https://themerkle.com/wp-content/uploads/2016/05/IOTA.jpg # IOTA description: https://imgp.golos.io/0x0/https://i.gyazo.com/cbc875d6adbdf0b76c9da0f80eb9118b.png 1. Based in **Oct 2015** for solving problem Internet-of-Things (IoT), transactions fee in blockchain is too huge for Internet of things (from car to light bulb). 2. In blockchain you need to pay to miners or coin holders for confirmation. **In IOTA users confirm transactions of other users**. 3. **Zero Fees**, you can make micropayment in realtime. 4. Instead of blockchain they use DAG – ** directed acyclic graph**. https://imgp.golos.io/0x0/https://i.gyazo.com/2cb2813b7453d8c320fc1c2dc5a67a51.png https://imgp.golos.io/0x0/https://i.gyazo.com/43c8bad60cd7b63403ce2d19eabb01b0.png [Tech info about DAG.](https://www.weusecoins.com/assets/pdf/library/Tangle%20-%20a%20cryptocurrency%20for%20Internet-of-Things%20industry%20-%20blockchain%20alternative.pdf) 5. **Total in system 2,779,530,283,277,761 Iota** ^{(MAX_SAFE_INTEGER - Javascript)} https://imgp.golos.io/0x0/http://www.iotasupport.com/images/iotavalues.png 6. ICO / Crowdsale **was in Dec 2015**, funded **1,337 bitcoin** for development. 7. **Owners** David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. Popov laid out the math required for the Tangle, Serguei and Dominik written into code, The project is led by David. 8. The **more transactions**, the **more quickly** each transaction will be confirmed. https://imgp.golos.io/0x0/http://www.iotasupport.com/images/wii-fasttxs.png 9. **From March till Jun** was exchanges, [prices here ](http://iotaprice.com/). 10. Links: [Website](https://iota.org/) [Buy](https://goo.gl/LMUVuM) [Reddit](https://www.reddit.com/r/Iota/) [API](https://iota.readme.io/docs/getnodeinfo) [Byteball vs IOTA-token](http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/) ## Bonus: [ICO Analysis: IOTA from hacked.com](https://goo.gl/Km433I) for free.

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