Iota iota

IOTA is a blockchain-based project designed to handle transactions between connected IOT devices. Its cryptocurrency is known as MIOTA. IOTA uses a type of centralized distributed network system known as Tangle and creates data storage and communication layer for web-enables devices

IOTA has four co-founders, Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener. IOTA is currently developed and supported by the IOTA Foundation, a German non-profit. In July 2019, IOTA co-founder Sergey Ivancheglo stepped down from the IOTA Foundation

The main reasons to invest in IOTA include: - It does not use a blockchain. Instead, it uses Tangle, a data structure referred to as a Directed Acyclic Graph (DAG) - IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). - It has no transaction fees and requires no miners to process transactions - IOTA has established high-profile partnerships with the carmaker Volkswagen and helping the city of Taipei to pursue smart projects