What Makes Iota Different?

Introduction to IOTA

In the current cryptocurrency world, IOTA has been branded “machine economy”. It is an open source ledger protocol, existing in a distributed manner. It was launched in 2015, and as an invention, it goes beyond the blockchain technology, which is the backbone of many cryptocurrencies in the market today. IOTA operates on a platform that is block-less known as the tangle to deliver its services to its end-users.

Something to know about IOTA’s “tangle.”

This is a quantum resistant Directed Acyclic Graph, using the currency IOTA to support its transactions. IOTA as a digital currency based on the DAG, provides a fixed money supply to its users with a zero inflationary cost.

IOTA’s pros

As mentioned in the introduction, IOTA is block less, meaning that unlike Bitcoin, it does not need the blockchain technology for it to be operational. A peer-to-peer technology allows machines and transactions to interact directly with one another without the…