What is IOTA? Cryptocurrencies explained by Blockchart.io


IOTA refers to itself as “A permissionless distributed ledger for a new economy.” It is a 3rd generation cryptocurrency with a particular focus on system speed and scalability. IOTA aims to capitalise on the growing trend towards the “Internet of Things.” But what makes IOTA so unique is that it does not actually use a Blockchain, instead it has its own unique system which has allowed to become transaction free and extremely scalable.

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