What Does IOTA (Distributed Ledger Technology) Mean?
IOTA is a distributed ledger technology (DLT) that supports feeless transactions and micropayments for the Internet of Things (IoT). IOTA, which is managed by the IOTA Foundation, is intended to be a cost-effective, low-energy alternative to Blockchain for the machine economy.
Techopedia Explains IOTA (Distributed Ledger Technology)
While a Blockchain ledger links blocks of transactions together in a linear, sequential manner, IOTA’s ledger uses a graph database structure. Data and transactions are stored in storage objects called messages, and each message can be linked to multiple parent and child messages. The collection of all messages is called a directed acyclic graph (DAG) and is referred to by practitioners as the Tangle.
