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The IOTA ecosystem is a community of developers and programmers of the Internet of Things (IoT) applications and services. Using the IOTA Tangle, an innovative Directed Acyclic Graph (DAG) and distributed ledger technology (DLT), IOTA Foundation is responsible for developing an array of novel IoT solutions. Also, the native Data Marketplace is a hub for real-time decentralized data streams that can connect to real-world devices. Here, users can access decentralized datasets using the native MIOTA token.
IOTA, which stands for Internet of Things Application, is a Distributed Ledger Technology (DLT) from the IOTA Foundation. Put exceedingly simply, IOTA is a cryptocurrency technology for facilitating transactions. As such, this is reminiscent of other cryptocurrencies, which have quickly made names for themselves over the past few years.
