IOTA is the first distributed ledger built for the Internet of Everything – a net for exchanging value and data between humans and machines. It is based on a new distributed daybook engineering, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a raw way of reaching consensus in a decentralized peer-to-peer system. It is developed and provided by the non-profit IOTA Foundation with headquarters in Berlin. The goal of the IOTA Foundation is to create a Trust Layer, which enables devices to exchange data and values immutable and free of charge .
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Highly scalable: IOTA uses a DAG datum structure allowing transactions to be added in parallel .
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Low resource requirements: Designed for devices, such as sensors, to participate in a low-energy network .
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Zero-fee transactions: Send 1 penny, receive 1 penny. Send $ 1,000,000, receive $ 1,000,000 .
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Fast transactions: IOTA transactions are confirmed within minutes .
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Optional Quantum Robustness: With Winternitz signatures IOTA is resilient to the future generation of computing .
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Distributed: A globally distributed network, IOTA is bouncy and robust against attacks .
For the first time ever, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without the need for a sure mediator of any kind. The keepsake was created to service the ‘ Internet of things ’ ( IoT ) : the billions of small computing devices that are increasingly being embedded into everyday objects, enabling them to send and receive data. shred transforms these connected machines into autonomous economic agents, enabling an wholly new economy of things. It is predicted that by 2025 that more than 75 billion devices will be connected to the Internet of things.
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The token was launched in June 2017 with its total provision of approximately 2.78 quadrillion IOTA made available from the beginning. No extra keepsake will ever be created. Until the borrowing becomes more widespread, 1 MegaIOTA ( MIOTA ) is the presently accepted base unit .
