What is IOTA?
IOTA is a decentralized form of distributed ledger which doesn’t use a blockchain. Instead they use a technology called Tangle which is a next generation distributed ledger.
The main difference is that unlike the blockchain, transactions can be made without fees! This has been a sticking point in blockchain technology being adopted more universally and IOTA hope to bring their technology to the hands of more users given this key benefit.
The platform will allow businesses and projects to build decentralized apps with the benefit of decentralized control and complete interconnection between the network. The aim is to build a decentralized network connecting ‘The Internet Of Things’ (IOT) using the token IOTA as the store of value and token of exchange.
What is The Internet of Things (IOT)
The Internet of things has actually been around for sometime now but is becoming somewhat more of a reality now. Put simply the internet of things is the network of physical devices, vehicles, home appliances and just about everything electronic which is connected through the internet. The connection that these objects have allows them to share and transmit data which is slowly creating a world in which everything and anything is connected… The Internet of Things
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