IOTA vs Bitcoin

  • Differences

    Now, since IOTA is not a Blockchain, we have a lot of
    differences here.

  1. IOTA is based on a directed acyclic graph (DAG) aka the Tangle, not a Blockchain
  2. IOTA has no mining, no blocks, no difficulty
  3. IOTA has no transaction fees
  4. IOTA scales almost infinitely, unlike Blockchains
  5. IOTA is not solely made as a currency but as an interoperability protocol that solves the problems of the IoT IOTA wants to enable the machine economy
  6. IOTA is lead by the IOTA Foundation, an NGO registered in Germany (approx. Oct. 2017)

 

  • Born in 2014 and created in 2015 IOTA offered an
    Initial Coin Offering (ICO) where approximately 1337 Bitcoin
    were invested.

 

  • All 2779530283277761 iotas have been
    created in the Genesis transaction. The iotas have been
    distributed among the shareholders. Not only extern investors but
    also the founders and developers had to invest with their private
    money. All iota are distributed and part of the markets (except
    the unclaimed from a few ICO investors). 2016 the IOTA Foundation
    was announced and since then, it grew in numbers and expertise.

Click here to read more about the IOTA Foundation

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