The IOTA Foundation is preparing to take its most important step to date in the maturity of the IOTA protocol — realizing the dream of a permissionless and scalable distributed ledger technology (DLT). We refer to this event as Coordicide: the death of the Coordinator.
Decentralized & Permissionless
Unlike other DLTs, IOTA’s solution does not compromise decentralization in any way.
Scalable & Lightweight
Truly limitless scalability with no protocol-related bottlenecks. The network is limited only by hardware and the laws of physics.
Feeless & Data Transaction
Feeless transactions enable the secure transfer of data and values between humans and machines, opening up new business models based on micro-payments.
Finality within Seconds
Transactions reach finality in seconds without having to wait for confirmations by external entities. A massively reduced need for reattachments increases the reliability of transactions.
Modular & Future Proof
Much like the Internet Protocol, a layered approach enables extension of the base protocol through additional modules.
Reliable Governance & Open Source
The nonprofit organization behind IOTA drives the adoption and evolution of its free and open source technology without any collusion of interests with 3rd parties like miners.
https://coordicide.iota.org/
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