What we're about
Seattle IOTA Meetup is hosting a quarterly meeting focused on the many opportunities in the Blockchain IOTA space.
THE BACKBONE OF IOT IS HERE
Scalable, Decentralized, Modular, No Fees
THE ECONOMY OF THINGS
As Internet-of-Things keep expanding the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
IOTA is a next generation public distributed ledger that goes beyond regular blockchain by deploying an entirely new architecture based on directed acyclic graph (DAG) called Tangle. The IOTA protocol get rid of fees, scaling and centralization issues that have plagued blockchain since incarnation. In the Tangle ledger every user is also a validator, giving rise to an entirely self-regulating maximally decentralized network. This makes it an ideal transmission platform for ensuring and distributing data with tamper proof guarantee. IOTA was founded by blockchain pioneers David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Serguei Popov and is already recognized as the world leader in Internet-of-Things, as well as being ranked top 5 crypto only 2 months after release. IOTA is developed by the non-profit open source IOTA Foundation with headquarters in Germany and Norway.