Description
The IOTA Ecosystem is a core initiative of the IOTA Foundation aimed at fostering innovation utilizing IOTA's blockless, feeless Tangle technology. Launched in 2015, IOTA targets the Machine Economy and Internet of Things (IoT), offering scalable, secure, and instant transactions. The Tangle's quantum-proof protocol ensures high security and eliminates traditional blockchain inefficiencies like miner dependency and transaction fees. The Ecosystem Development Fund (EDF) financially supports developers creating applications, libraries, and tools that enhance IOTA’s capacity in sectors such as smart cities, digital identity, and eHealth. The initiative, backed by over 20 Tera IOTA donations, underscores the IOTA Foundation's vision of a decentralized and interconnected world through its innovative technology.
The IOTA Ecosystem is a core initiative of the IOTA Foundation aimed at fostering innovation utilizing IOTA's blockless, feeless Tangle technology. Launched in 2015, IOTA targets the Machine Economy and Internet of Things (IoT), offering scalable, secure, and instant transactions. The Tangle's quantum-proof protocol ensures high security and eliminates traditional blockchain inefficiencies like miner dependency and transaction fees. The Ecosystem Development Fund (EDF) financially supports developers creating applications, libraries, and tools that enhance IOTA’s capacity in sectors such as smart cities, digital identity, and eHealth. The initiative, backed by over 20 Tera IOTA donations, underscores the IOTA Foundation's vision of a decentralized and interconnected world through its innovative technology.
