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IOTA IOTA |
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£0.0251501 |
-1.4% (24h) |
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Marketcap |
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£119,257,487 |
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Volume 24h |
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£3,426,655 |
Description
IOTA (IOTA) is a unique distributed ledger technology that does not use a traditional blockchain, but instead utilizes a structure called the "Tangle." This architecture is designed specifically for the Internet of Things (IoT), enabling feeless and highly scalable micro-transactions between connected devices. Because there are no miners or stakers, every user who issues a transaction also helps validate two previous ones, creating a self-sustaining network. IOTA aims to become the backbone of the future machine-to-machine economy, where autonomous devices can exchange data and value seamlessly.