IOTA Price (IOTA)

IOTA stands for "Internet of Things Application." It's all about pushing the boundaries of IoT and using its native token, MIOTA, to make it happen.

MIOTA is the main crypto for the IOTA blockchain. It's used to help devices communicate on the network and scale things up so the whole system can interact more smoothly and efficiently.

IOTA uses a special system called TANGLE for consensus. Instead of relying on traditional PoS or PoW, it lets IoT devices confirm transactions by checking not just the current one but also the two previous ones. This makes the network super secure and scalable, unlike Bitcoin’s model. Every new transaction helps verify earlier ones, adding extra layers of trust and security.

IOTA was co-founded by Sergey Ivancheglo, Serguei Popov, David Sonstebo, and Dominik Schiener. They started the IOTA Foundation before the token launch in 2015.

There are exactly 2,779,530,283 MIOTA tokens, and that’s the total supply. All of them are already out there.

IOTA is built to be a decentralized ledger for the IoT, helping devices communicate and share info, even with cross-chain payments. Unlike most cryptos, it’s all about making the IoT work smoothly. The IOTA Foundation, based in Germany, teamed up with big names like Bosch and Volkswagen to push this B2B model forward. It’s not just about crypto—it’s about businesses using it to monetize IoT data streams. That’s what sets IOTA apart from other blockchain projects.

You can grab MIOTA directly on EXMON using a debit or credit card. It’s also available for trading against other cryptos on the EXMON exchange. The price updates live, so you’ll always know what’s up. For easy steps, just head to EXMON’s “How to Buy IOTA (MIOTA)” page.