In 2015, the IOTA project was launched with a vision of creating a distributed ledger for the Internet of things (IoT). Initially, the project had unusual design architecture but it was rewritten later on to embrace established standards. In 2019, the theoretical foundation of a feeless, fully decentralized and secure IOTA protocol was launched and it was known as IOTA 2.0. The IOTA project, named after the smallest letter of the Greek alphabet, was funded initially by an online crowd sale and it created amazing vibes due to its novel concept of distributed ledger technology (DLT).
Heard About IOTA in 2017-2018 from one of my friend never thought to look what it is how it works and after that I heard IOTA at the time when The Trinity Wallet was hacked and i thought that they will never come back now from here or will never try to move forward but after reading this post i can say that they were slow but there team is really hardworking after such a failure they are coming back with a fully new system and i can say really impressive because we humans need everything to work as fast as possible and it's same with the transaction speeds too and if there is a huge difference and if it's security is as tight as they have stated then it will not take huge time to make this project a success
Atlast Wanna say just That if they succed or not but they have proved that you can try again and again after failure's
PS : Everyone has different thought so don't judge me ;)
Internet of Things (IoT) devices have become an important development in the new world economy with a technological "arms race" to make every product "smart." IOTA aims to make use of this newer technology in a way that traditional blockchains cannot. Using a new type of distributed ledger technology (called Tangle), every transaction and device on the network becomes a "miner," creating a large and equitable system with low-resource IoT devices creating scalable, no fee, and, most importantly, lighting fast transactions. As there is no staking or traditional mining, large holders do not receive a disproportionate share of votes and decentralization is maintained. As mentioned in the article, IOTA has had many bumps along the road, needing to create brand new architecture that wasn't available in the cryptocurrency space. Security seems to be a key issue with the platform, and if they've figured that piece out, IOTA can be revolutionary. IoT devices are already in the billions with production only accelerating. Tapping into IoT technology could be the key to unlocking cryptocurrency's potential as a scalable, fast, feeless, decentralized payment alternative to traditional fiat.
I looked at IOTA earlier this year, I missed the boat on in Dec but maybe it;s time to jump in!
Nice update. It's cool to see IOTA giving it a second go. Let's hope this time around it works.
This is hella interesting and probably soon something that would change this whole game.
We’ll see what happens 👀
Heard About IOTA in 2017-2018 from one of my friend never thought to look what it is how it works and after that I heard IOTA at the time when The Trinity Wallet was hacked and i thought that they will never come back now from here or will never try to move forward but after reading this post i can say that they were slow but there team is really hardworking after such a failure they are coming back with a fully new system and i can say really impressive because we humans need everything to work as fast as possible and it's same with the transaction speeds too and if there is a huge difference and if it's security is as tight as they have stated then it will not take huge time to make this project a success
Atlast Wanna say just That if they succed or not but they have proved that you can try again and again after failure's
PS : Everyone has different thought so don't judge me ;)
Thanks for this info. Gave me some new topics to dig in to...
One of the most established players in the IOTA ecosystem
They went through a difficult and grueling process.
but they continued to work and renew.
I think they will be successful and will always be here.
iota 2.0 devnet is an initiative worthy of review and consideration
Thanks for the informative article.
Internet of Things (IoT) devices have become an important development in the new world economy with a technological "arms race" to make every product "smart." IOTA aims to make use of this newer technology in a way that traditional blockchains cannot. Using a new type of distributed ledger technology (called Tangle), every transaction and device on the network becomes a "miner," creating a large and equitable system with low-resource IoT devices creating scalable, no fee, and, most importantly, lighting fast transactions. As there is no staking or traditional mining, large holders do not receive a disproportionate share of votes and decentralization is maintained. As mentioned in the article, IOTA has had many bumps along the road, needing to create brand new architecture that wasn't available in the cryptocurrency space. Security seems to be a key issue with the platform, and if they've figured that piece out, IOTA can be revolutionary. IoT devices are already in the billions with production only accelerating. Tapping into IoT technology could be the key to unlocking cryptocurrency's potential as a scalable, fast, feeless, decentralized payment alternative to traditional fiat.