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MiotaยทSpot
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About IOTA
Communications & Social Media
Nov 1, 2015
IOTA is a distributed ledger technology designed specifically for the Internet of Things (IoT) ecosystem, using a unique Directed Acyclic Graph (DAG) structure called the Tangle instead of a traditional blockchain. The IOTA token serves as the native currency for microtransactions between IoT devices, enabling machine-to-machine payments and data transfer. The network operates without miners or transaction fees, making it ideal for micropayments and IoT applications. IOTA's architecture allows for quantum-resistant security and scalability that increases with network usage. The platform supports smart contracts and decentralized applications while maintaining feeless transactions. IOTA Foundation focuses on standardization, research, and real-world implementation of IoT and Web3 technologies. At launch of IOTA Rebased, 4,600,000,000 IOTA tokens were migrated from the previous Stardust network.
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