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What is the IOTA?

If the Aether is turned towards smart contracts, the IOTA (or MIOTA) is linked to connected objects, to the Internet of Things, which some people call “fourth”. industrial Revolution”.

Created in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Dr. Serguei Popov. IOTA is based on a technology that allows free and instant transactions between machines in the Internet of Things environment.

Unlike Bitcoin and most cryptocurrency, IOTA units already exist (2.779.530.283 in total), and the motto is not based on the mining system (creation of units via computers, note).

IOTA also differs from other cryptocurrencies in that it does not rely on the blockchain technology mentioned above. It is based on Tangle technology, fully decentralized, which allows transactions at no cost, secure, and instant.

The applications are numerous. The IOTA allowing micro-transactions since there are no fees, many companies, including small businesses, merchants could be interested. The Tangle technology on which the IOTA is based can also be used to transfer data, can be applied to set up electronic votes, or even serve as a basis for encrypted e-mail.

IOTA could also be set up in the area of ​​the shared economy. We can imagine Paris Vélib ‘working with this technology, but all kinds of connected objects could be shared.

The IOTA has experienced a recent craze its course passing in less than a week of a few cents to more than 3 dollars per unit. This interest is explained by the announcement of a partnership with major companies such as Microsoft, Samsung, Cisco or Volkswagen.