What is IOTA?
IOTA is a decentralised 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 decentralised apps with the benefit of decentralised control and complete interconnection between the network. The aim is to build a decentralised network connecting The Internet Of Things (IOT) using the token IOTA as the store of value and token of exchange.
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