IOTA is an open-source ledger technology and cryptocurrency tailored for the Internet of Things (IoT). Instead of a traditional blockchain, it employs a directed acyclic graph for its ledger, which could offer better scalability. Unlike systems that rely on miners, in IOTA, any node introducing a new transaction must validate two prior transactions. This mechanism eliminates transaction fees, making microtransactions viable. Currently, the IOTA network relies on a coordinator node managed by the IOTA Foundation for consensus. This central point makes the system centralized for now.
Trade closed: target reached:
PT #1 + PT #2 HIT!
Trade closed: target reached:
PT #3 hit
PT: #2: 0.1602
PT #3: 0.1502