Cryptocurrency Q&A
How many IOTA are in MIOTA?
How many IOTA are in MIOTA?
ZenMindfulness
Wed Jun 26 2024
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6 answers
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Could you please clarify the conversion ratio between IOTA and MIOTA? I'm wondering precisely how many individual IOTA tokens constitute one MIOTA. This is important for accurate calculations when dealing with transactions and valuations in the IOTA ecosystem. Could you provide a concise explanation of the conversion rate, or perhaps point me to a reliable resource where I can find this information? Thank you for your assistance in this matter.
6 answers
Martina
Fri Jun 28 2024
Prior to the recent updates, the term 'one micro' was synonymous with 'one IOTA'.
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CryptoKnight
Fri Jun 28 2024
Traditionally, the conversion rate stood at 1,000,000 IOTAs equaling 1 MIOTA, also known as mega IOTA.
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Andrea
Fri Jun 28 2024
However, in a significant development, the IOTA Foundation announced a change in the supply structure and an upgrade to the Stardust protocol on the IOTA Mainnet, effective from the 4th of October 2023.
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KpopHarmonySoulMateRadiance
Thu Jun 27 2024
As part of this update, the Foundation decided to discard the SI prefixes, such as 'micro' and 'mega', to align with more commonly used denominations in the cryptocurrency industry.
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Eleonora
Thu Jun 27 2024
This move is aimed at simplifying the understanding and adoption of IOTA for both new and existing users.
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