Ok guys, this is some contest
Who can write the best one or two sentences in their own words to catch essence of the
IOTA,
wins teh game.
~CfA~
Next generation of Bitcoin.
You know, you do proof of work to send coins, thus you do not need fees.
And since proof of work gets accumulated on each branch of DAG, it is as secure as bitcoin, but it is MORE DECENTRALIZED then Bitcoin!
And the more you use the system - the more secure it becomes -> more PoW in a DAG.