@tradewonk

Salutations. I am JaiChai.

Pleased to make your acquaintance.

Excellent post. Thanks.

I know that I am preaching to the choir to you when it comes to IOTA. But please allow me to submit the following for the benefit of our fellow Steemians, ok?

RE: Your Post

Yes, IOTA is a non-blockchain, no mining necessary, cryptocurrency. It's consensus is a DAG (Directed Acyclic Graph) - the Tangle.

And yes, one of its claims to fame is IOT (Internet of Things) enhancing properties, but currently focuses more on D2D (Device-to-Device; some prefer the term Machine-to-Machine) and Business-to-Device transactions than Person-to-Business.

However, they just came out with a decentralized, secure form of sending and receiving communications through their DAG Tangle.

BTW, Byteball and HCash use the DAG too.

Other selling points are the no fee transactions (as you stated earlier), micro-payment friendly, superior scalability and "built from the ground up" quantum resistance via the MCMC (Markov Chain Monte Carlo) algorithm.

As a parting shot, here are three little known things about IOTA:

• Project Jinn

• Optimized Hardware to exploit its distributive capabilities

• Ternary vice Binary

These are all projenitors of IOTA.

Looking forward to your future posts.

Upvoted and following you now.

Namaste,

JaiChai