What is IOTA?
Founded in 2016 IOTA is an uncommon platform. It combines blockchain technologies with the Internet of Things. The IoT is an evolutional idea of attaching regular items with the Internet for receiving and keeping data. IOTA is designed on blockchain fundamentals, but it isn’t an ordinary blockchain as we know it. IOTA platform suggests faster transactions, with zero charges and gives an opportunity of working with platform offline. These advantages are the result of applying a special protocol, which is known as a Tangle. The intriguing detail in IOTA is that the higher the number of users of the platform the quicker it’ll operate and there’ll be more transactions in a second that are available to verification. This is happening because the system is not truly a blockchain. IOTA points to modify the finances of the IoT and make them safer and decentralized. Further, it wants to give a resolution to puzzles which originated from M2M transactions. Additionally, IOTA may operate as an oracle for smart contracts’ completion.