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IOTA (MIOTA) is a cryptocurrency that was designed in 2016 for the Internet of Things (or Internet Of Thing). What is the Internet of Things? We have the classic vision of the internet when we connect to his computer, but today is much more than that. To put it simply, it is a concept (and not a technology) that aims to extend the Internet and therefore the exchange of data objects of the physical world. These can take any form (car, watch, gadget of any kind ...). These connected objects have the particularity of not walking autonomously, but rather of capturing and transmitting information with other connected objects.
Unlike Bitcoin, IOTA does not use blockchain technology to manage its trading book. IOTA has instead opted for the "Tangle" which is an acyclic graph called DAG (Decentralized Acyclic Graph). This new technology is supposed to correct many problems that have been encountered during the rise of Bitcoin such as scalability (or scalability) and transaction fees for example.
In addition, the Tangle has a huge advantage is that the speed of transaction on the network increases as the number of users increases. It's the opposite with blockchain technology.
To summarize in a few words, IOTA is a cryptography technology whose main objective is to facilitate transactions between devices connected to the Internet of Things (IoT). With IOTA it is possible to make micropayments, but also to make payments between machines.