IOTA is a next-generation distributed ledger platform, using a unique Tangle structure to replace blockchain, enabling free, fast, and infinitely scalable transactions for the Internet of Things (IoT) market.
IOTA is optimized for resource-constrained devices, supports microtransactions, secure data transmission, and smart contract development, creating a solid foundation for the future machine economy.
MAIN CONTENT
IOTA uses the Tangle DAG structure, requiring no miners or transaction fees.
IOTA products such as Identity, Streams, Access, and Stronghold enhance security and IoT applications.
Roadmap for upgrading to Rebased with DPoS, MoveVM, and processing 50,000 transactions/second.
What is IOTA?
IOTA is a next-generation distributed ledger platform, applying the Tangle structure – a form of directed acyclic graph (DAG) instead of traditional blockchain.
According to the IOTA Foundation (2024), Tangle allows for parallel transaction processing, incurs no fees, and becomes faster as the network expands.
Unlike blockchain, which requires miners and fees, IOTA eliminates miners, blocks, and chains; each new transaction confirms 2 other transactions, allowing for almost unlimited scalability. This is particularly suitable for IoT devices, which are constrained in terms of energy and hardware.
What problem does IOTA solve?
IOTA Foundation researchers point out: traditional blockchain has limitations in speed, high fees, poor scalability, and high resource requirements. IOTA replaces blockchain with a Tangle DAG structure, incurs no transaction fees, users directly confirm each other, supports offline transactions, and securely transmits encrypted data.
As a result, IOTA becomes an excellent solution for IoT networks with low resource requirements, meeting the demand for continuous data transmission and efficient microtransactions.
What are the highlights of IOTA?
IOTA stands out for not using blocks, chains, or miners; new transactions confirm 2 old transactions, speeding up the network and eliminating intermediaries.
The Tangle DAG structure enables nonlinear expansion, ideal for a global IoT ecosystem. Additionally, fee-free transactions support billions of microtransactions between machines.
"IOTA is a breakthrough in distributed ledger technology, solving the issues of scalability and transaction costs – crucial for the Internet of Things."
David Sønstebø, Co-founder of IOTA Foundation, 2024
What are the key products and technologies of IOTA?
IOTA offers many advanced products such as IOTA Identity, Streams, Access, Stronghold, and supports EVM-compatible smart contracts. This is a comprehensive platform promoting IoT and Web3 applications.
What is IOTA Identity (Identity Management)?
IOTA Identity allows individuals and organizations to manage decentralized digital identities, complying with DID and Verifiable Credentials standards, securely stored on the Tangle.
Users control access without relying on third parties, suitable for academic certification, medical records, electronic ID, and financial KYC in Web3.
What is IOTA Streams?
Streams is a protocol for creating and sharing data streams for IoT devices, allowing management of access rights for each individual data stream, optimized for use in environmental sensors, self-driving cars, and real-time supply chains.
What is IOTA Access?
Access is a decentralized access control framework for IoT devices, operating peer-to-peer, allowing owners to grant and revoke temporary access, reducing operational costs and increasing security. Applications include unlocking rental cars, sharing camera access, and smart home devices.
What is IOTA Stronghold?
Stronghold is an encryption library managing sensitive information such as private keys and authentication data using AES encryption, protecting data in memory, and can integrate with wallets and Web3 services to best protect user information.
What are the highlights of IOTA's smart contracts and EVM support?
According to the 2024–2025 roadmap, IOTA has supported the Ethereum Virtual Machine (EVM), allowing the deployment of smart contracts and widely compatible dApps with the Ethereum ecosystem. This expands DeFi, NFT, and DAO applications with low costs, high performance, and integration with popular wallets like Metamask.
What does the IOTA development roadmap look like?
IOTA aims to upgrade to Rebased Mainnet on 05/05/2025 with a decentralized DPoS consensus mechanism, initially 50 validators expanding to over 150, integrating MoveVM Layer-1, processing over 50,000 transactions per second, with latency below 500ms and minimal transaction fees, adopting a fee-burning model.
In Q1/2025, the Starfish protocol will be developed, improved from Mysticeti, enhancing reliability, expanding development tools, and collaborating with the Kenyan government to broaden commercial and financial applications. Q2/2025 will focus on the Move smart contract, a new wallet supporting users, and partnerships with ANKR, Nansen, and Lukka to enhance infrastructure and analytics.
What is the IOTA Token information and detailed Tokenomics?
Detailed Information Token Name: IOTA Token Symbol: IOTA Blockchain: Tangle Token Type: Utility Token Total Supply: 4,600,000,000 IOTA Circulating Supply: ~3,286,918,475 IOTA
IOTA initially issued 2.779 billion Tokens, later increasing to 4.6 billion to serve IOTA 2.0. Tokens are allocated publicly and transparently according to a vesting schedule, ensuring stability and long-term development.
Who are the project team, investors, and partners of IOTA?
The IOTA Foundation brings together experts from over 25 countries, with experience at Bosch, Volkswagen, Fujitsu, and PwC. The ICO at the end of 2015 raised $590,000, with each MIOTA priced at $0.00059, achieving a current ROI of 393.81 times, with an ATH peak reaching up to 9,644.1 times.
Strategic partners include Bosch, Dell Technologies, EDAG, Jaguar Land Rover, and STMicroelectronics, applying IOTA in sensors, environmental data collection, industry, and transportation.
"The collaboration of leading enterprises such as Bosch and Dell demonstrates the technological strength and vast application potential of IOTA."
Sergey Ivancheglo, Technical Director of IOTA Foundation, 2024
Summary
IOTA is a unique DLT platform with a Tangle structure that replaces traditional blockchain, eliminating miners and transaction fees, scalable infinitely. Designed specifically for the Internet of Things, it supports microtransactions, encrypted data transmission, and offline operations. Along with its technology upgrade roadmap, IOTA promises to make breakthroughs for the machine economy and DeFi in the future.
Frequently Asked Questions
How does IOTA differ from traditional blockchain? IOTA uses Tangle DAG structure, has no miners, free transactions, and parallel processing, scaling infinitely, making it more suitable for IoT than blockchain. Does IOTA have transaction fees? IOTA does not charge traditional transaction fees; each transaction requires the user to confirm two other transactions, creating a free and fast network. What are the main products of IOTA? They include IOTA Identity for managing digital identity, Streams for sharing device data, Access for access control, Stronghold for securing private keys, and EVM smart contracts. What are the highlights of IOTA's roadmap? IOTA 2.0 launches Rebased Mainnet with DPoS, MoveVM Layer-1, processing 50,000 transactions/second and minimal transaction fees, while expanding the ecosystem. Does IOTA have reliable investors and partners? IOTA is supported by major organizations like Bosch, Dell, many experts and a global community, ensuring sustainable development.
Source: https://tintucbitcoin.com/iota-la-gi/
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