IOTA defines itself as an open, feeless data and value transfer protocol. It is best known for being the preeminent distributed network for Internet Connected Devices. The platform was created without the use of a chain or any blocks. Instead, it uses directed acyclic graph technology, and Tangle to provide consensus without the need for miners, which differentiates IOTA from other blockchain networks. It is developing a range of solutions on its platform to disrupt digital identities, supply chain tracking and tracing, transport, and so on. IOTA is also a native token used in facilitating micro-transactions between devices on the Internet of Things. The maximum supply of the token is 2.7 billion and all the tokens are in circulation.
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