A Layer 1 blockchain that has been operating since 2015. It was designed to address challenges such as high transaction fees and scalability constraints, with mechanisms suited to a wide range of real-world use cases.
In 2025, IOTA introduced the Move language—also used by Sui and Aptos—to enable smart contracts. This upgrade targets extremely high throughput, theoretically exceeding 50,000 TPS, making the platform applicable to a broad set of use cases.
Through initiatives such as TWIN and TLIP, IOTA has been used in real-world trade and logistics contexts, including border checkpoints and customs-related workflows in the UK and parts of Africa. These projects aim to digitize paper-based trade documents and synchronize logistics data with payments in near real time.
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