-- IOTA is supposed to be an innovative new distributed ledger technology which would function as the backbone of the Internet of Things.
-- IOTA is NOT a Blockchain.
-- IOTA has no mining, no blocks, no difficulty, no transaction fees.
-- IOTA is fee-free system - you can check the whitepaper here:
http://www.tangleblog.com/wp-content/uploads/2016/11/IOTA_Whitepaper.pdf
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