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The Tangle is the technology heart of the IOTA Foundation; a permissionless, feeless, multi-dimensional distributed ledger, designed as the foundation of a global protocol for all things connected.
"Powering a secure, scalable and feeless transaction settlement layer, IOTA will empower machines and humans to participate in flourishing new permissionless economies -- the most important one being the Machine Economy, which we are building," said the Foundation.
Backed by significant investment from some of the most respected players at the forefront of new technologies, the company vision is to bridge the gap between the mass market and the blockchain economy by creating a simple-to-use, feeless, ultra-secure standard that will solve the current blockchain pains of security and poor user experience.