IOTA is an open-source distributed ledger that was developed to revolutionise how individuals and businesses access data from various sources. It helps to automate processes, while also providing trustless transactions and data security in a decentralised environment.
IOTA offers something that other projects do not — the ability to securely store and share data on an immutable distributed ledger, while also being able to make transactions without the need for human computation. This automation does not require additional external fees or increased energy costs.
IOTA also enables faster data sharing through bi-directional communication between participants, meaning that data can be shared without requiring permission or approval.
The network uses the Tangle, a structure that sees new transactions validate previous transactions. This enables a more scalable and efficient network and eliminates the need for centralized transaction validation.
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