Frequently asked questions
IOTA is an open, feeless digital currency for the Internet of Things. IOTA's goal is to exchange value between internet devices and without the need for human interaction, such as an electric car automatically paying for the electricity it consumes at a charging station. IOTA is named after the smallest letter of the Greek alphabet.
IOTA is sometimes traded under the ticker symbol MIOTA. MIOTA thereby stands for Mega IOTA, or one million IOTA.
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
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