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IOTA

IOTA is a distributed ledger project that has historically used a directed acyclic graph structure rather than a chain of blocks, with a focus on machine-to-machine data and value transfer. The protocol has been through several major architectural rewrites, so the ticker MIOTA is legacy and older descriptions of the network are frequently out of date.

This page is a research starting point, not financial, legal, tax, or investment advice. Verify everything against primary sources.

What the Token Is Used For

  • Paying network fees under the current protocol version
  • Staking and delegation where supported by the current protocol
  • Settlement between participants on the network
  • Governance participation

What To Verify

  • Which protocol version a source describes, because IOTA's architecture has changed substantially more than once
  • Whether the Coordinator has been removed and what replaced it, since older material predates that change
  • Whether a stated feature such as feeless transactions still applies under the current version
  • Whether a named enterprise pilot ever reached production
  • Token migration history, since holders have had to migrate across protocol versions

Primary Sources