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Easily convert EIGEN to IOTA with ConvertOnline's efficient tool.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.
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.