Basic information about IOTA you should have

1.Brief Introduction
What is iota? It is an open source distributed account that focuses on payments and communications between machines on the Internet of Things (Note: The Internet of Things is all electrical devices such as refrigerators, televisions, radios, bread machines, computers, bus cars, Equipment such as trucks, cars, etc. will be automatically connected to the Internet.) it's full name is MIOTA. The current iota market cap is $6,634,182,879, ranking 9th. And all iota coins are created in the initial block, the total number is unchanged, and no exploitation is required. IOTA is non-inflationary. Because there is no miner mining, IOTA distributes all tokens through subscriptions.

2.Main Functions
The main functions of IOTA are fee micropayments and secure data transfer and data anchoring. With these two features, coupled with the scalability and partition fault tolerance of IOTA, a large number of use cases that can only be implemented through IOTA can be extracted.
IOTA can be said to be beyond blockchain technology and is an extension of blockchain technology. They created a brand new "Tangle", Tangle is the name of the ledger structure, Tangle is just like a blockchain, but it uses a network structure instead of a chain structure, which makes it more Extensibility and stability.

3.Team Introduction
Serguei Popov is a CS doctor who specializes in probability theory. He is a white paper author and designer of the Tangle architecture.
In September 2017, Oliver Bussmann, former chief information officer (CIO) of UBS (UBS), officially joined. Oliver Bussmann is a globally recognized leader in technology thinking and a catalyst for large-scale reforms in multinational organizations. From 2013 to 2016, Oliver Bussmann served as CIO of UBS. During this period, he successfully led a major IT change, developed a new innovation framework within the group and established UBS's advantage in developing a financial service blockchain.

4.Technical application
Currently IOTA can do two things well: transaction settlement (especially micropayments) and data integrity. Most of the use cases derived from these two functions are significant, and in most cases can only be achieved through IOTA. IOTA focuses on the Internet of Things. Through the payment of resources, services, or licenses by machines, use cases including smart cities, smart grids, infrastructure, and supply chains are all IOTA's possible goals.
The "Tangle" technology can also be used in various fields. Israel's Sirin applied this technology to the mobile phone field, focusing on creating the world's first blockchain phone called "Finney" and create a new independent blockchain.