Buy Iota (IOTA)

Iota is built on a distributed ledger tech, though it operates somewhat differently to other blockchains. It’s network, Tangle, uses a different consensus algorithm - a Direct Acyclic Grapg (DAG). This allows the network to run without miners, validators, blocks or any transaction fees.

As a result, Iota network is highly scalable and has lower computing costs than other blockchains. This is important for operating IoT devices within an IoT economy - reducing the high transaction costs, improving energy efficiency and as such allowing for more use cases.

IoT is a growing economy sector and Iota provides a unique a set of advantages within it - lower cost, higher scalability, better energy efficiency among others. Iota has established some partnerships with high-profile organizations such as Volkswagen and the city of Taipei. And being different from the rest of the blockchain tech, IOTA attracts many investors who believe in a future full of possibilities for it.