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IOTA (MIOTA) is the name for the unique cryptocurrency created by The IOTA Foundation that is built on Tangle rather than blockchain. IOTA is the first ever open-source distributed ledger designed to power the Internet of Things (IoT) – another disruptive emerging technology – with trustless, feeless microtransactions and data integrity for internet-connected devices. IOTA’s aptly named distributed ledger differs from blockchain in that transactions are not grouped in ‘blocks’ but rather as a stream of individual transactions tangled together. IOTA’s vision is to become the digital currency for the incoming machine economy brought about by the Internet of Things.