Glossary Term

IOTA

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IOTA is a blockchain project, an open-source ledger that differs from other cryptocurrencies by focusing specifically on Internet-of-Things (IoT) applications. The cryptocurrency operates under the Tangle protocol which will eventually allow machines to transact with each other with little or no human intervention. Imagine a car that can pay for its own fuel and a house that can sort the electricity, water and internet bills out without any human involvement. Tangle is a highly promising protocol characterized by features such as scalability, micro-transactions, Masked Authenticated Messaging (MAM) and quantum-resistance.

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What is IOTA? A Traders Expert explanation

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