How does IOTA work?
Unlike other cryptocurrencies, IOTA is developed on Tangle, a new generation platform that uses DAG (Directed Acyclic Graphs): a mathematical concept. The DAG Tangle needs to approve two previous transactions at other nodes to be able to validate its own transactions. The innovative Tangle technology allows free of cost transactions. In simpler words, it’s a blockchain without ‘blocks and chains’.
The Tangle ledger allows integrity and data transmissions hence, there is no room for miners. The entire system has been designed to secure transaction data and maintain its privacy. The biggest advantage with IOTA is that information is untraceable and the identity of users is kept private hence, nothing can be traced back to the senders and recipients.