Iota News

Iota aims to be the economic layer for the Internet of Things, bringing microtransactions and data storage to a network of connected devices. It uses a distributed ledger technology called the Tangle, which is based on directed acyclic graph technology rather than blockchain. 

Iota began as a pivot from an IoT microprocessor venture called Jinn. The Jinn team held a crowdsale in September 2014, promising holders of its native Jinn token a share in the company’s profits. The team pivoted following concerns around the regulatory soundness of Jinn tokens. In 2015, the project announced Iota, a cryptocurrency network for IoT devices that utilized some of the cryptographic techniques researched and developed at Jinn. 

Iota does not have blocks, miners or transaction fees as are featured in most public blockchain networks like Bitcoin or Ethereum. This is to allow the scalability and speed necessary for machine-to-machine microtransactions, which are denominated in its native token, MIOTA. Instead, each transaction validates the previous two transactions, achieving consensus first locally then globally. 

The Iota Foundation, a German nonprofit, is currently building out the Iota ecosystem. 

News
The Iota Foundation joined Dell alongside ClimateCHECK and BioE to fight climate change using real-time carbon footprint data.
Iota Foundation joins Dell to develop real-time carbon footprint tracking
Arijit Sarkar
2022-06-07T10:22:40+01:00
4810
Interview
Cointelegraph tech reporter Tom Farren visited Imperial College London to gain firsthand insight into its joint project with Iota and the potential use cases fo...
How behavioral tokenomics could facilitate the creation of a circular economy
Tom Farren
2022-03-03T19:30:00+00:00
3608
News
In the coming months, Iota plans to pilot product passports for digital waste recycling and the cross-border management of intellectual property rights for arti...
Iota selected for Phase 2A of EU blockchain initiative
Zhiyuan Sun
2022-01-13T22:20:24+00:00
9820
Altcoin Watch
Bitcoin's drop in the first ten days of 2022 is still less disappointing than some of its top crypto rivals that have fallen much harder.
These 3 cryptocurrencies are taking an even bigger hit during Bitcoin's price slump
Yashu Gola
2022-01-10T15:48:23+00:00
29169
News
“Assembly addresses the limitations of current scaling solutions by using the feeless base layer of Iota as an immutable trust anchor and as a trustless bridge ...
Assembly announces $100M capital raise, receives praise from Iota co-founder Dominik Schiener
Zhiyuan Sun
2021-12-10T17:57:16+00:00
9250
Newsletter
MonoX and BadgerDAO suffer callous security attacks, Borderless Capital opens a $500-million fund to advance Algorand’s ecosystem, and Iota is to launch Assembl...
Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3
Tom Farren
2021-12-03T19:30:00+00:00
7235
News
The Assembly mainnet, which is expected to launch in 2022, has pledged to distribute 70% of its native ASMB token supply to an array of community participants.
Iota set to launch decentralized smart contract platform to expand Web3 ecosystem
Tom Farren
2021-12-02T14:00:00+00:00
20226
Newsletter
Acala was victorious in Polkadot’s first parachain auction, Iota announced its staking network and Uniswap liquidity providers lose money — all coming to you in...
Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19
Tom Farren
2021-11-19T17:40:46+00:00
10413

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