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What is IOTA (IOTA)?

IOTA is an open-source distributed ledger technology designed to enable secure and efficient value and data transfer. It focuses on supporting global real-world trade, including asset tokenization and coordination across supply chains. Unlike traditional blockchains, IOTA uses a Directed Acyclic Graph (DAG), allowing transactions to be processed in parallel with high throughput and low latency.

Key Features

Low Transaction Fees:

IOTA uses a low-fee model where transaction costs support network security. The network is secured by validators through a Delegated Proof-of-Stake (DPoS) mechanism, removing the need for mining.

Scalability:

The DAG-based structure enables parallel transaction processing, allowing the network to scale efficiently as usage increases.

Programmability (MoveVM):

IOTA supports smart contracts through MoveVM, enabling applications such as asset management, automated processes, and trade-related workflows.

Open Source & Nonprofit:

The IOTA Foundation, a nonprofit organization, oversees development and adoption. The project is open source, promoting transparency and collaboration.

Real-World Applications:

IOTA supports use cases in global trade, supply chains, digital identity, and asset tokenization, including initiatives such as TWIN and regional implementations like TLIP.