IOTA is a German designed network with the next-generation distributed ledger and an associated cryptocurrency known as MIOTA. This virtual currency specifically focuses on the Internet of Things (IoT). It was developed targeting the machine to machine payments and communications. Hence, it provides real-time, secure transactions between machines. It aims at being the dominant g0-to currency for all IoT transactions.
IOTA is based on the new technology called Tangle, which is a new data structure based on a Directed Acyclic Graph (DAG). This advanced technology does not have blocks, no chains, and no miners. Without the blockchain architecture, IOTA is built in very different distributed ledger architecture. It achieves by verifying and approving 2 past transactions.
MIOTA coins are being traded at 0.353101 USD on April 10 at 14:54 UTC for its relative MCap trading at USD 981,454,935. Based on these stats, IOTA is the 15th largest currency in the crypto market. This is also evaluated based on the circulating supply of 2,779,530,283 MIOTA coins and its corresponding 24h volume of $12,603,042. Coinmarketcap assesses the approximate return on investment (ROI) for this cryptocurrency to be -44.67%. The negative percentile indicates the deterioration in values from the values during investment.