IOTA is a brand new and novel micro-transaction crypto token optimized for the Internet-of-Things
(IOT). Unlike the complex and heavy blockchains of Bitcoin and the like, Iota was designed to be lightweight
as possible, hence the name “IOTA” with emphasis on the IOT part.
Tangle allows micropayments, where small amounts can be transferred without fees. In iota, each participant has an integral part in the broadcasting and validation of the transactions on the
Tangle solves scalability and mining. Iota network becomes faster when more transactions occur, this is not the case with traditional blockchain networks. Iota can handle an almost unlimited amount of transactions, while traditional networks can only handle a few. At the present time, the Bitcoin network is about 150 GB in size and keeps growing at an astonishing pace.
IOTA Next Generation Blockchain
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