IOTA News
IOTA Reddit
- Diplomacy Please September 10, 2024We really need to get some listing's on the American exchanges. Hopefully someone in the iota foundation can diplomatically make it happen. I say diplomatically because I believe iota has been kept out of these exchanges because of the fighting that happened in the past. It's time to bury the hatchet. The people that were […]/u/ViewBoth3198
- Iota regulation in US September 9, 2024What is the status of iota complying with regulations in the US, pre and post coordicide? submitted by /u/tonguspongus [link] [comments]/u/tonguspongus
- Is this sub still alive? September 8, 2024I'm not seeing remotely as much activity as before, what's been going on lately? How do you feel about Iota nowadays? Do you have a positive or negative outlook going forward? Why? What do you think are the main ups and downs of Iota? submitted by /u/Sargaxon [link] [comments]/u/Sargaxon
- Blog | Read about how IOTA drives blockchain innovation in Europe September 5, 2024submitted by /u/TSDias2 [link] [comments]/u/TSDias2
- Recover secret from IOTA Wallet 2.5.6 (AD 2017) September 3, 2024I have an old computer with IOTA Wallet 2.5.6, connecting to https://node[dot]iota[dot]cafe:443 , but it is no longer working (somthing about TLS cert expired). Can I still recover it now? I can't find any back up seeds. submitted by /u/truongsinhtn [link] [comments]/u/truongsinhtn
- So what's the deal with 'Hans'? September 2, 2024Hans used to be very active on twitter/discord and github. He has been totally silent since march and apparently that's all being accepted by the IOTA-community? I don't see any valid reason why such a vocal and important dev stays totally quiet for months. What am I missing? submitted by /u/Y0rin [link] [comments]/u/Y0rin
- We're hiring a Rust Engineer - apply now! September 2, 2024submitted by /u/TSDias2 [link] [comments]/u/TSDias2
- Spec Weekly: Grant Recipients - Cohort 1 August 31, 2024submitted by /u/kutkraftSW [link] [comments]/u/kutkraftSW
- Iota lending August 24, 2024Anybody tried this new iota lending platform yet? The returns look unsustainable. iolend? submitted by /u/juxtaposezen [link] [comments]/u/juxtaposezen
- Spec Weekly: IOTA EVM Infrastructure is world class August 23, 2024submitted by /u/kutkraftSW [link] [comments]/u/kutkraftSW
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.