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. 

Price Analysis
Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.
Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ
Rakesh Upadhyay
Developers can now try out the upcoming WebAssembly smart contract platform.
Iota releases Smart Contracts Protocol alpha ahead of Coordicide rollout
Andrey Shevchenko
Price Analysis
Bitcoin’s correction is accelerating, but a bounce off the 50-day moving average could give altcoins reason to rebound off lower support levels then move higher...
Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA
Rakesh Upadhyay
Market Update
Ethereum takes aim at $2,000 while Bitcoin price retraces slightly to retest underlying support.
Altcoins breakout to new highs while Bitcoin price retests a key support
Jordan Finneseth
Altcoin Watch
Qtum, Status and Iota recently broke free of their long term downtrends after each network added new features and announced new partnerships.
Qtum, Status (SNT) and Iota (MIOTA) rally after breaking multi-year downtrend
Rakesh Upadhyay
Ubrich GmbH is providing a solution using Iota to the Frankfurt Airport coronavirus testing center.
Iota blockchain used to track COVID-19 test results at Frankfurt Airport
Marie Huillet
Addressing the community and board members, David Sønstebø reveals contradictory details about his split with the IOTA Foundation
IOTA founder David Sønstebø buries hatchets, plots future in puzzling blog
Andrew Thurman
The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder.
Founder David Sønstebø out of Iota Foundation after ‘unanimous' board decision
Turner Wright

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