About IOTA (MIOTA)

IOTA is a decentralized platform designed to help devices in the Internet of Things (IoT) communicate with each other and make transactions without fees. Launched in 2015, IOTA aims to enable fast payments between machines, such as smart appliances or sensors.

Instead of using a traditional blockchain, IOTA uses a different system called the Tangle, which allows many transactions to happen quickly and smoothly. The network does not rely on Proof-of-Work or Proof-of-Stake consensus. Instead, each participant confirms two previous transactions when issuing a new one, creating a decentralized and efficient consensus model optimized for IoT environments.

MIOTA is the native cryptocurrency used on the IOTA network. It is primarily used to facilitate transactions and transfer value between devices within the ecosystem. Read, learn, and explore everything about IOTA (MIOTA) on Blockport.