What is a cryptocurrency exchange?
A cryptocurrency exchange is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
What are IOTA's benefits?
IOTA offers a number of technical advantages over more traditional cryptocurrencies like Bitcoin. Rather than using miners to validate transactions, it insists that nodes looking to issue a new transaction must first validate two others. This eliminates the needs for network and transaction fees.