Скачать или смотреть Making an IOTA Payment

In this video, I show you payment of a single IOTA. IOTA is a cryptocurrency that deviates from Bitcoin-type of coins in 2 manners:

1. IOTA does not work with a 'blockchain' but with a 'tangle'. This is supposed to do away with blockchain bloat. A graphical view on (part of) the tangle can be found here: https://tangle.blox.pm/

2. An IOTA payment does not come with any 'fees'. Repeat: 'no fees' for a payment. Instead, some Proof of Work must be done for making a payment. In essence, the sender must verify 2 (random) prior payments on the tangle and thus performs some POW for this.

The IOTA network is primarily aimed for facilitating the idea of the Internet of Things, whereby various IoT machines communicate and transact with each other without human interference.

The network (and wallet software) is still very much Beta but it is a welcome new approach to cryptocurrency as opposed to a YEC (Yet Another Coin).

See the IOTA website for more information (https://iota.org/)