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4,462,386 IOTA positions opened on eToro
IOTA is a unique distributed ledger technology with no transaction fees and high scalability, designed to improve efficiency and trust in data sharing processes.
The project was initially founded in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Dr. Serguei Popov.
IOTA establishes a direct connection between the sender and receiver of data on the distributed ledger, removing the need for transactions to be validated or approved. This makes IOTA more efficient and secure when transferring data from one source to another.
IOTA does not use blockchain technology in the same way that other cryptocurrency networks do. Instead, it utilizes the Tangle to provide scalability, higher throughput speeds, and zero-fee transactions.
The Tangle allows each entity in the network to act as both the customer and validator of the previous two transactions, without the need for miners to be involved in the approval or validation process. The Tangle also means that IOTA does not have "blocks" in the same way that a traditional blockchain would.
Furthermore, IOTA also has a quantum-immunity property, making it unique compared to other networks such as Bitcoin and Litecoin, which could potentially be vulnerable to quantum computer attacks in the future.
Users must first verify two transactions before they can complete their own IOTA transactions. Because there are no fees on the IOTA network, IOTA tokens are transferred to the receiver at a rate of 1:1.
IOTA is a unique distributed ledger technology with no transaction fees and high scalability. Follow the steps above to invest in IOTA and to be a part of the IOTA ecosystem.