The launch of the first IOTA mainnet in June 2016 was the start of the journey to revolutionize Blockchain. IOTA introduced the very first distributed ledger based on a directed acyclic graph (DAG) - a scalable and lightweight protocol to overcome rising costs and power consumption by removing miners and fees. It is called “the Tangle”. The Tangle was designed to be a more equitable, democratic and secure network, where every node would directly contribute towards the security of the overall system.
Tangle Bay offers a variety of services to the IOTA community.