Cryptocurrency Q&A
What is IOTA a cryptocurrency for Internet of things?
What is IOTA a cryptocurrency for Internet of things?
Nicola
Thu Oct 24 2024
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7 answers
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IOTA is a decentralized cryptocurrency specifically designed for the Internet of Things (IoT). It utilizes a unique technology called Tangle, which allows for high scalability, fast transactions, and zero fees, making it ideal for machine-to-machine communication and micropayments. Its native token, MIOTA, powers the platform and has a total supply of over 2.7 billion coins in circulation.
7 answers
Caterina
Sat Oct 26 2024
This structure is known as a directed acyclic graph (DAG).
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BitcoinWarrior
Sat Oct 26 2024
IOTA represents a unique distributed ledger technology.
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BlockchainLegend
Sat Oct 26 2024
While often grouped under the blockchain umbrella, IOTA employs a distinct data structure.
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Lorenzo
Fri Oct 25 2024
Specifically, IOTA utilizes a DAG named the Tangle.
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JejuSunshineSoulMate
Fri Oct 25 2024
The Tangle serves as the backbone of IOTA's decentralized network.
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