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IOTA (IOT)
N/A (Tangle)
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IOTA Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
IOT IOTA 2.02619 ~22 059 481,10 5 631 856 464,00 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
February 07, 2018

Announcing the IOTA Ecosystem

The pace of innovation and development surrounding the IOTA Distributed Ledger Technology (DLT) continues to accelerate. The time has come to give our growing community a home. Today we are excited to announce the launch of the IOTA Ecosystem!The IOTA Ecosystem will be a platform to house the...

From: John D. Licciardello

February 06, 2018

Welcome Mark Sulavka to the IOTA Foundation

Mark Sulavka is the Managing Partner of Aquilon Holdings and the Co-founder and Chairman of Exascale AI, an artificial neural networks system based on patented limbo-thalamo-cortical algorithms, scheduled for launch in the 3rd quarter of 2018.Mr. Sulavka is also the former Chairman and CEO of...

From: David Sønstebø

February 05, 2018

Privacy is not a currency

If you have been living under a rock for the past 2 years, you may be unaware of the EU General Data Protection Regulation (GDPR), a replacement for the current EU data protection directive. This is of course a very Euro-centric (and yes sorry, a slightly antagonistic) viewpoint, but we hope...

From: Koen Maris

February 04, 2018

Flash Hackathon — Winners Announced

Flash Hackathon — Winners AnnouncedIn September, we announced IOTA Flash Channels. To get a better understanding of their function, check out our introductory post on the protocol: here. But in essence:Flash is a bi-directional off-Tangle payment channel which enables instantaneous,...

From: Lewis Freiberg

February 01, 2018

Welcome Matthew Darnell to the IOTA Foundation

Matthew Darnell is very interested in the Internet-of-Things revolution. He has worked on several projects in the industry, and has been heavily involved in the crypto/Distributed Ledger Technology community since 2013. A big believer in the expanding role of DLTs in the financial and other...

From: David Sønstebø

January 31, 2018

Welcome Alisa Maas to the IOTA Foundation

Alisa Maas graduated in Business Administration and has been active in the fields of mobility, IoT, logistics and fleet management since early 2010, gaining extensive topic expertise with regard to digital business models and product development.In her role as Senior Product and Marketing...

From: David Sønstebø

The Tangle: an Illustrated Introduction

This is the first in a series of beginner level posts, aimed at those who want to learn more about how IOTA works under the hood. We will loosely follow the whitepaper, but go a bit slower and add some pictures to clarify the basic concepts. In this article, we introduce the tangle, explain what...

From: Alon Gal

January 29, 2018

IOTA Trinity Wallet: Next Steps

The Trinity wallet, previously known as the ‘UCL Wallet’, was a project started as a Master’s thesis by University College London student Charlie Varley. The intention was to develop a cross platform mobile application that would serve as an alternative IOTA wallet for the community. At...

From: Lewis Freiberg

January 22, 2018

The Secret to Security — Is Secrecy

In today’s world, security is imperative for maintaining control of your belongings whether physical or virtual. Cyber security is vital to keeping you protected, safeguarding your integrity, and avoiding unwanted data disclosure. IOTA provides robust cyber security measures around data...

From: Koen Maris

Welcome Charlie Varley to the IOTA Foundation

Charlie Varley completed his undergraduate degree in Psychology and Philosophy at the University of Bristol. His chosen areas of study included brain imaging, artificial intelligence and philosophy of mind; showing a clear technical theme. And this persisting interest led him to change his...

From: David Sønstebø

January 16, 2018

IOTA Tel Aviv office is official

In 2018 IOTA is maturing into a truly international open source movement, as we have unveiled, we plan to expand our distributed local offices beyond the three we already have in Berlin, Oslo, and Chicago. Today we are excited to announce our new Tel Aviv office location, launched earlier this...

From: David Sønstebø

January 15, 2018

Welcome Andreas Mikolajewski to the IOTA Foundation

Andreas Mikolajewski kicked off his Software Engineering career at SAP over ten years ago at age 17. While constantly building his experience in various international Engineering roles he pushed his boundaries to work on his master’s degree in Computer Science at KIT, found startups, compete...

From: David Sønstebø

January 13, 2018

Welcome Alon Gal to the IOTA Foundation

Alon Gal is a physicist, developer, and entrepreneur. He obtained his MSc in physics via the AtoSIM Erasmus Mundus program, in the University of Amsterdam, La Sapienza University in Rome, and the ENS in Lyon, focusing on solving molecular-scale physics problems using numerical methods.In his MSc...

From: David Sønstebø

January 12, 2018

Welcome Darcy Gabriel Augusto Camargo Cunha to the IOTA Foundation

A mathematician is always fascinated by a challenge and with Darcy Camargo, it’s no different.Since his early undergraduate days at University of Campinas (UNICAMP) he was always seeking interesting problems, which led him to awards in international math competitions and a perfect score in all...

From: David Sønstebø

January 07, 2018

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 4…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 4 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 3…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 3 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 2…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 2 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 1…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 1 / 4The IOTA Foundation was established in Germany in 2017 to support the development of the IOTA platform and related technologies. The aim of the foundation has always been to operate in a...

From: IOTA Foundation

January 06, 2018

Welcome Koen Maris to the IOTA Foundation

Koen Maris is Chief Technology Officer in the field of cyber security for Atos in the region of the BeNeLux and the Nordics. Together with his team he scouts for new technologies and how to embed them into new services for the organization to serve their customers. He is recognized as a...

From: David Sønstebø

Welcome Clara Shikhelman

Clara Shikhelman has shown interest in mathematics from a young age. Following her passion for the field, she commenced her studies at Tel Aviv University at the age of 14. After serving in the IDF as an R&D team leader in a leading intelligence unit, she resumed her studies. She received...

From: David Sønstebø

January 04, 2018

IOTA partners with ITIC

We’re happy to be able to announce that after getting Joachim Taiber as advisor to the IOTA Foundation, that we’ve now officially partnered with the International Transportation Innovation Center (ITIC), to collaborate with them to work on autonomous vehicle testbeds. The first releases can...

From: Dominik Schiener

Welcome Oliver Mulherin to the IOTA Foundation

Oliver Mulherin is an software developer with experience in the Internet-of-Things(IoT) space. His work has primarily focused on developing industrial solutions using both software and hardware, additionally has experience with artificial intelligence and the simulation of...

From: David Sønstebø

January 01, 2018

2017 in review, 2018 in preview

It would be impossible to list every one of the milestones, significant events or other achievements that took place in the IOTA cosmos this year. However, here is a nonexhaustive cheatsheet of some noteworthy things that transpired in 2017.2017 has been an incredibly eventful year for the IOTA...

From: David Sønstebø

December 31, 2017

Claims and Reclaims: Finalization

BackgroundDuring an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.Once...

From: Dominik Schiener

December 26, 2017

Equilibria in the Tangle: let me try to explain… (part 2)

In our previous post, we explained the importance to find a Nash Equilibrium for the game of attaching transactions to the Tangle. In the paper (Equilibria in the tangle) we proved its existence and showed that, on this point, all the selfish nodes would choose a similar strategy. However, we...

From: Olivia Saa

December 25, 2017

Welcome Jens Munch Lund-Nielsen to the IOTA Foundation

Jens Munch Lund-Nielsen has built a life and career on bringing together different professional fields and sectors, thereby creating new types of partnerships. By carefully and deliberately mixing diverse experts and interests, he has built new ventures and created impactful...

From: David Sønstebø

December 22, 2017

Welcome Max Minchenkov to the IOTA Foundation

Max Minchenkov is an experienced serial entrepreneur who resides in Moscow and is co-founder and owner in a number of companies engaged mainly in the oil & gas, manufacturing and telecom industry.After obtaining a Bachelor Degree in International Relations and Executive Program from INSEAD,...

From: David Sønstebø

IOTA selected by Tokyo Metropolitan Government Program

We are really happy to announce that the IOTA Foundation has been selected by the Tokyo Metropolitan Government to participate in their accelerator program, aimed at helping IOTA get established in Japan and connect with local companies to work together on innovative new solutions for the...

From: Dominik Schiener

December 19, 2017

Welcome Hongquan Jiang to the IOTA Foundation

Hongquan Jiang is a partner at Robert Bosch Venture Capital GmbH (RBVC). As a “deep tech” investor he has led multiple successful investments in the area of IoT, artificial intelligence, augmented reality and Automotive in the last 10 years in Europe, US and China. Hongquan is well connected...

From: David Sønstebø

December 17, 2017

Equilibria in the Tangle: let me try to explain…

Since the early days of IOTA, some questions were raised about the fact that the default tip-selection algorithm is not enforced — that is, there is no way to check if a given node really used the recommended MCMC method for selecting tips, or if it tries to tweak it in some way, in order...

From: Serguei Popov

December 16, 2017

Welcome Edward Greve to the IOTA Foundation

Edward Greve has been a software developer for a number of years, most recently at WillowTree Apps in North Carolina, where he worked on cutting edge digital products for nationally and internationally recognizable brands, such as CBC and National Geographic. His area of expertise is in...

From: David Sønstebø

IOTA’s Data Marketplace: Setting the record straight

With the FOMO-FUD cycle taking its toll on IOTA and us being continuously misrepresented in the media, we wanted to come forth with a public statement clearing up the confusion and miscommunication surrounding the data marketplace that has happened over the past few weeks. We apologize for any...

From: Dominik Schiener

December 08, 2017

Welcome Giorgio E. Mandolfo to the IOTA Foundation

Giorgio E. Mandolfo was born in Milan, Italy. At the age of 18 he started getting interested towards systems and networks and in particular Linux. He kept self-educating himself until the age of 22, when he landed his first job at a small IT firm specialized in networks, firewalls on Debian...

From: David Sønstebø

November 28, 2017

IOTA Data Marketplace

The IOTA Foundation is thrilled to introduce an ambitious project that has been in the making since 2015. The Data Marketplace is IOTA’s most comprehensive pilot study thus far. The goal is to enable a truly decentralized data marketplace to open up the data silos that currently keep data...

From: David Sønstebø

November 25, 2017

Flash Channels Competition & Statistics

Last month we released the Flash Channels demo and more recently the specialised Micro-payments demo. These demos showcased instant streaming of IOTA tokens in a secure, off-tangle state channels. This technology enables special use cases of IOTA which require sub-second token exchanges among...

From: Lewis Freiberg

November 24, 2017

Welcome Tsvi Sabo to the IOTA Foundation

Tsvi Sabo has several years as a software developer, most recently at Ericsson VSPP as cloud-storage developer and a few years as a statistical analyst in a consulting company.With curiosity for technology and mathematics he is constantly seeking to learn more about anything pertaining to these...

From: David Sønstebø

November 23, 2017

IOTA Foundation hires CYBERCRYPT

Ensuring SecuritySecurity is paramount for our epoch of technological omnipresence where autonomous devices and machinery communicate ceaselessly and influence virtually every aspect of our society. The vast majority of devices that permeate this landscape are small sensors and actuators that...

From: David Sønstebø

November 22, 2017

Welcome John Licciardello to the IOTA Foundation

John Licciardello has built a career focused on financial innovation. Following his undergraduate degree, John moved to Mexico City where he played a key role in an early stage financial technology startup. The venture developed and brought to market an innovative and patented product to empower...

From: David Sønstebø

November 19, 2017

Welcome Gal Rogozinski to the IOTA Foundation

Gal Rogozinski grew fond of technologies ever since he was a little boy. Largely thanks to his father who took him to his office to marvel at the state-of-the art machinery of the present time. The father nurtured Gal’s technological aptitude with educational electronic and robotic kits that...

From: David Sønstebø

November 13, 2017

IOTA Foundation

We are thrilled to announce the official launch of the IOTA Foundation as a registered not-for-profit entity (“gemeinnützige Stiftung”) under German law. After more than a year of painstaking preparatory work, the Foundation was officially incorporated in Berlin on November 3rd by signature...

From: David Sønstebø

November 09, 2017

GUI Wallet: Phase Two of the Reclaim process

Two weeks ago we released an update to our GUI wallet so that users could begin with the reclaim process. The reclaim process was necessary for all users whose tokens were moved to an IOTA Foundation owned address as part of precautionary measures.Today, we are releasing a new wallet containing...

From: Dominik Schiener

November 06, 2017

IOTA Simulations: First Preview to the Community

Over the last few months the IOTA Team has been working on a computer simulation framework of the Tangle. The intention of this simulation framework is to first and foremost, generate and examine different Tangle environments under different conditions. These simulations help us to further...

From: Bartosz Kuśmierz

November 04, 2017

Introducing Masked Authenticated Messaging

IOTA is the first distributed ledger architecture that has no transaction fees and is built for ecosystems such as the Internet of Things or Web 3.0; enabling a future in which devices can securely communicate with and autonomously compensate each other.At its core, IOTA uses a gossip protocol...

From: Paul Handy