IOTA

IOTA is a distributed ledger technology (DLT) that features a unique architecture and an open-source product suite for individuals, businesses, and institutions to utilize in Web3. It is built upon a directed acyclic graph (DAG) structure known as the Tangle, which can be visualized as a multi-dimensional blockchain. IOTA facilitates the exchange of data and value on a decentralized platform through secure and direct transfers, which are executed and permanently recorded on the network. Alongside its staging network Shimmer, IOTA aims to provide solutions that establish a secure and permissionless infrastructure, capable of driving the economy of the future. It enables the development of decentralized applications through the integration of Ethereum-compatible smart contracts, an advanced consensus algorithm, and thoughtfully designed incentives. IOTA offers a suite of tools for creating and managing custom Layer 2 (EVM) chains, deploying smart contracts, minting native tokens and NFTs with distinctive features, and introducing digital identities to users. The upcoming IOTA 2.0 protocol upgrade will rebuild the underlying architecture to deliver full decentralization, further enhancing the capabilities and potential of the network.