What is IOTO (MIOTA)?

What Is IOTA (MIOTA)? IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions.

What is IoT Ledger (MIOTA)?

IOTA ( MIOTA) is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem. The ledger uses a cryptocurrency called mIOTA to account for transactions in its network. IOTA’s key innovation is Tangle, a system of nodes used for confirming transactions.

Where can I buy MIOTA?

MIOTA is available on multiple exchanges — many people choose to buy MIOTA on Binance, Bitfinex, and OKEx. According to the project, a range of trading pairs are available, linking the token with Bitcoin, Ethereum, stablecoins, and fiat currencies including the Japanese yen, euro, pound, and dollar.

Why was Iota spawned?

According to David Sønstebø, IOTA was "spawned" due to the Jinn project, "so it only makes sense first to introduce IOTA and then Jinn afterward," he said. The genesis transaction for IOTA was an address with a balance that contained all MIOTA, its cryptocurrency, that will ever be mined.