IOTA is a new type of digital cryptocurrency that focuses on solving transaction problems between machines and machines (M2M). A blueprint for the future machine economy is built by realizing the payment of no transaction fees between machines and machines. IOTA provides efficient, secure, lightweight, real-time micro-transactions without incurring transaction costs. It is an open source, decentralized digital cryptocurrency designed specifically for the Internet of Things. It is a real-time micro-transaction and can be easily and easily extended.
IOTA goes beyond blockchain technology. It is the first to use the entire ecosystem to encrypt currencies based on non-blockchain technology. IOTA may be considered a kind of altcoin, but the fact is that IOTA is far from a altcoin. It transcends blockchain technology and is an extension of blockchain technology. IOTA is based on Tangle rather than blockchain technology.
2. Basic Information
- Name: MIOTA
- Abbreviation: IOTA
- Founder: Dominik Schiener, Serguei Popov
- Characteristic: Innovation currency
- Issue Date: 2017-07-23
- Total Supply: 2,779,530,283
- Consensus Mechanism: Tangle
- Currency Unit: IOTA
3. Related Links
Official website: https://www.iota.org/
White paper: https://iota.org/IOTA_Whitepaper.pdf
Block explorer: https://thetangle.org/