Buying IOTA (MIOTA): Value and Performance

Why buy Iota (MIOTA)?

Buying IOTA could be a compelling choice for investing in the future of the Internet of Things (IoT). Unlike most cryptocurrencies, IOTA doesn’t rely on traditional blockchain technology but uses a Directed Acyclic Graph (DAG) called Tangle. This innovative structure enables fee-free transactions and exceptional scalability, making it ideal for IoT applications.

IOTA has made significant advancements, including the launch of its IOTA 2.0 Testnet, which introduced the Proof-of-Stake (PoS) consensus mechanism and the Mana concept to minimise environmental impact. In June 2024, IOTA launched its new Ethereum Virtual Machine (EVM), enabling advanced programmability with over 30 dApps already operational. 

What is Iota?

IOTA is a unique cryptocurrency that forgoes traditional blockchain in favour of the Tangle, a system that processes transactions quickly and at no cost. IOTA is designed to power the IoT and offers a future-ready platform for a connected world.

With a fixed supply of 2,779,530,283 IOTA tokens, it is inflation-resistant. Governance is managed by the IOTA Foundation, a non-profit organisation committed to transparency and community participation through voting mechanisms.

The meaning of Iota

“Iota” is the ninth letter of the Greek alphabet, corresponding to the letter “i” in the Latin alphabet. IOTA is pronounced as “eye-OH-tah,” following its Greek origin. In Greek, the term “iota” has a symbolic meaning, representing something very small. In the context of technology, the name IOTA reflects the idea that something seemingly small can be crucial, symbolising its role as a cornerstone in the evolution of the Internet of Things.

IOTA in Logistics

One of IOTA’s most promising projects is its partnership with the UK government under the Border Transformation and Digitization (BTD) program. This initiative leverages IOTA’s Trade Worldwide Information Network (TWIN) to enhance data sharing in supply chains.

This solution improves transparency and reduces delays by integrating sensors to monitor temperature and environmental conditions during transport. It’s a clear example of how IOTA’s Distributed Ledger Technology (DLT) is revolutionising traditional industries.

IOTA and Tokenization

Another milestone for IOTA is the tokenisation of US Treasury Bills in collaboration with Abu Dhabi-based companies. This project uses IOTA’s network to convert ETFs into digital tokens, making investments more accessible to a wider audience.

Supported by the Abu Dhabi Global Markets (ADGM), IOTA is showcasing its potential in finance, paving the way for mainstream blockchain adoption.

IOTA Rebased: a new chapter

The announcement of IOTA Rebased marks a pivotal moment for the network. By introducing the Move Virtual Machine (MoveVM), IOTA enables advanced programmability and the capacity to process thousands of transactions per second.

With a delegated proof-of-stake (PoS) model and 150 validators, IOTA is moving towards full decentralisation, moving away from its centralised system. A Move-based testnet offers developers essential tools to experiment and prepare for the transition.

If you’re considering where to buy IOTA, it’s worth noting its ambitious technological developments. With innovations like IOTA Rebased and strategic collaborations, the cryptocurrency is positioning itself as a major player in IoT, logistics, and digital finance. Its focus on scalability, decentralisation, and real-world applications makes it a promising opportunity.