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Easily convert COMP to IOTA with ConvertOnline's efficient tool.
Compound (COMP) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies in a trustless manner. By utilizing smart contracts on the Ethereum blockchain, Compound enables users to earn interest on their crypto assets or take out loans against them without the need for traditional intermediaries.
IOTA is a cryptocurrency designed specifically for the Internet of Things (IoT), allowing secure machine-to-machine transactions without the need for traditional transaction fees. It utilizes a unique ledger technology called the Tangle, which is a Directed Acyclic Graph (DAG) that enables scalability and instant transactions.