What is IOTA?

[sumit513]

Can anybody explain what IOTA is all about? Is it really free?

[1715365260]

1715365260

[1715365260]

1715365260

[1715365260]

1715365260

[1715365260]

1715365260

[1715365260]

1715365260

[maku]

Can anybody explain what IOTA is all about? Is it really free?

In what sense free? The only thing that is free in IOTA is that there are no transaction fees. Other that that is is pretty much standard token.
They use something called "The Tangle" it is a blockless distribution ledger which allows transfer value without any fees.

More info: https://iota.org/IOTA_Whitepaper.pdf

[AnCap101]

I think IOTA is a good buy right now before it gets onto a better exchange

[Croin]

I think IOTA is a good buy right now before it gets onto a better exchange

Worst Idea ever, we are right now at the top of the market. The only direction will be down. You'll be able to buy ETH for below 30$ soon.

[Come-from-Beyond]

Worst Idea ever, we are right now at the top of the market. The only direction will be down. You'll be able to buy ETH for below 30$ soon.

...was dreaming Croin looking at that 5 USD bill he got from aunt Mary last Xmas.

 

[xyj790204]

i think it is a  good coin ,1000x price even not launch a better market

[ranreichman]

I think IOTA is a good buy right now before it gets onto a better exchange

Worst Idea ever, we are right now at the top of the market. The only direction will be down. You'll be able to buy ETH for below 30$ soon.

Both of these answers are pure speculation. How are they helpful?

[szafa]

I have 1 gi iota from fb.

[KRAUSS]

Do you guys know any example of IOTA usage? I mean any project what will use it.

[kenji]

what is IOTA?

IOTA has the "Tangle" that allows for zero fee transactions earthwide (micro & even nano payments)
Tangle architecture superior to blockchain
Extremely fast transactions (nearly instant)
Network gets faster with more users (Unlimited ceiling - already faster than Paypal,Bitcoin, Dash, ETH..etc)
Decentralized (Optional operator, which will be removed soon, when network can selfsustain)
Scales for the IoT (M2M transactions)
No miners & no third parties
Fair token distribution
Quantum secure (Immutable)
Interoperability
Pushing real world adoption
Strong community (13.000+ active members on slack alone)
Iot Alliance (Amazing group of developers & highly qualified scientists)
David Sonstebo, Dominik Schiener, Come from Beyond, Serguei Popov (Founders and genius behind Iota)
Recent Partnerships (Ubuntu, Cisco, Microsoft, Medtech, Huawei, Bosch, Innogy, Alpha, IBM, Gnosis, Luxoft, F6S, Satoshipay, Filament, Medtech, Slock.it, Foxxconn, IDEO, Harward Medical School, Procivis, Berkely, Seedlab, Mooti and many more.