The IOTA ecosystem is a community of developers and programmers of the Internet of Things (IoT) applications and services. Using the IOTA Tangle, an innovative Directed Acyclic Graph (DAG) and distributed ledger technology (DLT), IOTA Foundation is responsible for developing an array of novel IoT solutions. Also, the native Data Marketplace is a hub for real-time decentralized data streams that can connect to real-world devices. Here, users can access decentralized datasets using the native MIOTA token.
IOTA is one of the most exciting projects in the space with a unique underlying protocol called the "IOTA Tangle” or “DAG.” Tangle has been designed to overcome the inefficiencies of the traditional blockchain and presents a new way for a decentralized P2P system to reach consensus. IOTA allows instant micropayments without incurring a fee, ensuring the fulfillment of the smallest tasks in the unified network like sticking on a tag, turning off the tap in the bathroom, etc. This feature allows IOTA's integration into the Internet of Things by performing transactions between any machines with internet or points. IOTA addresses the main inherent issues of the Internet of Things, i.e., security and scalability.