IOTA (MIOTA) Price
MIOTA
$0.223623
Market cap
725,031,194.0
Total volume
17,319,614
Circulating supply
3,248,643,038
Total supply
4,600,000,000
Apart from its innovativeness, IOTA is crafted as a digital currency void of any transaction charges, eliminating the need for miners to validate operations. Nevertheless, it incorporates a modest requirement for computational effort to enact a transaction, rendering it ideally suited for the automated exchanges and communications inherent to the IoT landscape. IOTA's mission is to vanquish the pivotal challenges besieging blockchain technology. Principal among these is the conundrum where an expanding blockchain, akin to that of Bitcoin, becomes gradually cumbersome, costly, and limited in transactional throughput. There's also the dilemma of blockchain bloat, where continuous block additions enlarge the chain to lengths that challenge computational mining feasibility. Presently, the blockchains of BTC and ETH stretch beyond 150GB, a tenfold increase in size could severely restrict mining capabilities to a select few, thereby ushering in an era of centralization (evidenced by the dominant Bitcoin mining collectives controlling upwards of 56% of the network’s hashing power).
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