Discover IOTA – What is IOTA?

Discover IOTA – What is IOTA?

IOTA is a permission-less, open source distributed ledger.

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IOTA available on exchanges: Bitfinex

What is IOTA? The Tangle?
IOTA is an open-source distributed ledger protocol just like other common platforms like bitcoin and ethereum. But IOTA goes ‘beyond block chain’ through its core invention of the block-less & chain-less ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike block chain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).

This is a motion graphics animation explaining the concept of IOTA