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Information about IOTA (IOTA)
The MIOTA project was launched in October 2017 and was developed by the IOTA Foundation, a non-profit organization comprised of leading mathematicians and programmers in more than 25 countries. MIOTA is an open-source distributed ledger created to store and execute transactions between devices in the Internet of Things (IoT) ecosystem.
MIOTA uses the Tangle platform, a system of nodes used to verify transactions, and is claimed by the development team to be faster and more efficient than current blockchain platforms. This project became a platform for the Internet of Things, which can solve the problems that most blockchain projects face today, such as low scalability, slow transaction processing speed, high transaction fees, and low security.
The MIOTA token (IOTA) is a utility token belonging to the MIOTA network, operating on the Binance Smart Chain platform according to BEP20 standards and paying for services inside the network.
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