What is IOTA (MIOTA)?
IOTA is a new cryptocurrency that was created in 2015. It focuses on providing secure communications and payments between machines in the Internet of Things. IOTA is unique because it does not use a blockchain; instead, it uses a directed acyclic graph (DAG) called the Tangle. This makes IOTA scalable and efficient for micropayments.
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Who Are the Founders of IOTA (MIOTA)?
The IOTA Foundation was founded by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Serguei Popov in 2015. Sønstebø is the Co-founder and current Director of the IOTA Foundation. He has also worked on other projects such as Bitcoin, Colored Coins, and Ethereum. Ivancheglo is a mathematician and computer scientist who has also worked on Colored Coins and NXT. Schiener is an entrepreneur who has founded several startups. Popov is a researcher in applied mathematics and computer science.
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What Makes IOTA (MIOTA) unique?
IOTA (MIOTA) is unique because it uses a directed acyclic graph (DAG) instead of a blockchain. This makes IOTA scalable and efficient for micropayments. IOTA also does not have any fees associated with transactions. What this means is that you can make as many transactions as you want without having to worry about paying any fees.