DAGs are a new mathematical concept that have a truly exciting application when applied to existing blockchain tech. Similar to XRP, IOTA’s tokens are pre-mined, while its transactions are validated using Tangle, a Decentralised Acyclic Graph (DAG). It allows the IOTA network to overcome Bitcoin’s scalability issue by removing the topographical hurdles and typical limitations associated with using “traditional” blockchain. This type of structure stores and manages numeric representations in a unique manner. IOTA has, unlike blockchain-based cryptocurrencies, proposed a different data structure called Tangle. MIOTA is the coin powering this new digital economy. IOTA aims to play a crucial role in the next industrial revolution, which will require the creation and maintenance of machine economies – as well as financial relation handling between machines and humans. Its network can power the Internet of Things (IoT) without heavy infrastructure investment requirements. IOTA features feeless transactions, tamper-proof data, as well as low resource demand. The project was built for the next generation of the digital revolution called the Internet of Everything.
IOTA is an open-source, scalable distributed ledger that was created to enable seamless value and data transfer between humans and machines.
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