Of course, it is! It's actually quite unique as unlike other cryptos, IOTA does not have a blockchain. Instead, it uses a Decentralised Acyclic Graph (DAG) named Tangle. The Tangle allows each transaction to be processed individually, rather than simultaneously, and even allows for them to be processed asynchronously.
The platform's cryptocurrency is MIOTA and one of its striking characteristics is that it will enable micropayment transactions between connected devices.
Features IOTA possesses that are quite advantageous are:
High scalability
Low resource requirements
Zero fee transactions
Secure data transfer
Offline transactions
Quantum Immune