IOTA is a revolutionary new transactional settlement and data transfer layer for the Internet of Things. It’s based on a new distributed ledger, the Tangle, which gets rid off the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. IOTA is a distributed ledger for the Internet of things. The first ledger with microtransactions without fees as well as secure data transfer.
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