IOTA 24-Hour Volume Tops $86.04 Million (MIOTA)

IOTA (CURRENCY:MIOTA) traded 2.2% lower against the dollar during the one day period ending at 18:00 PM ET on September 26th. IOTA has a total market cap of $3.35 billion and approximately $86.04 million worth of IOTA was traded on exchanges in the last day. Over the last seven days, IOTA has traded 20.9% lower against the dollar. One IOTA coin can currently be bought for $1.20 or 0.00002764 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

  • VITE (VITE) traded 3.5% lower against the dollar and now trades at $0.0787 or 0.00000181 BTC.
  • Poseidon Network (QQQ) traded down 16% against the dollar and now trades at $0.0155 or 0.00000036 BTC.
  • Obyte (GBYTE) traded up 4% against the dollar and now trades at $25.12 or 0.00057670 BTC.
  • IoT Chain (ITC) traded 10.7% lower against the dollar and now trades at $0.0547 or 0.00000125 BTC.
  • HYCON (HYC) traded down 14.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • TrustNote (TTT) traded down 0% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

IOTA Profile

MIOTA is a Tangle coin that uses the

Directed Acyclic Graph (DAG)

hashing algorithm. Its genesis date was July 17th, 2016. IOTA’s total supply is 2,779,530,283 coins. The Reddit community for IOTA is /r/Iota and the currency’s Github account can be viewed here. IOTA’s official Twitter account is @iotatoken and its Facebook page is accessible here. IOTA’s official message board is forum.iota.org. IOTA’s official website is www.iota.org.

According to CryptoCompare, “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.  The total supply of IOTA is (3^33 – 1) / 2 = 2,779,530,283,277,761 tokens. This value is optimized for ternary computation – it is the largest possible 33-digit ternary number: 111,111,111,111,111,111,111,111,111,111,111 (base-3) = 2,779,530,283,277,761 (base-10) The total IOTA token supply was “minted” on the genesis transaction and will never change. It is now impossible for anyone to “mint” or “mine” new IOTA tokens. IOTA uses the International System of Units (or SI units): “

IOTA Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as IOTA directly using US dollars. Investors seeking to acquire IOTA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase IOTA using one of the exchanges listed above.

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