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. 

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Zhiyuan Sun
2022-01-13T22:20:24+00:00
7940
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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.
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“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
8442
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Tom Farren
2021-12-03T19:30:00+00:00
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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.
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Tom Farren
2021-12-02T14:00:00+00:00
19682
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Tom Farren
2021-11-19T17:40:46+00:00
10117
News
The staging network, titled Shimmer, will ensure all upcoming Iota upgrades are community-approved before roll-out, one of the critical components of a decentra...
Iota Foundation to launch staging network and reward token
Tom Farren
2021-11-16T14:00:00+00:00
8843
News
The platform will enable developers to set individual parameters for execution fees, a feature expected to suppress the fee prices to near-zero.
Iota launches beta smart contracts to foster interoperability
Tom Farren
2021-10-21T14:05:08+01:00
7579

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