IoT

What is Internet of Things?

The Internet of Things (IoT) is a network of hardware, software, and sensors that is networked on a worldwide scale. Real-time data collection and exchange are both possible over the Internet. Low-cost computers, the cloud, big data, analytics, and mobile technologies allow physical things to share and collect data with the least amount of human involvement. Digital systems can record, monitor, and modify every interaction between connected things in today's highly connected environment. Though they clash, the physical and digital worlds coexist.

There are certain cryptocurrencies that are especially focused on Internet of Things capabilities, albeit the two businesses are generally only loosely tied. IOTA, one of the biggest of them, intends to build a blockchain that facilitates quick regular and microtransactions with no costs. It enables the exchange of value as well as data between IoT devices.