IOTA (MIOTA) is a cryptocurrency that is designed to facilitate secure and fast transactions of data between two or more parties. Unlike other cryptocurrencies, IOTA does not use blockchain technology but instead relies on its own distributed ledger technology called the Tangle.
The Tangle is a revolutionary new way to transfer data, which is based on a Directed Acyclic Graph (DAG). This new technology is different from blockchain, as it does not rely on miners and miners fees to process transactions. Instead, it relies on a system of nodes, which are connected to one another and verify the transactions that are taking place. This system is called the “tangle” and it is free of miners and transaction fees.
The IOTA token, MIOTA, is used to transact on the IOTA network. All transactions on the network are free and there are no transaction fees. This makes IOTA one of the most affordable cryptocurrencies out there, and it is gaining popularity.