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IOTA News

RSS IOTA Reddit

  • Snapshot Question January 20, 2018
    Hello everyone, I would like to have your views on something weird that happened to me today: Randomly checked my wallet today, and I noticed that some of my IOTA was missing. Now I did not generate my seed through an online generator and my history did not show any outgoing transactions so I was […]
    /u/Monsieur_Albert
  • PSA Node ops January 20, 2018
    If you used iota.partners and have the auto update cronjob you must disable it. New release of iri 1.4.1.7_RC probably knocked your node offline. 1.4.1.7 is out and it's a good idea to check on your node. Edit: Put a '#' in front of the first line of /etc/cron.d/iri_updater to disable it. And don't forget […]
    /u/johnny_milkshakes
  • CoinPayment's vote page has listed IOTA January 20, 2018
    submitted by /u/laci420 [link] [comments]
    /u/laci420
  • No Connection with Light Wallet? January 20, 2018
    Hi anybody facing the "No connection" issue right now as i am? With all nodes that i select i'm getting it. So whats going on right now? submitted by /u/fu_sik [link] [comments]
    /u/fu_sik
  • First IoT ARC Botnet "Okiru" Discovered January 20, 2018
    submitted by /u/htbridgedigital [link] [comments]
    /u/htbridgedigital
  • this is what IOTA is about guys - now all we need is patience. January 20, 2018
    submitted by /u/sreeanne [link] [comments]
    /u/sreeanne
  • With all the discussion about seed security, is there a reason why there is no 2FA on the wallet? January 20, 2018
    Hi all, long time IOTA fan. With the recent scare about people losing their funds, I was curious as to why the wallets do not have 2-factor authentication option. I'm not too keen on the technicalities but it seems like this would prevent most attacks like what we have seen with people using insecure seeds. […]
    /u/omgcookies_
  • IOTA Physical Coin Final Design Reveal January 20, 2018
    submitted by /u/raafaell [link] [comments]
    /u/raafaell
  • IOTA confirmed trading in Brazil on xTangle January 20, 2018
    submitted by /u/drmvb [link] [comments]
    /u/drmvb
  • CognIOTA January 20, 2018
    Does anyone know the timeline for CognIOTA? submitted by /u/hold_me_beer_m8 [link] [comments]
    /u/hold_me_beer_m8

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What Is IOTA ?

IOTA is a technology that allows transactions and communications of devices without fees. The full meaning is “Internet of Things Application.” IOTA is different from other cryptocurrencies based on the fact that, it makes use of distributed ledger called “Tangle” instead of the blockchain. Tangle ledger is designed to sort out transactions at no cost so that trading with devices can be done at zero fees and also store data securely at the ledger. The reasons given by the founders for not using blockchain is that blockchain cannot handle micro payments and cannot be scaled. IOTA architecture can allow both Micro and Nano transactions on their ledger. Another notable feature in IOTA technology is the decoupling of consensus from its’ token meaning IOTA does not need miners to operate. It is decentralized ledger that is self-regulatory.

TEAM
David Sønstebø is the head of IOTA; David believes technology is the best way to improve the world from a practical point of view,
Notable names in IOTA team are David Sønstebø (IOTA founder), Dominik Schiener, Serguei Popov and Sergey Ivancheglo.
PRACTICAL USES
• It does Micro and Nano transactions, unlike other cryptocurrency’ blockchains.
• It is used for electronic voting because of its privacy functionality.
• It does mask messaging, and it is commonly used for intelligence gathering.
• It facilitates online trade transactions and other e-related business.
• It does any service that requires scalable ledger.
• It transfers data in a secured and transparent manner.
MINING.
IOTA is different from other cryptocurrencies in many ways. There is no mining, it is already pre-mined, self-regulated and there are no fees. There are no blocks but uses Proof of Works(PoW). And as a result, we don’t have the incentive to earn money with mining at all.
NOTES FOR INVESTORS
IOTA’s rise in market capitalization can be attributed to two reasons. The reasons are:
1.Investors’ confidence in their revolutionary Technology: Many investors believe that their innovative technology can be a propelling factor, to dominate the coin market sensationally. They don’t use blockchain rather what, they called “Tangle” that works in a distributed ledger. The transactions are secure, and funds can be transferred at the speed of light. It goes on and on.
2. Bitfinex sole proprietorship of its exchange and their ban on US customers. Bitfinex is the only place where IOTA coins can be exchanged. Recently, Bitfinex announced its’ termination of service to US customers and the news created a lot of anxiety to investors and crypto market at large. Investors started withdrawing their funds from Bitfinex, and they also started buying IOTA coins in large numbers thereby creating artificial scarcity. The demand for IOTA coins became so high that , the price skyrocketed to an all-time high. The volume exchange for today is approximately $1.65m price market cap.
Financial analysts have predicted a continuous hyper-rise of IOTA coins to up to 20,000% within the next three months.

MUST READ!
This little report about IOTA should not be seen as an endorsement to invest. Cryptocurrency investment is speculative, and it involves unquantifiable risks – the market is full of uncertainty, susceptible to attack and capital loss, and sensitive to secondary issues, time may do not permit to mention here.
Seek advice before investing.