IOTA

IOTA is a type of digital currency designed for the Internet of Things (IoT), where devices like cars or appliances communicate and trade data or services. Unlike traditional cryptocurrencies that rely on blockchain technology, IOTA uses a unique system called the Tangle—a decentralized, scalable ledger that allows transactions to be confirmed directly by users, enhancing speed and reducing fees. This makes IOTA especially suitable for microtransactions and real-time data exchange between devices, facilitating a more interconnected and efficient digital ecosystem without the bottlenecks common in traditional blockchains.