IOTA is a Directed-Acyclic Graph (DAG) called The TANGLE. It is not a blockchain like Bitcoin & Ethereum. IOTA is capable of fast, feeless and scalable value and data transactions. Scalable smart contract, tokenised assets and encrypted data streams will also be available on IOTA.
Companies with IOTA patents:
Mastercard, HP, Sony, BankofAmerica, Ford, TMobile, Adobe, AlibabaGroup, Audi, Jaguar, LandRover, Intel, Siemens, BoschGlobal, MercedesBenz, AmexBusiness, DellTech, BMW, VWGroup, Fujitsu_Global, Panasonic Huawai.
The migration to #Chrysalis is approaching fast! Check out the recent update from IOTA here - https://blog.iota.org/iota-research-status-updatefebruary-2021/
IOTA aims be the platform for the machine to machine economy. Tangle has no soft or hard fork capabilities. It has distributed consensus and has something similar to hash cash for proof of work. It has features such as offline capability and quantum scalability.
Luke Timmins, Plymouth