IOTA The Internet of Things

IOTA (MIOTA) is a cryptocurrency and an open-sources distributed ledger technology (DLT) specifically designed for the Internet of Things (IoT). It was created in 2015 with the goal of enabling secure communication and transactions between connected devices and humans without transaction fees. Tangle: Unlike most cryptocurrencies that use a Blockchain, IOTA utilizes a unique data structure called the Tangle; The Tangle is a Directed Acyclic Graph (DAG) where each new transaction validates two previous transactions. This design aims to offer several advantages, Scalability: The new work's throughput can potentially increase as more transactions are added, as transactions can be processed in parallel. No Transaction Fees: because there are no miners validating blocks in the traditional sense, Decentralization: the network is designed to be decentralized, relying on the participants of the network to validate transactions.

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