Cryptocurrencies, blockchain and the Internet of Things (IoT) are going to be the future. The IOTA tokens combine the goodness of all the three into one. However, unlike Bitcoin and other cryptocurrencies, the IOTA micro-transaction token is based on Tangle ledger specifically designed for the Internet of Things related applications, way back in 2015.
According to publications, the IOTA powered Tangle ledger is ideal for machine-to-machine payment transactions, with particular attention towards data integrity and accuracy. The IOTA tokens overcome the challenges of mining fee and slow transactions posed by popular cryptocurrencies like Bitcoin, rendering microtransactions inefficient.
The rapidly developing IoT segment and the potential uses of distributed ledger technology in the sector make IOTA an ideal solution. The Directed Acyclic Graph (DAG) employed by IOTA’s underlying ledger eliminates the most common problems otherwise presented by conventional blockchain system.
A recent article on one of the tech resource platforms differentiates
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