IOTA (IOT) had a bad 24 hours as the crypto declined $-0.00320000000000004 or -1.16% trading at $0.2724. According to Top Crypto Analysts, IOTA (IOT) eyes $0.29964 target on the road to $0.788730274062851. IOT last traded at Bitfinex exchange. It had high of $0.2805 and low of $0.2692 for February 13-14. The open was $0.2756. About 3.47 million IOT worth $950,650 traded hands.
IOTA (IOT) is down -9.32% in the last 30 days from $0.3004 per coin. Its down -47.48% in the last 100 days since when traded at $0.5187 and the annual trend is down. 200 days ago IOT traded at $1.01. IOT has 2.78B coins mined giving it $757.14M market cap. IOTA maximum coins available are 2.78 billion. IOT uses algorithm and Tangle proof type. It was started on 17/07/2016.
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.
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