Transactions are self-validated through IOTA’s underlying technology known as Tangle. IOTA does not require the intervention of miners to validate transactions. It aims to provide an ecosystem that supports further advancements in the IoT field, given that transaction costs, scalability, and other similar issues have been an obstacle to the progress of this technology over the past few years.Ī total of 2.779 billion tokens is the maximum supply for IOTA. The IOTA Foundation is a non-profit organisation. Launched in 2016, the IOTA mainnet was started with $500,000 in funding obtained from seed investors who donated 5% of the IOTA Foundation’s tokens. This network is primarily designed to support the Internet of Things (IoT) by providing a feeless ecosystem through which micro-data can be exchanged and recorded easily and fast. The IOTA token is the cryptocurrency that powers the project’s decentralised ledger. Here we take a closer look at the coin’s technical setup, news and developments, and review the latest IOTA price prediction and analysis. So what should expectations be now for a realistic target price in the near future? Its trend had been bearish with a series of declining spikes since last April when the price was over $2.5. It has surged seveal times since then but with declining peaks and is now heading towards the value it had in June 2017. MIOTA, the token of the decentralised ledger for the Internet of Things, IOTA, has lost the momentum it built up in March, and through April it has lost 35% of its value falling to $0.61 today (28 April).
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