MIOTA, also known as IOTA, is a cryptocurrency that was created in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. Unlike other cryptocurrencies, IOTA does not use a blockchain but instead uses a technology called Tangle. Tangle is a directed acyclic graph (DAG) that allows for faster and more scalable transactions. IOTA is designed to be used for the Internet of Things (IoT) and aims to provide a secure and feeless way for devices to communicate and transact with each other. The IOTA Foundation, a non-profit organization, oversees the development and adoption of the IOTA technology.

One of the unique features of IOTA is its ability to handle microtransactions without any fees. This is made possible by the Tangle technology, which allows for transactions to be confirmed by other transactions in the network. This means that as more transactions are made, the network becomes more secure and faster. IOTA also has a fixed supply of 2.78 billion tokens, which means that there will never be any inflation. The IOTA Foundation has partnered with several companies, including Bosch, Volkswagen, and Fujitsu, to explore the use of IOTA in various industries. Overall, IOTA has the potential to revolutionize the way devices communicate and transact with each other, making it a promising cryptocurrency for the future.