IOTA is a distributed ledger developed to handle transactions between connected devices in the IoT ecosystem, and its cryptocurrency is known as MIOTA .
Read moreWhat is wrong with IOTA?
Criticism of IOTA has mainly centered around its technical flaws . As with most cryptocurrencies, IOTA’s system is nascent and unproven. A phishing attack on its network resulted in the theft of MIOTA worth $3.94 million.
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