Coinbase, Exchanges

Is Dot Available on Coinbase?

Dot is not available on Coinbase.

Dot (IOTA) is a distributed ledger designed to record and execute transactions between devices in the Internet of Things (IoT) ecosystem. The project’s vision is to create a “machine-to-machine economy” in which devices can autonomously trade resources and services with one another.

IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov.

The project launched its mainnet in Q1 of 2018.

The native token of the IOTA network is called “miota” and has a total supply of 2.779 billion miota.

NOTE: WARNING: Coinbase does not currently offer the DOT cryptocurrency. Any websites or services claiming to offer DOT trading on Coinbase are likely fraudulent. Be sure to do your research and use caution before investing in any cryptocurrency.

As of writing, miota is ranked 21st on CoinMarketCap with a market capitalization of $1.02 billion.

IOTA’s ledger is based on a directed acyclic graph (DAG) structure, as opposed to the traditional blockchain used by most cryptocurrencies. In IOTA’s DAG, called the “Tangle,” each transaction must confirm two previous transactions before it can be approved and added to the ledger.

This design aims to improve upon blockchain’s scalability problems by allowing the network to process more transactions as more users join the network.

Coinbase is a digital asset exchange company founded in 2012. The company operates exchanges of bitcoin, Ethereum, Litecoin, and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

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