People have not started to grasp and appreciate the fact that IOTA has got rid of miners. In IOTA, the transaction issuers are also transaction approvers and these two parties are no longer decoupled as in Bitcoin and Ethereum which use miners as the transactions approvers. This will bring a huge advantage for IOTA. https://satoshiwatch.com/coins/iota/in-depth/iota-dag-tangle/
IOTA is based on a directed acyclic graph (DAG) aka the Tangle, not a Blockchain IOTA has no mining, no blocks, no difficulty IOTA has no transaction fees IOTA scales almost infinitely, unlike Blockchains IOTA is not solely made as a currency but as an interoperability protocol that solves the problems of the IoT IOTA wants to enable the machine economy IOTA is lead by the IOTA Foundation, an NGO registered in Germany (approx. Oct. 2017)