IOTA is a distributed ledger technology designed to optimize device interactions in the Internet of Things. Its straightforward Tangle structure enables high transaction speeds without additional costs.
Unique Tangle Structure
IOTA utilizes Tangle technology, which is a Directed Acyclic Graph (DAG), allowing it to avoid the downsides of traditional blockchains, such as limited scalability and high transaction fees. Each new transaction in IOTA confirms two previous ones, eliminating the need for miners.
Advantages of IOTA for IoT
IOTA is positioned as the foundation for automated interactions between devices. The more devices connect to the network, the faster it becomes. Unique features of IOTA include zero transaction fees, the capability for high-frequency transactions, and complete decentralization.
Changes in IOTA Tokenomics
Recent updates in IOTA include raising the total supply of tokens to 4.6 billion, introducing a staking mechanism, and an annual interest rate of 6%. This aims to support the long-term sustainability and growth of the network.
With its unique architecture and built-in innovations, IOTA is finding applications in the rapidly evolving world of the Internet of Things. Changes in tokenomics and staking systems contribute to creating a decentralized and sustainable ecosystem.
