IOTA is a distributed ledger for the Internet of Things(IoT) technology. IOTA also has a currency called mIOTA.
Unlike Bitcoin, IOTA does not run on a blockchain, instead it utilizes a Decentralize
d Acyclic Graph (DAG). It is used to record and execute transactions between machines in the IoT ecosystem, with mIOTA being used for micropayments on the platform.
IOTA’s development team aims for the platform to become a backbone of machine interoperability in the future, where the number of IoT-enabled devices is expected to rise to 20.4 billion.
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