Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021.
Iota is a cryptocurrency designed for use in the internet of things, enabling secure sales and trading data streams, with no need of transaction fees and miners to maintain to operations. Iota aims to get rid of all the biggest troubles of major cryptocurrencies, such as lack of scalability, mining expenses, and slow transaction speed.
Iota is unable to have a Turing complete language in its system, making it very different from Ethereum or NEO. The world is moving forward to a machine-to-machine interactions ecosystem, and it’s in the definition of Iota to be the crypto platform fueling those transactions. In theory, Iota’s network should become the best solution for an IOT with its transaction fee-free platform perfectly suitable for machines to communicate with each other. Iota’s coin MIOTA trading, which is one of the major currencies on the cryptomarket, shows a lot of support for that idea.
New decentralized social media project Society2 aims to let users regain control of their data on the Internet.6927
US government decides to foster 5G and IoT technologies over defense lobby’s objections.2496
The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities.7860
IOTA competitor Nodle Network, which has five million active nodes, is moving from Stellar to its own blockchain.5345
A team based in Madrid, one of the epicenters of the coronavirus pandemic, has released an Iota Tango platform that helps combat the coronavirus.4449
The Iota network has been down for almost a month following a $2 million theft from the platform’s Trinity Wallets.3610
Cointelegraph spoke with Iota’s founder David Sønstebø on his decision to repay $1.97 million in MIOTA to the victims of the recent hack.7907
With Iota’s “coordinator” node still on hold since the breach came to light, experts are still unclear on the extent of the hack.4348
The Iota network is set to come out of its nearly month-long vacation, as the team oversees the seed migration process following a devastating Trinity wallet hack.4207
The IOTA Foundation is strongly recommending users of its official wallet to immediately change their passwords.4145
Following a hack of IOTA official wallet on Feb. 12, the IOTA Foundation has released what it is calling a safe desktop version of the Trinity wallet.4614
The Iota Foundation announced an investigation into reported Iota thefts, possibly linked to the Trinity wallet.4244
A co-founder and former lead developer of IOTA has threatened the project’s co-founder and IOTA Foundation director David Sønstebø with a lawsuit.4280
IOTA announced Chrysalis, an intermediate upgrade before the Coordicide that will add important features such as reusable addresses and IOTA-based tokens.6120