Crypto, Iota

What’s IOTA

  • It’s a new crypto that’s built on a new technology called Tangle instead of blockchain which is what most of the other cryptos (e.g. bitcoin, ethereum) are built on.
  • The more it’s used, the more faster it becomes (theoretically).
  • Very low to no transaction fees, unlike blockchain cryptos.
  • No dedicated miners. The user who’s initiating the transaction needs to perform the task of a miner for the previous two transactions on the network. Don’t worry, this all happens without you knowing and it’s meant for low powered devices like smartphones or a processor in a toaster.

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One thought on “What’s IOTA”

  • winston 3rd January 2018 at 9:52 am



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