IOTA

IOTA Cryptocurrency Product Introduction

• Overview: IOTA is a distributed ledger technology (DLT) designed for the Internet of Things (IoT), aimed at facilitating efficient transactions and data sharing between devices. It is not just a cryptocurrency but a decentralized blockchain infrastructure dedicated to building and securing the digital world.
• Core Technology: IOTA’s key innovation is the Tangle, a directed acyclic graph (DAG) system used for transaction confirmation. Compared to traditional blockchains, Tangle is considered faster and more efficient, addressing scalability issues. The recent IOTA Rebased upgrade further enhances network performance, supporting up to 50,000+ transactions per second (TPS) and near-instant confirmation times of 400 milliseconds.
• Use Cases: IOTA is widely applied in areas such as digital identity, sustainability, supply chain management, and decentralized finance (DeFi). It enables the recording and execution of transactions between machines and devices, covering scenarios from product traceability to vehicle data sharing. The IOTA Foundation has partnered with prominent companies like Bosch and Volkswagen to extend the platform’s utility among connected devices.
• Token and Economic Model: IOTA’s native cryptocurrency is MIOTA, used for transaction accounting within the network. The recent upgrade also introduced new tokenomics and staking mechanisms, with staking annual percentage yields (APY) ranging from 7% to 15%, depending on the staked supply.
• Ecosystem and Development: IOTA is a highly scalable Layer 1 blockchain with dual virtual machine (VM) support, compatible with EVM (Ethereum Virtual Machine) and integrated with MoveVM, offering developers a flexible environment. The IOTA Foundation promotes adoption through education, hackathons, and global partnerships (such as with the Tony Blair Institute), driving applications in international trade, digital identity, and small businesses.
• Market Performance: Based on publicly available data, IOTA’s price and trading volume are updated in real-time, with its market performance reflecting significant potential in the cryptocurrency space.
• Summary: Through its innovative Tangle technology and the latest Rebased upgrade, IOTA provides a secure, scalable, and sustainable solution for IoT and real-world decentralized applications. Its potential across various industries and collaborations with global organizations position it as a key player in blockchain technology development.