IOTA is the first distributed ledger architecture that has no transaction fees and is built for ecosystems such as the Internet of Things or Web 3.0; enabling a future in which devices can securely communicate with and autonomously compensate each other.At its core, IOTA uses a gossip protocol to propagate transactions through the network. This mechanism means that any data with sufficient weight can be dispersed to the opposite side of the cluster efficiently. These transactions can carry value or data sent from a car, a…

Yesterday we re-initiated the coordinator after an unplanned shutdown that happened on 20th of October. We are now releasing a new GUI Wallet, together with the IRI Release 1.4.1.1 which happened earlier today so that the entire network can resume normal operations. More information will follow, but the main reason for the shutdown was to protect our users from an ongoing attack on the network which could have had more serious consequences due to a bug that was swiftly dealt with. Download…

I am releasing a comprehensive report on “Improving the Anonymity of the IOTA Cryptocurrency”. Anyone interested in privacy and anonymity is recommended to read it:Although they are discussed in more detail in the report, I would like to highlight some of the key points here.IOTA’s zero fees are its most striking feature. This has led some to hope that IOTA could become the ultimate privacy coin, offering free, private transactions. However, there are several inherent barriers to implementing privacy in IOTA. Some potential…

What are the possibilities for DLTs like Blockchain, Tangle and other related technologies in the electric mobility infrastructure? Blockchain technology (distributed ledger technology) is hyped nowadays. Every industry is looking at it trying to find out how it can help them streamline their processes. Sometimes the goal is to just use technology because everyone talks about it, but without any real benefit. However, due to the nature of distributed ledger technology a lot of processes in this world can be changed…

The goal of the IOTA Foundation is it to build a flourishing Machine Economy, where machines seamlessly interact and transact with each other. With IOTA, we have introduced the first scalable distributed ledger architecture that has no transaction fees and is able to run in the Internet of Things environment. The power of IOTA is in its network, as it scales horizontally with the number of network participants transacting with each other. Over the recent years, Layer-2 solutions (such as Bitcoin’s Lightning Network, and…

As the IOTA network just underwent the first public Snapshot after the exchange launch, we are now also releasing the newly prepared GUI which will help guide users through our transition phase. Before we proceed in this, please download the latest GUI version from Github: https://github.com/iotaledger/wallet/releases/tag/v2.4.0 What is the Transition Phase As the IOTA protocol has been upgraded to Kerl (full spec + tests available here: https://github.com/iotaledger/kerl) we have to transition from the old scheme to the…

‘Private Transactions’ was an item on IOTA’s development roadmap published a few months ago. This post gives a brief overview of the current situation and the work that I have been doing for IOTA@UCL. Most privacy issues in cryptocurrency are caused by address reuse. Address reuse allows anyone you transact with to find out everyone else you are transacting with (and when, and how much), in addition to how much money you have in total. This is information which businesses as well as ordinary users generally do not want…

The Quest towards a better User Experience Over the last few months the IOTA community has seen a major influx of new users. Our Slack channel alone has grown to more than 11000 members at this point, with more users joining daily. With every new user that joins the community, the time it takes for on-boarding and getting setup is critical. Thanks to the feedback that we’ve received, we have prepared a new GUI release which includes several improvements which increases the overall usability, simplicity and introduces some…

Norway has always been world leading in adopting digital technologies across both the public and private sectors and is now awaking to the potential of Distributed Ledger Technologies (DLT). The IOTA Foundation has teamed up with leading Norwegian clusters, research and academic institutions to create a new DLT research and innovation network.Taking its roots in 2016, the network took shape under the lead of Wilfried Pimenta of the IOTA Foundation through an open innovation process and a series of IOTA workshops hosted at…

By Joel Filipe Cities are installing smart sensors, connected rubbish bins and networks of cameras at an amazing rate. The rush for the “Smart City” is on. As they install devices, cities must be cautious of the increased vulnerability to attack that leaving hardware in public can cause. Background On every street corner, cameras and sensors are being installed. These networks are built to improve a city’s quality of life. They improve public safety with cameras, can monitor air quality and sense the weather.…

What are the exact functions I need? Break down what your features are and how they fit together. You need to have a clear vision of what you are building. The three main things to cover are: What will it do? How will it be powered? Does it need to communicate? These questions inform all of the answers moving forward so make sure you know exactly what you want. Did I read the spec sheets? I mean really read them. You’ll need to make sure that the components you select for your…