IOTA (IOTA) is a revolutionary, open-source cryptocurrency and distributed ledger technology (DLT) designed to support the Internet of Things (IoT) ecosystem. Founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov, IOTA enables secure, feeless, and scalable transactions, making it an ideal solution for IoT applications, supply chain management, and other use cases that require high transaction volumes. Operating on a unique distributed ledger technology called the Tangle, IOTA's architecture allows for parallel transaction processing, ensuring high scalability and efficiency. With its focus on IoT and machine-to-machine (M2M) transactions, IOTA has gained significant traction in various industries, including partnerships with major companies like Bosch and Volkswagen. IOTA's innovative approach to distributed ledger technology has positioned it as a leading player in the cryptocurrency market, with a strong focus on real-world applications and use cases.
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