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<p>The digital asset space is evolving at a breakneck pace. To keep up with such rapid technological innovation requires an equally forward-thinking and agile approach. Bitfinex provides state-of-the-art digital asset trading services for our users and global liquidity providers.</p>
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IOTA

<p class="ql-long-58030660"><span class="ql-author-58030660 qL-size-12 ql-font microsoftyahei">IOTA is the Internet of Things (IoT) Transaction settlement and data transfer layer. Its distributed ledger, Tangle, is based on a data structure called a directed acyclic graph (DAG). There are no blocks or miners in Tangle, and every transaction on the Iota network has to go through a small proof of work (PoW) to verify the previous two transactions. Thus, the more transactions that occur, the faster the network can process new transactions, theoretically allowing the network to become more efficient as it expands. </p>
<p class="ql-long-58030660"><span class="ql-author-58030660 qL-size-12 ql-font Microsoft Ahei "> The main principle of tangle is as follows: To send a transaction, the user must make an effort to approve other transactions. Once the transactions are confirmed, they will be broadcast to the whole network, another unconfirmed transaction can decide to approve the newly confirmed transaction, assuming the node checks that the approved transaction does not conflict with the Tangle transaction history. If a node adds a transaction that conflicts with tangle history, the node will not approve the conflicting transaction directly or indirectly. As transactions receive additional approvals, the system accepts them with a higher degree of confidence. </p>
<p class="ql-long-58030660"><span class="ql-author-58030660 qL-size-12 ql-font microsoftyahei"> Approval adds "weight" to transactions. The weight of the transaction is proportional to the amount of work put into the issuing node. Trades with higher weights are more important than those with lower weights. Transactions accumulate weight over time. The cumulative weight of a transaction is the sum of the weight of the transaction plus the weight of all transactions that directly or indirectly approve the transaction. The time it takes for a transaction to be approved is inversely proportional to the volume of transactions sent over the network. Once a deal is approved, their weight will grow along with the flow of deals. </p>
<p class="ql-long-58030660"><span class="ql-author-58030660 ql-size-12 ql-font Microsoft ahei"> But IOTA networks currently rely on coordinators to provide nodes for trusted milestone transactions, as well as snapshots for scaling down the network. The Coordinator node is a special node operated by the IOTA Foundation to protect the IOTA network from attacks as it grows. The coordinator node publishes milestones every minute, referencing valid transactions. The milestone is a special transaction issued by the coordinator to prevent Tangle branching too widely, which could lead to a fork in the distributed ledger. It effectively pulls the branch back to the main Tangle to solve the potential double flower problem in the process. Transactions on IOTA are considered confirmed only if they are referenced by a milestone. All nodes running IOTA software treat all transactions referenced by the coordinator as valid. </p>
<p class="ql-long-58030660"><span class="ql-author-58030660 qL-size-12 ql-font microsoftyahei"> Snapshots are periodic events triggered solely by the IOTA Foundation, It removes all zero balances in the system and restarts Tangle from The "New Innovation Century". Snapshots occur about once a month and are designed to reduce the size of the IOTA network and prevent it from swelling. Full nodes in IOTA only store the history of the latest snapshot. </p>
<p class="ql-long-58030660"><span class="ql-author-58030660 qL-size-12 ql-font Microsoft Ahei "> IOTA plans to remove the coordinator once the network reaches size. In addition, it eventually plans to incentivize the full node to store the entire Tangle history except the snapshots published by the IOTA Foundation. </p>

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	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	IOTA/USDT	0.13070000	3.16%	$2,743,478.08	10.4726%	2024-09-20 00:59:28
2	Upbit	2	Upbit	IOTA/KRW	175.10	3.36%	$1,042,853	3.9809%	2024-09-20 00:55:14
3	MEXC	3	MEXC	IOTA/USDT	0.13090000	3.31%	$367,156.58	1.4015%	2024-09-20 00:58:48
4	OKX	4	OKX	IOTA/USDT	0.13120000	3.39%	$343,255.98	1.3103%	2024-09-20 00:59:23
5	Bitfinex	5	Bitfinex	IOT/USD	$0.13118	3.2%	$159,204.67	0.6077%	2024-09-20 00:59:11
6	HitBTC	6	HitBTC	IOTA/USDT	0.13068600	3.13%	$133,301.54	0.5088%	2024-09-20 00:59:44
7	Bitfinex	7	Bitfinex	IOT/BTC	0.00000209	2.96%	$93,121.34	0.3555%	2024-09-20 00:59:31
8	BingX	8	BingX	IOTA/USDT	0.13070000	2.99%	$69,931.21	0.2669%	2024-09-20 00:59:24
9	KuCoin	9	KuCoin	IOTA/USDT	0.13110000	3.55%	$36,836.67	0.1406%	2024-09-20 00:58:45
10	Binance	10	Binance	IOTA/TRY	4.4570	3.7%	$36,169.5	0.1381%	2024-09-20 00:59:07
11	Gate.io	11	Gate.io	IOTA/USDT	0.13080000	3.48%	$27,818.77	0.1062%	2024-09-20 00:59:25
12	Binance	12	Binance	IOTA/BTC	0.00000209	2.96%	$20,204.33	0.0771%	2024-09-20 00:59:11

	Volume(24H)	Trading Percent
OKX	OKX	$345,119.11	2.7271%	Visit
Binance	Binance	$2,812,212.28	22.2222%	Visit
Bitfinex	Bitfinex	$252,326.01	1.9939%	Visit
Gate.io	Gate.io	$30,235.64	0.2389%	Visit
KuCoin	KuCoin	$37,477.83	0.2962%	Visit
MEXC	MEXC	$367,156.58	2.9013%	Visit
BingX	BingX	$69,931.21	0.5526%	Visit
Upbit	Upbit	$1,042,853	8.2407%	Visit
HitBTC	HitBTC	$133,328.24	1.0536%	Visit
HTX	HTX	$944,246.08	7.4615%	Visit
XT.COM	XT.COM	$272,772.45	2.1555%	Visit

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