IOTA Cryptocurrency Seeks To Become Backbone Of The IoT – Minus The Transactional Fees

The IOTA Foundation is launching a free, more secure, and scalable alternative to Bitcoin and other cryptocurrencies.

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Unlike current cryptocurrencies, which rely on blockchain technology, the organization's namesake virtual currency features a "tangle" ledger system that could more appropriately harness the data-driven business transactions enabled by the Internet of Things.

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