Draft:
The IOTA Foundation is the global not-for-profit foundation behind an ecosystem of open-source digital infrastructure, including its distributed ledger technology (DLT) known as the Tangle, an incentivized staging network called Shimmer, and Assembly, a network for permissionless smart contracts.
The Tangle is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer with the goal of being the most reliable DLT infrastructure for Web3 applications and digital economies. As a robust network for exchanging value and data between humans and machines, it is the first distributed ledger built for the Internet of Everything. The Tangle is highly scalable, allowing transactions to be added in parallel unlike blockchain alternatives; it also boasts low resource requirements, as well as zero-fee and fast transactions with finality within seconds. [1]
Although other blockchains are also ledgers, they do not have the same parallel system. This means that in the IOTA network, transactions can be processed simultaneously. They are not necessarily required to follow a sequential order in which transactions are stored in a queue. As more nodes become part of the Tangle, the network becomes more efficient and secure. The system also does not require full node miners as each new transaction can be validated by referencing the last two purchases. This not only reduces transaction processing time, but also reduces the number of resources required.
Therefore, there are some specific features for IOTA:
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