IOTA

Ethereum co-founder Vitalik Buterin spoke out on Monday against centralized projects associating themselves with the “crypto” ecosystem. The founder called out IOTA and XRP in particular, which he called “completely centralized.” In an interview with the Bankless podcast, Vitalik said he was beginning to deliberately use the word “Ethereum” as opposed to “crypto” when discussing decentralized applications. “It’s not maximalist,” he noted. “It’s more saying ‘we are not going to ally with you are a cryptocurrency by default.’” Vitalik explained…

The role of blockchain technology in the financial world has been apparent for the past decade. Generally, crypto and blockchain have brought about revolutions in many different economic and noneconomic industries globally. Generally, each blockchain has unique features and problems to tackle in the industry. For example, Ethereum was introduced for smart contracts, IoTA was introduced primarily for the internet of things, and Vechain came with traceability solutions.  This guide will look into Vechain's traceability solutions, how they affect the…

The Internet of Things (IoT) has radically altered how we interact with each other and machines. Today objects utilizing smart sensor technology can communicate in real time over networks and systems. As a result, there’s a budding Machine to Machine (M2M) industry. However, it’s hampered by gaps in the supporting technology.  The IOTA Foundation found an opportunity to bridge these gaps through its Tangle network and marketplace. Tangle is the next-gen distributed ledger technology (DLT) network that facilitates easy communication…

Director of Research at the IOTA Foundation, Billy Sanders, said the IOTA congestion control algorithm is now implemented into GoShimmer, and soon they will release the Nectar. The IOTA Congestion Control Algorithm (ICCA) remodels the transaction process to reduce potential congestion and regulate writing access to the ledger. The ICCA accomplishes this through the scheduler, the rate setter, and the blacklister. The scheduler decides the transactions that are written into the ledger and gossiped. The rate setter uses a classical…

IOTA posted on Twitter on August 10, about delivering an upgrade of the Chrysalis mainnet in the coming week. As per the tweet, IOTA 1.5 update means an entirely new experience for users utilizing the IOTA network now. In the past, users were a bit skeptical about IOTA’s successes considering the delay of this scheduled upgrade. However, user's agree that this excellent step into achieving the set goals by the IOTA Foundation was worth the wait. What Users Can Expect…

Good Year for Most, Rough for Some 2020, so far, has been a sort of balanced year for cryptocurrencies. One might have expected the pandemic would slow things down, especially with the market crash we saw in March, but that hasn’t been the case so far. Overall, the market has done pretty well with constant stability, increasing user base, and growing innovation. But the same isn’t the case for all of the networks out there. While most enjoyed the increased…

IOTA - A Brief History IOTA is a cryptographic protocol that runs on a unique form of Distributed Ledger Technology (DLT), significantly different from most cryptocurrency projects. It is different for one vital reason; IOTA doesn’t run on a blockchain! As we have tried to iterate multiple times, blockchain, the distributed database technology, is just a subset of DLT. So then, what kind of database technology does IOTA use? IOTA was developed and initiated by David Sønstebø, Dominik Schiener, Sergey…

IOTA founder Sønstebø intends to refund victims of the major February 14 IOTA hack with his own tokens.  The exchange plans to re-enable its network in the coming days to revive IOTA prices. Time will tell whether the Foundation will be able to make strides towards improving the security of its network and wallets. Towards the end of last week, IOTA co-founder and board co-chairman David Sønstebø revealed on twitter that anybody who lost funds in the recent IOTA [wallet]…

The IOTA network has made giant strides toward real-world adoption in the three years of its existence. The project's developers used the Coordinator as a vital element in ensuring the funds' security. The Coordinator is a security mechanism that prevents double-spends and provides transaction finality. IOTA announced the launch of Coordicide in May 2019. This upgrade removes the network's centralized Coordinator. As stated in the press release, Coordicide aims to provide a new type of decentralized mechanism for securing data and…