IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. The first ledger with microtransactions without fees as well as secure data transfer. IOTA is a distributed ledger for the Internet of Things.
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