We are thrilled to announce the beginning of our partnership with IOTA Bulgaria – the local community of IOTA Foundation for Bulgaria. IOTA is based on Tangle which is an innovative new distributed ledger technology to function as the backbone of the Internet of Things (IoT). The main purpose of IOTA is to serve the machine economy by enabling feeless M2M (Machine-to-Machine) payments. For the first time, real micro-transactions are enabled due to the unique IOTA/Tangle architecture, providing developers with a brand new set of tools for their applications in both IoT and Web.
IOTA is also one of the hottest new cryptocurrencies, much different from what we have known popularly so far. Like many of you, we also hope that the ideas behind IOTA’s Tangle technology, without miners or mining fees, will allow a large-scale proliferation of micro-payments for datasets, providing access to data and building a network for companies to use and access that data for improvements to the Internet of Things. And enabling the Economy of Things!
Stay tuned for more news and upcoming events!