$IOTA
IOTA (MIOTA) is a cryptocurrency built on a unique architecture known as the Tangle, a Directed Acyclic Graph (DAG) instead of the typical blockchain. This design enables high scalability by allowing transactions to be processed in parallel, making it faster and more energy-efficient than traditional blockchain systems. It does not require miners, and instead, participants validate transactions, allowing for feeless, fast transactions with finality within seconds.
The IOTA network also supports both value and data transfer, making it suitable for the Internet of Things (IoT), where devices can communicate and transact with each other efficiently. As of now, the IOTA Foundation is working on IOTA 2.0, which aims to decentralize the network further by removing the central "coordinator" node and introducing a validator committee to ensure security and consensus.
The IOTA token itself, known as MIOTA, is used within the network for transactions and storing data. With a total supply of 4.6 billion MIOTA tokens, it is designed to cater to a variety of use cases in IoT and beyond.
