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The best way to stay connected to the Android pulse. The Merkle IOTA is a cryptocurrency, but that doesn’t tell you much.

It’s very different from other forms of digital money like Bitcoin, Ethereum, Ripple, and Dash — it’s designed for the Internet of Things (IoT). Its developers see a future where machines trade resources (electricity, storage, bandwidth, data, etc.) and services with each other using IOTA as payment.

IOTA solves many of the problems other cryptocurrencies face. This is because it’s not based on a blockchain but rather on a directed acyclic graph (DAG), referred to as the Tangle.

The free nature of IOTA opens the door to micropayments, which will be important as the IoT industry develops and grows. Bitcoin and other cryptocurrencies fail in this area: when sending a small amount of money to someone, you have to pay a transaction fee that can be many times larger than the payment. Read more from androidauthority.com…

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