• IOTA was created in 2015 & launched on 13th June, 2017.
• IOTA was co-founded by David Sønstebø, Dominik Schiener, Ralf Rottmann, Sergey Ivancheglo
• MIOTA All time high price is $5.37
• IOTA works on Proof of Stake protocol & DAG algorithm.
The IOTA (MIOTA) cryptocurrency is one aspect of the larger IOTA platform. IOTA hopes to provide a foundation for digital transactions to occur throughout the Internet-of-Things. The IOTA cryptocurrency is intended to serve as a universal method of payment for the future of machine-to-machine transactions that happen on the IOTA network.
Key features that sets IOTA apart from other coins are: Potential for unlimited transactions per second, The Tangle technology that makes IOTA immune to quantum computing hacks & Zero fee transactions making IOTA an effective way of moving funds.
Tangle technology has the usual blockchain features of distributed ledger and secure transactions, but it does not work with blocks. Tangle is a particular kind of directed graph that holds transactions. Instead of blocks, Tangle uses Directed Acyclic Graph (DAG).