IOTA does not use the traditional blockchain design used by most cryptocurrencies . Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG).
Read moreWhere can I hold IOTA?
The two best IOTA wallets on the market currently are the Ledger Hardware Wallet and the Trinity Software Wallet . A hardware wallet is a physical device you will use to store your crypto.
Read moreWho has partnered with IOTA?
While most projects have since collapsed, IOTA continues to go from strength-to-strength and has announced a series of partnerships with giants like Dell and Jaguar Land Rover . One partnership that both companies have in common is Bosch.
Read moreWho is backing IOTA?
Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener, who joined later, together co-founded IOTA. The project was announced in October 2015 through a post announcing a token sale in an online bitcoin forum. 2 The roots of IOTA go back to the Jinn project .
Read moreIs IOTA Still Down?
After receiving reports that hackers were stealing funds from user wallets, the IOTA Foundation shut down the coordinator on 12 February 2020 . This had the side-effect of effectively shutting down the entire IOTA cryptocurrency.
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