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What is IOTA?
IOTA is a platform that, according to the developers, should become the basis for the further development of the Internet of Things (IoT). The basis for payments in the ecosystem is the eponymous cryptocurrency, which is unique in its kind.
The founders are confident that due to minimal transaction fees, IOTA coin will be able to become a means of payment, which will ensure the operation of automated systems both at home and at work. Relatively speaking, for one MIOTA coin you can turn on the light, open the water or light the stove.
Unlike traditional cryptocurrencies, IOTA does not actually use blockchain. It uses a new technology, which is called Tangle. In fact, it is a store of sorts. To store information, the so-called DAG-directed acyclic graph is used.