IOTA is quite the interesting technology specimen! It differentiates itself from other decentralized networks. IOTA is not a blockchain; the IOTA network is called a Tangle. Think of it like a blockchain, retaining the features of decentralization protocols and security functions; but rather than forming blocks to create a chain of information, the Tangle forms the distributed ledger more assimilated like a web of information (not a chain). Sooo
. IOTA is still a peer-to-peer network and distributed ledger, but it is blockless so transactions and records of information are a bit different in their system.