Just saw this one pop up last night into the top ten. It’s new and claims to have eliminated the blockchain, and eliminated fees. Supposedly designed to be used by the Internet Of Things
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It currently doesn’t make sense for most IoT devices. It looks like it is GUI based, and requires java.
The downside is that this makes it impossible to run IOTA on smaller IoT devices right now
I don’t know what their timeline for changes is, but interesting they claim to have eliminated transaction fees via this new “tangle” thing they’ve come up with.
They say a couple of weeks. I look into it a couple weeks ago, but decided to wait until a lighter weight client is available, and more documentation, before installing it.
I didn’t read the white paper yet.
I kinda looked at this one. I passed on it without much research beyond their own website. Just looks like fluff to me, but I thought Dash would prevent a good Zcash market. I was clearly wrong. I hope Sovryn Tech breaks this one down. He hates iot.
I don’t care about IOT, but I can see how it could be a thing, whether I care about it or not.
IoT is already a thing. Mostly it is just a marketing term for what has been going on for a while.
Experts estimate that the IoT will consist of about 30 billion objects by 2020.
The big change for me came with the release of the ESP8266, a micro controller with a full TCP/IP stack that only cost a few dollars.
I won’t have a lot of interest in IOTA for IoT until it can be implemented on a ESP8266.
I may try IOTA on a Raspberry Pi in a Donkey Kong cabinet. I tried to mod it so it could take bitcoin a few years ago, but at the time transaction fee for $0.25 was 100%, so it was almost $0.50 to play a game, and confirmation time was also an issue. Confirmation need to happen in a few seconds for the vending machine type use case.
Looks like IOTA lost over $800,000,000 in market cap since June 13.
Current IOTA market cap is $925,000,000.
IOTA market cap was 1,774,740,000 on June 13, the first entry I find here.
The valuation seems crazy high. I guess that is because all tokens have been mined already, so you multiply tokens(2,779,530,283) times price($0.33) to get the valuation($925,141,639). Seems like it will continue to go down.
As I understand it, each token represents one million IOTA. They are MIOTA being traded online right now.
So that’s actually 2,779,530,283,000,000 IOTA that’s out there.
Circulating/Maximum Supply
2,779,530,283 MIOTA
Correct, 2,779,530,283 MIOTA
x 1,000,000 for the number of IOTA
It’s even more “dust” than DOGE
What is the total supply of IOTA?
The total supply of IOTA is (3^33-1) / 2, which equals to a total number of IOTA’s of 2779530283277761. IOTA is specifically designed for machines, so this high supply makes IOTA optimal for tiny nanotransactions while still keeping efficiency in mind. It also nicely fits into the MAX_SAFE_INTEGER value in Javascript.
Lots of downward movement yesterday.
$0.206856 (-27.20%)
0.00008828 BTC (-21.95%)
Market Cap
$574,962,516
245,370 BTC
Volume (24h)
$8,667,080
Some guy happened to call FTL about it yesterday.
$60k…ouch. Like you said, it might be a good time to buy now.
But OMG, you believe you were circumcised at 10-12 years old… new thread needed.
Another painful day for IOTA.
$0.169430 (-18.84%)
0.00007739 BTC (-13.25%)
Market Cap
$470,935,816
215,094 BTC
Volume (24h)
$3,151,530
1,439 BTC