The IOTA cryptocurrency is a fee-free network for your transactions. Your network works like a point-to-point network, meaning anyone on the network can confirm transactions, not depending on mining. IOTA can be said to be a cryptocurrency geared towards speed, but energy saving, since there are no miners in its network. The fact that anyone on the network can confirm transactions makes confirmation practically instantaneous, the more people the faster the confirmation on the network of a transaction. IOTA is the crypto created for the internet of things.