| Wallets |
A permissionless distributed ledger for a new economy
IOTA is a revolutionary new, next generation public distributed ledger that utilizes a novel invention, called a “Tangle”, at its core. The Tangle is a new data structure based on a Directed Acyclic Graph (DAG). As such it has no Blocks, no Chain and also no Miners. Because of this radical new architecture, things in IOTA work quite differently compared to other Blockchains.
IOTA is a distributed ledger for the Internet of Things that uses a DAG, which has no fees on transactions and no fixed limit on how many transactions can be confirmed per second in the network (conventional blockchain); instead, the throughput grows in conjunction with activity in the network (i.e., the more activity, the faster the network).