Economy of Internet-of-Things
In a nutshell IOTA is designed to be the backbone of the Internet-of-Things economy. It is an open-source, decentralized cryptocurrency that is meticulously engineered specifically for real-time micro-transactions in an environment that requires scalable flexibility and lightweight hardware. It will solve infrastructural problems for IoT and enable the ‘sharing economy’ of distributed technological resources.
read more : https://blog.iota.org/iota-ecosystem-fund-2-million-f6ade6a4d8ba
