Thanks for the warm welcome everyone!
Welcome David. Your website looks very nice and the project sounds very intriguing. Would you mind explaining a little bit about the governance architecture of IOTA please? How trust in the system established and maintained?
Thanks for the kinds words.
For sure, so in IOTA there is no mining and there are no fees, instead transactions are confirmed by very lightweight PoW which is established by an unique alloy of techniques whose combination gives an unprecedented result. If you have read the whitepaper you will get a better idea. The details are quite challenging to explain in layman terms. But if you are an experienced programmer it will be easier to grasp. In short: Iota client doesn't need to order transactions, it doesn't need to track balances, it doesn't need to validate transactions most of time except lightning-fast verification of a PoW token.
If you have any specific technical questions we'll try to answer them as clear as possible