Blockchain could help shared device merchants avoid credit card fees, MasterCard says.
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.
IOTA’s network upgrade Chrysalis is now live, bringing an exponential increase in speed.4861
Chrysalis is barely a week away from going live.6611
Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021.6887
New decentralized social media project Society2 aims to let users regain control of their data on the Internet.7602
US government decides to foster 5G and IoT technologies over defense lobby’s objections.2635
The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities.8161
IOTA competitor Nodle Network, which has five million active nodes, is moving from Stellar to its own blockchain.5561
A team based in Madrid, one of the epicenters of the coronavirus pandemic, has released an Iota Tango platform that helps combat the coronavirus.4569
The Iota network has been down for almost a month following a $2 million theft from the platform’s Trinity Wallets.3741
Cointelegraph spoke with Iota’s founder David Sønstebø on his decision to repay $1.97 million in MIOTA to the victims of the recent hack.8113
With Iota’s “coordinator” node still on hold since the breach came to light, experts are still unclear on the extent of the hack.4429
The Iota network is set to come out of its nearly month-long vacation, as the team oversees the seed migration process following a devastating Trinity wallet hack.4298
The IOTA Foundation is strongly recommending users of its official wallet to immediately change their passwords.4231
Following a hack of IOTA official wallet on Feb. 12, the IOTA Foundation has released what it is calling a safe desktop version of the Trinity wallet.4650