IOTA is a cryptocurrency designed for the Internet of Things. But before we get into why the Internet of Things needs IOTA, lets look at what IOTA can offer to the existing cryptocurrency scene. … IOTA has 4 HUGE advantages over Blockchain cryptocurrencies in that it is: Scalable.
IOTA does not use the traditional blockchain design used by most cryptocurrencies. Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG)