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Since its inception blockchain has been discussed both in terms of the future possibilities, as well as the limiting factors that hold it back. High transaction fees, centralization, scalability limitations and power consumption are the main challenges that limit the technology from reaching its promised potential. IOTA Foundation, a non-profit foundation focused on distributed ledger technology (DLT) and open-source ecosystem development, will change this in its most significant announcement to date... IOTA’s unique network moves beyond traditional blockchains to become the world’s first network to become fully decentralized with zero fees and the ability to scale to thousands of transactions per second, thus eliminating all of the current issues with blockchain’s structure. And, fulfilling the promise of a distributed ledger technology that can be used in real-world applications for both enterprise and IoT.
