What is IOTA a cryptocurrency for Internet of things?
IOTA is a decentralized cryptocurrency specifically designed for the Internet of Things (IoT). It utilizes a unique technology called Tangle, which allows for high scalability, fast transactions, and zero fees, making it ideal for machine-to-machine communication and micropayments. Its native token, MIOTA, powers the platform and has a total supply of over 2.7 billion coins in circulation.