IOTA ($IOTA ): The Internet of Things Enabler! 🌐

IOTA is a cryptocurrency and open-source distributed ledger designed for the Internet of Things (IoT). Launched in 2015, IOTA aims to facilitate secure and scalable transactions between devices in the IoT ecosystem.

Unlike traditional blockchain systems, IOTA utilizes a unique structure called the Tangle, a directed acyclic graph (DAG) that eliminates the need for miners. This design allows for feeless transactions and high scalability, making it well-suited for microtransactions between IoT devices.

The native token, IOTA, is used to facilitate transactions and data #transfers within the IOTA network. As of today, MIOTA is trading at approximately $0.17373, reflecting a 3.95% decrease over the last 24 hours.

IOTA's focus on enabling machine-to-machine transactions positions it as a key player in the evolving IoT landscape, with potential applications spanning smart cities, supply chain management, and autonomous vehicles.