA Data Marketplace initiative was launched in Q4 2017 as a joint Proof of Concept (PoC) and open innovation ecosystem. The platform simulates future data exchange and data trading by enabling connected devices to be paid via zero-fee micropayments for data they share securely in real-time...

From: Wilfried Pimenta

Trinity: Threat Modelling Mitigation Report

The Trinity threat modelling report (available here) produced by Cybersecurity Lab at COMSATS University Islamabad, outlines several important threats. In the interest of full transparency, this article outlines the mitigation efforts that the Trinity team have undertaken, to provide the utmost...

From: Navin Ramachandran

May 31, 2018

DNB teams up with IOTA to explore the Economy of Things and MyData / ‘GDPR as an opportunity’

DNB ASA and the IOTA Foundation signed a cooperation agreement to drive open innovation and co-creation in the space of citizen centric innovation, machine economy and decentralised data marketplacesOslo, Norway, May 2018 — DNB and the IOTA Foundation (IOTA) signed a Memorandum of...

From: Wilfried Pimenta

May 30, 2018

Welcome Mathew Yarger to the IOTA Foundation

Mathew Yarger is a Cyber Security expert, DoD Certified Forensic Examiner, Certified Ethical Hacker, and experienced Project Manager with National and International scaled projects. Mathew has a diverse Computer Science and Network Security background, and has been getting increasingly involved...

From: David Sønstebø

May 29, 2018

Trinity Mobile Beta Release

The IOTA Foundation is proud to announce the beta release of the Trinity Mobile wallet app.Trinity is the new user-friendly wallet from the IOTA Foundation. A wallet born of the community, earnestly championed by the community, and finally taken under the Foundation’s wing. We hope you all...

From: Navin Ramachandran

May 26, 2018

Welcome Richard Soley to the IOTA Foundation

Dr. Richard Mark Soley is Chairman and Chief Executive Officer of OMG ®, Executive Director of the Cloud Standards Customer Council, and Executive Director of the Industrial Internet Consortium.As Chairman and CEO of OMG, Dr. Soley is responsible for the vision and direction of the world’s...

From: David Sønstebø

May 23, 2018

Welcome Jakub Cech to the IOTA Foundation

Jakub Cech is a product manager and software engineer, whose areas of interest are in learning algorithms, distributed systems programming, programming for parallel computing platforms, and cloud microservices. Jakub studied Artificial intelligence programming at the Faculty of Informatics,...

From: David Sønstebø

First of the New Testnets Live

No problem, let me send you a few GIOTA to play with. — G. MandolfoThe Testnet: A Brief HistoryUnfortunately, those aren’t real IOTA. As some of you who follow Discord rather closely may know, the IOTA Foundation operates a separate Tangle we call simply “the testnet”. Indeed, the...

From: Edward Greve

May 22, 2018

UNOPS and IOTA collaborate to bring transparency and efficiency to UN work

A Memorandum of Understanding was signed in New York and Berlin.The two organizations have partnered to explore how IOTA’s innovative technology — which provides an open-source distributed ledger for data management — can increase the efficiency of UNOPS operations.“We share a...

From: Julie Maupin

Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io

Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io will enable smart sensors and secure telemetry data in global supply chainsKontakt.io, a leading IoT (Internet of Things) location platform provider and the IOTA Foundation, will collaborate to integrate IOTA’s next generation...

From: David Sønstebø

May 20, 2018

SSL/TLS for IRI: Using HTTPS with the Upcoming Trinity Wallet

With the Trinity mobile beta approaching, it is important that node owners are suitably prepared. Mobile app stores require that all data traffic is encrypted with SSL/TLS. If you’re not sure what SSL and TLS do, here’s a quick video to...

From: Rajiv Shah

May 16, 2018

Welcome Dyrell Chapman to the IOTA Foundation

Dyrell Chapman is an Architectural Technologist and technology enthusiast currently working as the Chief Enterprise Architect at Geometric Energy Corporation. As a co-founder of the company he has been involved in the research and development of numerous projects. He graduated from his program...

From: David Sønstebø

May 15, 2018

Welcome Andrea Villa to the IOTA Foundation

Andrea Villa is a self-taught computer hacker, devops and entrepreneur, with 15 years experience in the field of system administration, information security and networks. Passionate about Linux kernel hacking since a young age, during his MSc in Networks and Operating Systems, he hacked the...

From: David Sønstebø

May 10, 2018

Welcome Michael Nilles to the IOTA Foundation

Michael Nilles is executive member of the Board of Directors and Chief Digital Officer (CDO) for Schindler. Michael also serves on the Supervisory Board of Deutsche Lufthansa AG.Michael brings more than 20 years of experience spearheading digital innovation and large-scale digital...

From: David Sønstebø

May 09, 2018

IOTA Research — Simulations

The IOTA Research team works intensively on the technology behind IOTA. We analyze the Tangle DLT (distributed ledger technology) using both analytical tools and numerical simulations. Recently, IOTA Researcher, Alon Gal, published a blog post about confirmation rates in the Tangle where he...

From: Bartosz Kuśmierz

IOTA Reclaim Identification Verification Process

An important update to our community and partnersBackground on the reclaim process — the bundle bugAs most members of the IOTA Community know, in October of 2017 a bug was found in the early normalization code for IOTA transaction signature bundles. The details are highly technical, but...

From: Ralf Rottmann

May 08, 2018

Welcome Andrew Greve to the IOTA Foundation

Andrew Greve is currently finishing his Ph.D. in Political Science at Rutgers University. He is an avid technophile, and has a strong interest in the intersection of governance and technology. Andrew holds degrees in History and Asia-Pacific Studies from Rowan University and NSYSU, respectively....

From: David Sønstebø

May 03, 2018

Blockchaingers 2018 — Boosting Co-Creation with IOTA

As the Internet-of-Things expands, IOTA unveils a new digital Blue Ocean best explored via co-creation. As illustrated recently by breakthrough innovation delivered by Enexis and ElaadNL with the creation of the world’s first IOTA Smart Charging Station, smart innovation often happens where...

From: Wilfried Pimenta

May 02, 2018

IOTA joins the Mobility Open Blockchain Initiative (MOBI)

IOTA Foundation Joins Leading Organizations in Consortium to Explore Distributed Ledger Technology for New Mobility EcosystemIOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW, Ford, General Motors, ZF, and other mobility and Distributed Ledger Technology (DLT) leaders to form a new...

From: Wilfried Pimenta

April 28, 2018

The April 29, 2018 IOTA Snapshot and IRI 1.4.2.4: Behind the Scenes

Snapshots are described briefly in our FAQ, but the IRI team wanted to take this snapshot as an opportunity to explain in more detail exactly how the process works, and how our node operating community can help. For an excellent overview of how to prepare and update for snapshots as an IOTA...

From: Edward Greve

April 20, 2018

IOTA Partners with InnoEnergy on Smart Energy Community

IOTA, InnoEnergy together with ÖBO and ElaadNL team up to demonstrate the IOTA Tangle on a smart community testbed to explore new business model for e-mobility and smart community energy marketsBerlin, Germany, April 2018 — The IOTA Foundation (IOTA) and InnoEnergy Scandinavia...

From: Wilfried Pimenta

Welcome Umair Sarfraz to the IOTA Foundation

Umair Sarfraz is a software developer with experience in web technologies and a deep interest in distributed systems, software architecture and cloud security.Umair holds degrees in Software Engineering and International Relations. In his pursuit for a Masters degree in Information Security from...

From: David Sønstebø

April 19, 2018

World’s first IOTA Smart Charging Station

On Wednesday the 18th of April ElaadNL released the first charging station in the world where charging and paying can be done with IOTA, in a machine 2 machine way. The charger is part of the new ElaadNL test site. The test site is located in business park Arnhems Buiten (former KEMA site) and...

From: Harm van den Brink

April 16, 2018

Welcome Eric Hop to the IOTA Foundation

Eric Hop obtained his BSc. in Computer Science at HIO in Eindhoven (Netherlands) in 1984. His initial love for electronics turned into a passion for computers the moment he encountered them at the university computer center. Eric has been a Software Engineer ever since, racking up 38 years of...

From: David Sønstebø

Confirmation rates in the Tangle

The IOTA consensus mechanism is based on a weighted random walk. Using this tip selection mechanism, large branches of the Tangle become larger and smaller ones become smaller, until they get abandoned. The intuition is quite similar to blockchains: while a blockchain builds upon the longest...

From: Alon Gal

April 15, 2018

Welcome Jan Pauseback to the IOTA Foundation

Jan Pauseback has spent most of his working life in the mobility space. He started out with a Bachelor’s degree in Business and Information Technology from University of Applied Sciences Wedel.His professional career began at mytaxi, where he was part of the very beginnings of the most...

From: David Sønstebø

April 09, 2018

Welcome Rolf Werner to the IOTA Foundation

Dr. Rolf Werner is Head of Central Europe at Fujitsu. In this role he manages the company’s business in Germany, Austria and Switzerland.He is also Chairman of the Managing Board of Fujitsu Technology Solutions GmbH. Working from Munich, Werner is responsible for one ofthe most important...

From: David Sønstebø

April 01, 2018

Welcome Emmanuel Merali to the IOTA Foundation

Emmanuel Merali obtained his MSc in System Design at the University of Manchester where he defended his thesis on a cross compiler between 8051 and ARM processor. He is a passionate technophile and long time believer in the IoT vision. Emmanuel built his 20 plus years of professional experience...

From: David Sønstebø

March 29, 2018

Trinity Desktop Alpha

Dear IOTA Community,A week ago we released a long-awaited update to the Trinity development schedule. There we suggested that the alpha of the desktop application could be released within 2 weeks (6 days from now, if we want to be pedantic).We also promised increased transparency regarding...

From: Navin Ramachandran

March 21, 2018

Trinity Wallet — March Update

“When Trinity???”Regular visitors to the IOTA Discord will be well-accustomed to this phrase.Trinity is the long-awaited user-friendly IOTA wallet that has been in development for the last few months. What started life as a little glint in my eye — okay okay, Charlie Varley may have...

From: Navin Ramachandran

March 20, 2018

Welcome Madjid Nakhjiri to the IOTA Foundation

Madjid Nakhjiri has the responsibility for end to end roadmap, architecture, as well as future technology solutions for Samsung ARTIK platform security. Madjid is also a member of executive board for IOT security foundation. Prior to Samsung, he initiated and led Security Engineering team for...

From: David Sønstebø

March 17, 2018

Welcome Gur Huberman to the IOTA Foundation

Gur Huberman is the Robert G. Kirby Professor of Behavioral Finance at Columbia Business School where he has taught since 1989. Prior to that, he taught at Tel Aviv University and at the University of Chicago. Between 1993 and 1995 he was Vice President at JP Morgan Investment Management...

From: David Sønstebø

March 16, 2018

Welcome Alexey Sobolev to the IOTA Foundation

Alexey Sobolev is an enthusiastic software engineer with 9 years of experience in development of complex IT systems with a strong focus on front end development. He has been active in the fields of eCommerce, mobile application development, and large enterprise software systems since early 2009,...

From: David Sønstebø

March 12, 2018

Welcome Harm van den Brink to the IOTA Foundation

Harm van den Brink is an entrepreneur and always looking for practical and useful implementations of new and disruptive ideas. He has a master’s degree in Information Science from the Radboud University Nijmegen and has a professional background in energy, e-mobility and cybersecurity. In the...

From: David Sønstebø

March 09, 2018

Welcome Ralf Rottmann to the IOTA Foundation

Ralf Rottmann is a serial entrepreneur who sold his last company to Alcatel-Lucent and now serves as the Managing Partner at grandcentrix which he co-founded.Incorporated in 2009, grandcentrix has become Germany’s largest system integrator focussing entirely on large scale Internet of Things...

From: David Sønstebø

February 28, 2018

Relaunching the PoWbox!

We are happy to announce that the new and improved IOTA PoWbox (previously: IOTA Sandbox) is ready for use!About the PoWboxThe IOTA PoWbox (Proof of Work box) is a service provided by the IOTA Foundation that enables developers to offload PoW to an optimized remote service, thus speeding up...

From: Edward Greve