IOTA is a decentralized decentralized ledger based on DAG (Directed Acyclic Graph), which aims to provide a secure, fast and scalable trading platform for the Internet of Things (IoT). IOTA uses a unique technology called "Tangle" to achieve its core functions. Tangle is a distributed network in which each node is responsible for verifying the transactions of other nodes. This enables IOTA to achieve transactions without transaction fees and block generation.
IOTA is the backbone of the Internet of Things and focuses on solving transaction problems between machines (M2M). Build a blueprint for the future machine economy by enabling transaction-free payments between machines. IOTA provides efficient, secure, lightweight, real-time micro-transactions with no transaction fees. It is an open source, decentralized digital cryptocurrency specially designed for the Internet of Things. It is a real-time micro-transaction and can be easily and conveniently scaled.
IOTA has four co-founders, and their names are Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener.Originally known as Jinn, a crowdsale for the project was held in September 2014, and the network officially launched in 2016.
Above are only for introduction, not intended as investment advice.