IOTA: A Blockchain-less *GASP* Token for The Internet of Things

In today’s digital age, there are many people on the quest towards the Internet of things (IoT). Now, a new micro-transaction crypto-token called IOTA looks to facilitate the architecture involved with IoT. However, while IOTA is a "decentralized cryptocurrency" it operates a little differently than those powered by blockchains.

The IOTA protocol runs off of Tangle, which has similar functionality to a blockchain yet acts more like an emulated version giving it more versatility. Tangle’s representation is an acyclic graph, which has an order yet can go in any finite partial order represented by the original structure. Co-founder of IOTA, David Sønstebø believes his team’s platform combined with its micro-transaction solution can not only create a new bridge of payments in our online world, but also change the landscape of everyday life.

Cointelegraph spoke with David Sønstebø to get an inside look at this new cryptotoken, the endless options with microtransactions, and how IOTA will facilitate the Internet of Things.

“IOTA is a decentralized, very lightweight micro-transaction token that is optimized for the Internet-of-Things. It is essentially a blockless ledger without any sort of fees on transactions. ‘Money of IoT.’”

— David Sønstebø, Co-founder of IOTA

Cointelegraph: What is Tangle and how does it apply to your system?

David Sønstebø: In short, the Tangle is a type of Directed Acyclic Graph, but you could also cal