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What is IOTA? (MIOTA) — Invest In Blockchain

Have you ever heard of the Internet of Things? The founders of IOTA have taken this idea and run with it, combining blockchain technology with the idea of the Internet of Things. IOTA technically isn’t run on a blockchain but it utilizes its homegrown Tangle technology. This technology allows IOTA to be transaction fee free, grow without limitations and makes offline transactions possible. This may seem far fetched, but the reality is that IOTA and its Tangle technology could severely disrupt the way transactions are handled.

IOTA has consistently been in the top 10 cryptocurrencies in terms of market cap, indicating that investors understand its potential. Although the Internet of Things (IoT) is still in it’s early days of development and yet to be implemented on a large scale, experts agree that the IoT is going to be the next big thing — just as blockchain is the next big thing. IOTA’s slogan is “The backbone of the IoT is here” and to understand IOTA, first…

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