What is IOTA Crypto Currency? IOTA, or MIOTA (Milli-IOTA) for short, is a next-generation cryptocurrency based on the Tangle distributed ledger technology (DLT). It was created in 2015 by the IOTA Foundation, a non-profit organization based in Germany. Who Founded It? IOTA was founded by David Sonstebo, Sergey Ivancheglo, Dominic Shiner, and Serguei Popov, who had a vision of a frictionless global economy on the Internet of Things (IoT). What Makes It Unique? Unlike traditional blockchain networks, IOTA runs on a different type of distributed ledger technology called the Tangle. The Tangle is a Directed Acyclic Graph (DAG)-based data structure that does not require miners or blocks. This type of distributed ledger technology has properties such as scalability, no transaction fees, and near-instantaneous transaction times. Where Does It Used? IOTA is widely used in the Internet of Things (IoT) ecosystem as a distributed ledger technology for data exchange and payments between devices. It is also being used for smart contracts for asset management, machine-to-machine communication and applications in network security, autonomous vehicles, and beyond. Where to Buy/Sell It? IOTA is available on numerous cryptocurrency exchanges, including Bitfinex, Binance, Bittrex, and HitBTC. You can also use an online platform such as Changelly or Freewallet to buy/sell IOTA.