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. 

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
The Iota Foundation is one of seven enterprises chosen to support the early-stage innovation of a European blockchain venture.
Iota Foundation to support EU blockchain initiative
Tom Farren
Price Analysis
BTC bulls are still trying to flip $50,000 to support and if this occurs LTC, FIL, FTT and MIOTA could rally higher.
Top 5 cryptocurrencies to watch this week: BTC, LTC, FIL, FTT, MIOTA
Rakesh Upadhyay
Market Update
PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000.
Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K
Jordan Finneseth
Muse frontman Matt Bellamy is tokenizing and selling a song recorded on the same guitar Jeff Buckley used to record his hit album Grace.
Nifty News: Muse frontman drops track as NFT, chimps create NFTs and more...
Brian Quarmby
“The fundamental goal of this collaboration is to enable granular control over data and to reduce the reliance on centralized systems that take advantage of dat... and Iota announce new data-sharing IOT partnership
Sam Bourgi
The Nectar DevNet follows on the heels of the Chrysalis upgrade and is an expansion of the Pollen Testnet released back in June 2020.
Iota 2.0 ‘Nectar’ DevNet goes live to achieve full decentralization
Osato Avan-Nomayo
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

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