All About Miota (IOTA) January 30, 2021 01:40 Updated A Permissionless Distributed Ledger For A New Economy. IOTA is a permissionless distributed ledger "for a new economy". IOTA was conceptualized in 2015 and officially released in June 2017. It targets the Internet of Things, through the use of an open-source distributed ledger. IOTA aims at supporting the growth of a machine economy by enabling "fee-less machine-to-machine payments", offering greater scalability than blockchain networks. IOTA relies on the Tangle, which is a Directed Acyclic Graph (DAG). Unlike blockchains, DAGs do not rely on blocks, miners, nor a concept of a chain. Instead, a DAG is a network of transactions that are linked to each other in a tree-shape network. According to the team, core features include: improved scalability (network activity is negatively correlated with settlement times), low resource requirements, zero-fee transactions, secure data transfers (through encryption), the addition of offline transactions, and quantum immunity. Start Trading Now! Download Binance.US app here Related articles All About Nano Binance.US Will List BUSD (BUSD) and IOTA (IOTA) List of Supported Assets How Do I Find My User ID All About Hedera Hashgraph (HBAR)
