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
Backed by players like Ripple and ConsenSys, the INATBA association responds to the EC’s legislative proposals on crypto.
Blockchain industry raises concerns over EC’s proposed crypto regulations
Helen Partz
2020-09-25T13:37:25+01:00
4183
News
Blockchain could help shared device merchants avoid credit card fees, MasterCard says.
MasterCard Asia files patent for Tangle-based device billing system
Andrey Shevchenko
2020-08-26T17:39:00+01:00
4622
News
IOTA’s network upgrade Chrysalis is now live, bringing an exponential increase in speed.
IOTA’s Chrysalis Upgrade Turbocharges Network Speeds 50x
Turner Wright
2020-08-20T01:35:00+01:00
4979
News
Chrysalis is barely a week away from going live.
IOTA Revs Its Engines for Mainnet Upgrade Launch
Felipe Erazo
2020-08-10T22:10:00+01:00
6679
News
Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021.
Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021
Helen Partz
2020-06-30T20:15:00+01:00
7050
News
New decentralized social media project Society2 aims to let users regain control of their data on the Internet.
IOTA Powers New Decentralized Social Media Project
Helen Partz
2020-05-05T21:17:00+01:00
7715
News
US government decides to foster 5G and IoT technologies over defense lobby’s objections.
Controversial Decision by US Gov Could Lead to Mobile Blockchain Development
Michael Kapilkov
2020-04-16T22:00:00+01:00
2659
News
The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities.
Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC
Helen Partz
2020-04-04T02:00:00+01:00
8251

Follow us on Facebook