The MIOTA project was launched in October 2017 and was developed by the IOTA Foundation, a non-profit organization comprised of leading mathematicians and programmers in more than 25 countries. MIOTA is an open-source distributed ledger created to store and execute transactions between devices in the Internet of Things (IoT) ecosystem.
MIOTA uses the Tangle platform, a system of nodes used to verify transactions, and is claimed by the development team to be faster and more efficient than current blockchain platforms. This project became a platform for the Internet of Things, which can solve the problems that most blockchain projects face today, such as low scalability, slow transaction processing speed, high transaction fees, and low security.
The MIOTA token (IOTA) is a utility token belonging to the MIOTA network, operating on the Binance Smart Chain platform according to BEP20 standards and paying for services inside the network.
IOTA has undergone a notable downturn after a promising rally, prompting investors to question the sustainability of its market performance. The ongoing market uncertainty makes it crucial for investors to stay alert and analyze trends thoroughly before making any financial decisions.
IOTA announced the launch of its EVM mainnet, a Layer 2 solution that is fully compatible with the EVM on the IOTA network.
The IOTA EVM introduces features such as smart contracts, cross-chain capabilities, parallel processing, and enhanced security for miner extractable value (MEV)
Internet of Things blockchain ecosystem IOTA announced the launch of its “IOTA 2.0” testnet.
IOTA announced that “IOTA 2” will enable the migration from Proof of Work (PoW) to a decentralized Proof of Stake (PoS), which will result in increased network scalability and efficiency.
Token Spotlight: Miota (IOTA), a project with a vision towards the future of IoT
IOTA is a Tangle (variant of Blockchain) Platform born with the purpose of serving the Internet of Things network based on a distributed ledger.
Unlike traditional blockchains, IOTA is the revolutionary new layer of transaction settlement and data transmission for the Internet of Things.
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IOTA token surges 73% following $100M ecosystem fund announcement
IOTA recently announced a $100 million ecosystem fund, causing its native IOTA token to rally 73% after 1 week.
The fund, which will be vested over four years, aims to attract liquidity and boost market sentiment.
IOTA becomes the first registered DLT Foundation under ADGM in Abu Dhabi
The new IOTA Ecosystem DLT Foundation is the first DLT foundation registered with the Abu Dhabi Global Market in the United Arab Emirates.
The IOTA Ecosystem DLT Foundation will be seeded with over $100 million in IOTA tokens for nurturing the IOTA ecosystem and accelerating the growth of the IOTA protocol in the region.
IOTA eyes big cypto leagues again with series of network boosting plans
The network is planning to release an IOTA 2.0 network in Q4 of this year.
IOTA will also introduce a new ecosystem fund, and an increase in the utility of iota tokens.
EU selects IOTA to test blockchain technology
IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things), has been chosen to take part in the next stage of testing and development for an initiative that aims to enhance pan-European blockchain services through a distributed ledger system.
The project, known as European Blockchain Pre-Commercial Procurement (PCP), seeks to investigate the feasibility of utilizing blockchain technology to both improve current applications and develop new ones for the European Blockchain Services Infrastructure (EBSI).
Releasing IOTA Smart Contracts version 0.3.0
The team behind IOTA, an open-source distributed ledger created to store and execute transactions between devices in the Internet of Things (IoT) ecosystem, announced releasing the latest version of IOTA Smart Contracts (ISC).
According to the official announcement, ISC v0.3.0 is the first Stardust and Shimmer compatible version of IOTA Smart Contracts with extended EVM support, enhanced performance and mainnet compatibility.
Iota Foundation joins Dell to develop real-time carbon footprint tracking
Iota Foundation, a nonprofit distributed ledger technology ecosystem provider, has partnered with tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints.