[Industry Update] IOTA as changemaker of payment

IOTA is a revolutionary new, next generation public distributed ledger that utilizes a novel invention, called a “Tangle”, at its core. The Tangle is a new data structure based on a Directed Acyclic Graph. As such it has no Blocks, no Chain and also no Miners. Because of this radical new architecture, things in IOTA work quite differently compared to other Blockchains.

Zero-fee transactions

Send 1 cent and receive 1 cent, send $1,000,000 and receive $1,000,000.

Low resource requirements

Designed for tiny devices with low resource requirements to participate.

Fast transactions

IOTA transactions are confirmed within seconds.