The new kid on the block and it has made its way into the TOP10 most valuable cryptocurrency in the world. In fact, its the 6th most valuable cryptocurrency in the world.
![](https://steemitimages.com/DQmfGtfXjuzAGx7rQyr13tkna9JMPv2VeVXxkE1CU26q2Up/image.png)
It is based on the theme "THE ECONOMY OF THINGS" where it enables companies/ institutions to explore new business to business models by making every technological resource a potential service to be traded on the open/ free market with NO FEES. YEP you read it right, NO FEES.
![](https://steemitimages.com/DQmSDB1gLMLvyjevmKLpffxkcm9ieDgPYwFHqFi854db7Fw/image.png)
Source==> https://pt.slideshare.net/DominikSchiener/iota-ledger-of-things

                                  Here are some of the cool features available
 Ledger of things
==> this is a quote directly from their website "In this new autonomous Machine Economy IOTA will be the backbone. The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensors and dataloggers securely and verified on the ledger."
![](https://steemitimages.com/DQme7hwKQPpUjmexmEBRz3JE7MLmyXUbnmEigpiAJ9aXQjf/image.png)
Source==> https://forum.iota.org/t/articles-and-papers-on-iota-and-tangle/263
![](https://steemitimages.com/DQmNs3nKRSM69qgB4WWBVa1toQwCB45pSwoVvnmR1NGYp9R/image.png)
Source==> https://pt.slideshare.net/DominikSchiener/iota-ledger-of-things
Here is the exciting part, you may ask yourself, what the hell is a Tangle? This is where things take another level.  This is directly from their website
" The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network."
![](https://steemitimages.com/DQmaCzAW9Mx8MMBn8rQq2uVVq3p5yqn3iH1qst5YKC2Zuc6/image.png)
Source==> https://www.slideshare.net/DominikSchiener/iota-ledger-of-things
I am still rapping my head around the NO FEES part but lets continue.
IOTA promises Micro Transactions, Data transfer, Voting, Masked messages, Everything as a service & Anything that needs a scalable ledger.
![](https://steemitimages.com/DQmb76yPspRicNjSsgrerHyazQ2Uc5xddBB93kkrLenQfuB/image.png)
Source==> https://pt.slideshare.net/DominikSchiener/iota-ledger-of-things
![](https://steemitimages.com/DQmT4o9hiGsFHKqWGDqAMVdX46L6h3xowKKvbat6ALvvW7j/image.png)
Source==> https://pt.slideshare.net/DominikSchiener/iota-ledger-of-things

Here is the current statistic behind the recently launch IOTA (TODAY), the 6th most valuable cryptocurrency in the world
![](https://steemitimages.com/DQmPWzLs22soy8iAsYFmMXAgvCXPpHS2uRzePxKbsbLL9cf/image.png)
Source==> https://pt.slideshare.net/DominikSchiener/iota-ledger-of-things

Here is my take on my project and the token. First, let me say a big congratulation to the team that pull this off. I think they made a bold attempt of solving two of the biggest issues surrounding Bitcoin and some altcoins, that of transaction fees and scalability. We would see if this no fees model can maintain itself. They have included some interesting concepts, and I would need time to see how it unfolds to give a better judgement. 6th most valuable cryptocurrency in the world on launch is a testament to the belief that the free market place on it or probably the genius of a good promotional team. What I like about this project, it take competitiveness of the cryptocurrency space to another level. Developers now has to think outside the box to remain mainstream and viable and hopefully it works out for everyone. But with my limited knowledge I would give it a 'game changer' tag if they can pull it off. Lets see how the price action develops on this newbie


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