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Name Price Supply Volume Market Cap
2,779,530,283.28 MIOTA


Proof of Stake (POS). They call it “the tangle”. A tangle-based cryptocurrency works in the following way; Instead of the global blockchain, there is a DAG that they call the tangle. The transactions issued by nodes constitute the site set of the tangle graph, which is the ledger for storing transactions. More details in Background section.

Bitfinex MIOTA/USD $27,778,500 33%
Binance IOTA/BTC $19,990,900 24%
OKEx IOTA/BTC $8,162,940 10%
IOTA is not based on blockchain technology but on a system of nodes they call the “Tangle”. This means that, theoretically, IOTA has no transaction fees and has no limit to the number of transactions per second. Micropayments and IoT (Internet of Things) need to have fast, zero or near zero cost transactions and immutable structure. The purpose of IOTA is to provide exactly that.
IOTA envisions the world where IOTA network is the backbone of the “Internet of Things”. Internet of Things is said to be the next step for internet, which makes the target market for IOTA: everyone. More accurately, everyone who uses internet to pay or be paid.
Litecoin(LTC), Cardano(ADA), Ethereum(ETH)



Whitepaper Summary
IOTA’s whitepaper is fully aligned with the style of 2015 whitepapers, meaning that it is mostly technical. IOTA’s whitepaper, does however, more accurately aim to soften this language with witty remarks and personal language. Those remarks are used to divide the whitepaper into a story about IOTA’s purpose and technological approach to that purpose.
Problem Solved
The importance of micropayments will increase in the rapidly developing IoT industry and paying a fee that is larger than the amount of the value being transferred is not logical. Furthermore, it is not easy to get rid of fees in the blockchain infrastructure since they serve as an incentive for the creators of blocks. IOTA aims to allow smaller transactions to be made, in quick time, with proportionate transaction fees.
Competitive Edge
IOTA is not only different from its competitors, it is also different from all blockchains because it is not a blockchain based technology. It uses some of the principles but works on its own. Currently, the main issue with all cryptocurrencies is scalability (how many transactions per second can it process). To have a global system of micro and nano-payments, that system has to be fast and very low cost. IOTA is, reportedly, as fast as current card payments and with zero costs in transaction fees. That problem is already solved the for current state of blockchain technology.
Development Roadmap

IOTA does not give dates for their roadmap but provides status updates for existing and new developments. Short overview is here, for more information source link is in the “Reference & Links” section.

Core Client Development

The IOTA Reference Implementation.
Status: Done, stress test soon

Continuation of core development in this language.
Status: In Early port stage

IoT language adoption.
Status: Early development

Similar to Rust .
Status: Early development

Alternative Clients

Light Client
Resource restricted edge devices act as a full node.
Status: Completed

Swarm Client
Cluster of devices efficiently make transactions.
Status: Research / Preliminary stage

New Features

Improved Networking
Fluidly switch between different networking protocols while still being connected to the peer to peer network.
Status: Active Research

Automated Snapshotting
Keeping the ledger database that devices have to keep very small in size.
Status: Active development and testing

Iota eXtenson Interface (IXI) Modules

Identity of Things
Each device its own identity with different attributes.
Status: At the present we are in the preliminary stages of researching and conducting ideation with developers and leading Industry and IoT actors on how such an identity system is to be comprised. It is vital that IDoT becomes a standard, as such input from as many as possible is a necessity. One thing is clear however: IOTA’s ledger will serve the role of ensuring that the device’s attributes and reputation is tamper-proof.

Full raw data of the ledger is kept and accessible permanently.
Status: Alpha Testing

Flash Network
Payment channels serve a role for use-cases which require very rapid high throughput of transactions.
Status: Mid-stage Development

Masked Authenticated Messaging (MAM)
MAM makes it possible for sensors and other devices to encrypt entire data streams and securely anchor those into the IOTA Tangle in a quantum proof fashion.
Status: Beta Testing

Private Transactions
Just like MAM is providing security and privacy for data sharing, Private Transactions is there for transactional privacy.
Status: Early Development

Outside data feed, such as timestamps, into the IOTA network.
Status: Advanced Development

Tools & Libraries

JavaScript Library
Use of IOTA for NodeJS and Browser applications.
Status: Done

Python Library
Awaiting for Multi-signature support to be fully tested.
Completed, with further improvements soon

Java Library
For use by the Android mobile wallet.
Status: Completed

C# Library-
Implementation of API functionality from Java-script library.
Status: Completed, multi-signatures soon

Go Library
Used by IOTA Sandbox developer environment.
Status: In Development

Ecosystem Projects

Stress Testing
Show casing the capabilities of the IOTA Tangle ledger.
Status: Planning and Preparation

Public Simulations
Simulation framework in Python to simulate cluster and network settings, transaction propagation, etc.
Status: Largely completed, awaiting peer review

Empowering developers means reducing the entry barrier, which our Sandbox is taking care of.
Status: Re-launch mid-April

Central repository of all the relevant developer tutorials, code snippets and resources.


IOTA Raised $434,000 USD during their ICO which started on November 24th until December 20th 2015. Despite $434K USD looking like a small amount by today’s standards, this was an impressive achievement during that era of ICO fund raising.
All 2,779,530,283,277,761 Iota or roughly 2,800,000 Gigaiota (Gi) have existed since the very beginning. All tokens were sold to investors in an ICO. No tokens were kept by the developers, instead the developers used the collected Bitcoin to finance themselves and the technology.
On November 27th 2015, around 48% of all Iota was claimed by their owners. By the 4th of February, an additional 12% of Iota was claimed for a total of 60%. The number of addresses with a positive balance increased from 472 to 657 (+39%) and the number of addresses with more than 1 Gi increased from 334 to 494 (+48%). The time to claim IOTA ran out before the recent snapshot, so now all tokens are issued — with all unclaimed tokens now left to the developers. It is not known how much remained unclaimed, but a good guess could be to add the top two addresses, which are known to belong to the foundation/the developers. This would be 406,834Gi or around 14.6% of total supply.
November 24th until December 20th 2015


Creators / Founders

Iota Founder
David is a serial entrepreneur with a passion for any kind of technology that can push human progress forward. He is heavily involved in Internet-of-Things, distributed ledger/blockchain/tangle technologies, Smart Cities, Digital identity, eGovernance and innovative hardware design, and the founder of IOTA.

Iota Founder
Also known as the Come-From-Beyond. Founder and CEO of IOTA token and Jinn.
Lead developer of NXT and early adopter of Bitcoin.

Iota Founder
Passionate and aspiring entrepreneur. Currently working on several projects that make use of the Blockchain and Smart Contract to create new and socially impactful applications. Specifically interested in new Governance solutions that make use of both, collective intelligence and new technologies to create more efficient, cheaper and transparent systems.

Iota Founder
Serguei is the author of the IOTA whitepaper.
Ph.D. in math (1997, Moscow State University)
Currently a full professor (MS-6) at the IMECC-UNICAMP, Campinas, Brazil.

Core Development Team

Core Developer
He is a programmer and electrical engineer with great passion for security and cryptography.
After several years in the semiconductor industry, most recently at Intel, Alon devotes his time to the study of distributed, decentralized systems & digital cash alternatives; bringing large scale problem-solving skills to software implementations.
Skilled in Python, Computer Science, and C++, he joins the IOTA core development team to push IOTA even further.

Core Developer
His IT career started in the banking industry where he was engaged in planning, sizing and testing the future system and network architecture. Later he became partner in a medium-sized company that developed software and devices for access control, biometric identification and the integration of advanced unified messaging systems.
With good knowledge in C, C++, Java and Javascript he is very well prepared to review and test the IOTA core software and artifacts. He has profound experience in data communication and cloud computing.

Core Developer
Paul Handy is deeply interested in the science of things, he has been involved in a number of interesting projects ranging from industrial equipment and scientific instruments to microfluidic stereolithography to learning systems, control systems, and more.

He holds a Bachelor’s of Science degree in Electrical Engineering, was introduced to blockchain and cryptocurrencies starting in early 2013 with Bitcoin and Litecoin and has followed IOTA since the publishing of the whitepaper in 2015. Paul is passionate about electronics, physics, mathematics, cryptography, and peer-to-peer networks.

Notable Advisors
The most important members of the Foundation are David Sønstebø (IOTA founder), Dominik Schiener, Serguei Popov (Mthcl) and Sergey Ivancheglo (Come-from-Beyond).
Notable Investors
The IOTA foundation itself holds a minimum 5% of the total IOTA supply, to be used for development.

Trade Crypto Live Sentiment

Due to the lack of a whitepaper or clear roadmap, the feel of this project is very sketchy. The team has been around since 2014, which is more than enough time to understand the expectations those in the crypto space have when it comes to projects and how teams should conduct themselves. They should be doing a lot more and be much further ahead in terms of progress. The project was abandoned by the original developers, but now has multiple people working on it. Even so, it has a high circulating supply, and the lack of media around the any successful projects funded by EMC2 is a warning flag.
Reference & Links


How is IOTA quantum secure? from Iota