This was just posted on Twitter by DevIOTA, looks really good! Not released yet but coming soon.
IOTA is a very promising new distributed ledger technology aimed at what will inevitably be an enormous Internet of Things ecosystem. It uses what it calls a tangle instead of the standard blockchain used by Bitcoin, Ethereum and others. It's a significantly different concept by which the Proof of Work is much more lightweight and is done by each transaction on two previous transactions, eliminating fees entirely as well as traditional mining. This is perfect for microtransactions and smaller devices such as lights, wifi routers, refrigerators, etc, which may someday pay for goods and services directly between devices. Sounds crazy now but it makes a lot of sense once the technology matures.
See my previous post here https://steemit.com/iota/@jac4b/iota-the-biggest-thing-since-ethereum
The existing wallet is considerably more limited, so this will be sure to have an enormous effect.
