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![IOTA Price | IOTA Price Index and Live Chart — CoinDesk 20 IOTA Price | IOTA Price Index and Live Chart — CoinDesk 20](https://www.coindesk.com/resizer/F17oNzAW8ODU6xTqMtCJV4qvti0=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HLXELRU7ZJBK3O3SXVV44UDXD4.jpg)
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IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
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