IOTA is a distributed ledger technology (DLT) that features unique architecture and an open-source product suite for individuals, businesses, and institutions to use in Web3. It is built on a directed acyclic graph (DAG) called the Tangle, which can be pictured as a multi-dimensional blockchain. It enables the exchange of data and value on a decentralized platform through direct and secure transfers, executed on and immutably recorded on the network.
To learn more about this project, check out our deep dive into IOTA.
Together with its staging network Shimmer, IOTA aims to offer solutions to establish a secure and permissionless infrastructure that can drive the economy of the future. It enables the development of decentralized applications through automated trust in the form of Ethereum-compatible smart contracts, an advanced consensus algorithm, and thoughtfully balanced incentives.
IOTA delivers tools for creating and managing custom Layer 2 (EVM) chains, deploying smart contracts, minting native tokens and NFTs with distinctive features, and introducing digital identities to users.
Launching in 2024, IOTA 2.0 will be a protocol upgrade that rebuilds IOTA’s architecture to deliver full decentralization. You can find more about it here.
## What Is the IOTA Foundation?
Founded in 2017, the IOTA Foundation is a charitable non-profit organization headquartered in Berlin, Germany, making it one of the longest-standing crypto projects. It develops the IOTA protocol and steers open-source governance to bring the technology to production maturity. Its Co-founder and Chairman is Dominik Schiener.
A current initiative of the IOTA Foundation involves developing infrastructure to represent real-world assets in digital tokens. The goal is to connect the physical and digital worlds, making illiquid assets liquid and widely tradable, to enable new economic opportunities.
Two organizations help drive the adoption of IOTA and grow the ecosystem of partners and builders using the technology. The Tangle Ecosystem Association (TEA) is a Swiss-based non-profit that allocates grants and funding to ecosystem projects, alliances, partners, third-party integrations, and builders. The IOTA Ecosystem DLT Foundation, based in Abu Dhabi, United Arab Emirates, is the first DLT foundation to be registered under the regulator authorities there.
How to Buy IOTA on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing IOTA. Some reputable platforms include Bybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing IOTA.
Step 5: Purchase IOTA
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of IOTA you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy IOTA.
Step 6: Store Your IOTA
After purchasing, you can choose to store your IOTA in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and IOTA assets, be sure to use a strong password and enable two-factor authentication.
IOTA Price:IOTA is a distributed ledger technology (DLT) that features unique architecture and an open-source product suite for individuals, businesses, and institutions to use in Web3.The price fluctuates daily, You can go to the exchange: okx to check the price.
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