Name : IOTA (IOTA)
IOTA Price : $0.297 -8.06%
Consensus Mechanism : Proof of Authority
Volume: 171,403,783
Market Cap: 1,054,220,561
Shariah Judgement
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Shariah Status :
Last Screening: Q4 2024
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Overview
IOTA is a distributed ledger technology that utilizes a directed acyclic graph (DAG) called the Tangle, enabling secure and fee-free transactions without blocks or miners. The token has been audited by Zokyo Users validate two other transactions when sending IOTA, enhancing scalability and overcoming traditional blockchain limitations. The project raised approximately $500,000 through crowdfunding in 2015, and to support its sustainability, the community donated 5% of tokens to the IOTA Foundation.
Whitepaper & Documents
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