What is IOTA

IOTA is a distributed ledger with one big difference compared to others: it is not a blockchain. Its technology is known as "Tangle". It is a system of nodes that confirm transactions. IOTA states that this offers far greater speeds than conventional blockchains and makes IOTA an ideal footprint for the ever-expanding Internet of Things (IoT) ecosystem. Because there’s no blockchain, there are no miners and because there are no miners, there are no fees. Many established networks see transaction costs increase significantly when transactions increase, but IOTA aims to provide limitless throughput at minimal expense. IOTA’s goal is to become the go-to platform for executing transactions between (IoT) devices. You can safely and reliably buy and sell IOTA on LiteBit.