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| Unit | |
|---|---|
| Plural | IOTAs, MIOTAs |
| Nickname | MIOTA |
| Demographics | |
| Date of introduction | 21 June 2014; 10 years ago (2014-06-21) |
| User(s) | Worldwide |
| Issuance | |
| Central bank | Decentralized Peer-to-Peer Network |
IOTA is a public distributed ledger that stores transactions in a directed acyclic graph (DAG) structure, called a Tangle. The Tangle is used in place of the blockchain structure commonly used by other cryptocurrencies, such as Bitcoin.
IOTA is a cryptocurrency designed specifically for the Internet of Things (IoT) that can be used for the secure sale and sharing of data streams..
Microsoft partnership scandal
In November 2017, IOTA was said to have a partnership with Microsoft. The organization was later derided when it clarified no formal partnership existed.
Bosch Investment
In December 2017, Bosch announced it has purchased a significant number of IOTA tokens to support creation of new business models for the Internet of Things.
Volkswagen Cooperation
In February 2018, Volkswagen announced a cooperation with the IOTA Foundation to incorporate its technology into the autonomous driving initiatives of the German car giant.
References
- "Iota Whitepaper" (PDF).
- "What is IOTA?".
- https://www.bloomberg.com/news/articles/2018-02-14/next-generation-crypto-ledgers-take-the-block-out-of-blockchain
- Shields, Nicholas (26 December 2017). "Robert Bosch bets on IOTA". Business Insider UK.
- Chavez-Dreyfuss, Gertrude (28 November 2017). "Blockchain network IOTA teams up with Microsoft, others on data marketplace". Reuters.
- "Microsoft and IOTA launch first cryptocurrency market for the Internet of Things". The next web. 28 November 2017. Retrieved 04 March 2018.
{{cite web}}: Check date values in:|access-date=(help) - "IOTA clarifies it has no formal partnership with Microsoft [UPDATED]". The next web. 12 December 2017. Retrieved 04 March 2018.
{{cite web}}: Check date values in:|access-date=(help) - http://www.bosch-presse.de/pressportal/de/en/robert-bosch-venture-capital-makes-first-investment-in-distributed-ledger-technology-137411.html
- https://themarketmogul.com/vw-iota-cooperation-agreement/
External links
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![[REDACTED]](https://u3vuiephb.global.ssl.fastly.net/File:Iota_logo.png){kind=link}