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In the Whitepaper, there is no mentioning of the Coordinator Node, Milestones or Snapshots, which…

In the Whitepaper, there is no mentioning of the Coordinator Node, Milestones or Snapshots, which are all current features of the IOTA protocol.Tangle White Paper (p. 9):Any path from a transaction issued at time t’ > t to the genesis must pass through this set. It is important that the size of a new cutset in the tangle occasionally becomes small. One may then use the small cutsets as checkpoints for possible DAG pruning and other tasks.Tangle White Paper (p. 19):From the above discussion it is…

IOTA’s secrets and the big “Q“

It is doubtless that in recent weeks more and more speculations have flared over when IOTA’s mysterious project “Q” is finally released. This speculation was certainly fueled by members of the IOTA Foundation itself. “Q”? What is that anyway. At this point I do not want to repeat the same things that you can find in detail about a search on the net. But for those who are new to IOTA, or have not been concerned with speculation about “Q”, here is a very good link that summarizes the basics.…

IOTA for beginners

IOTA for beginners IOTA is a new and groundbreaking distributed ledger that uses no blockchain. IOTA’s innovative, quantum-proof protocol, also known as Tangle, enables unique features such as no transaction costs, fast transactions, infinite scalability, secure data transfers, and more. IOTA initially focuses on serving as the backbone of the Internet of Things (IoT). As an introduction, I have picked out 2 different videos. A short version: https://www.youtube.com/watch?v=ivWqqfzunhI and a long detailed version:…

Welcome Ralf Rottmann to the IOTA Foundation

Ralf Rottmann is a serial entrepreneur who sold his last company to Alcatel-Lucent and now serves as the Managing Partner at grandcentrix which he co-founded. Incorporated in 2009, grandcentrix has become Germany’s largest system integrator focussing entirely on large scale Internet of Things and Smart Products development. At grandcentrix, Ralf has built an engineering organization with more than 150 full-time experts covering Ideation and User Experience Design, Electronic- and Embedded Development, Cyber Physical Systems…

Sustainable DLT/’Blockchain’ at the core of next generation distributed energy

Whilst peer-to-peer distributed renewable energy techniques rapidly turn into a reality, challenges stay in terms of transaction expenses and throughput of the distributed ledgers. Both these problems are in the core of tomorrow’s energy world. Several DLT developers, scientists (electric engineering, math, AI), and power specialists has formed the Selber group to handle these challenges, following #Hack4Weather 2017.Selber check setup 02/2018, managing different consumption and production components of a distributed…

Sentence Iota Seeds

Yes, it may be hard (admittedly, currently impossible, but with a considerably smaller margin than a random seed) to exploit this presently, but really, using a random seed stored in a password-encrypted file on your computer is much safer than a sentence seed and isn’t really that much more effort (typing out a seed is, in fact, is quite a laborious task!).But just how much less secure? There are 8.71*10¹¹⁵ possible random Iota seeds if you generate it randomly. Since the information density of an English sentence is…

Best practices for using the IOTA light wallet safely

IOTA is really a protocol created for use by IoT gadgets. The unit will happily follow any guidelines to utilize the protocol strictly, optimally and secure. Sadly, humans are not so excellent at following guidelines -if they understand them at all- plus they often have no notion of the results of certain actions. THEREFORE I decided to write a listing of guidelines and describe the why in this post.Here will be the rules:Guideline 1: NEVER generate your seed online.Principle 2: NEVER provide your seed to anyone.…

Is a memorable sentence a safe IOTA seed?

Here’s one which I get asked more regularly, and there’s plenty of nonsense ‘wisdom’ about any of it out there, therefore i am carrying out the calculations for you personally.Here may be the initial hurdle for anyone attempting a seed: you will have to transform the seed into an tackle in order to check if the deal with was ever used, that is a time-consuming process which involves hashing the seed 730 times. Which makes brute force assaults on a seed very slower. Let’s state you can do this technique in 1 millisecond.…

About Smart Contracts in IOTA

Smart Contracts certainly are a hot topic for several Distributed Ledger Technologies.Naturally, the wider IOTA community provides been discussing IOTA’s roadmap regarding their availability a lot. Actually, it is among those queries, you repeatedly hear people talk about on ask-me-anything periods with the IOTA founders.Allow’s be clear: Around this writing, IOTA will not “natively” assistance smart contracts. The IOTA Basis has publicly stated, that clever contracts will not be an attribute of the IOTA core but…

Help! My IOTA balance is zero!

(Steps to help you find your balance after a snapshot) This is the latest incarnation of an article I wrote around the time of the October 2017 snapshot. I had been helping so many people find their balance again that I decided that my time would be better spent writing the process down for people to follow as a step by step guide that I could refer them to. First of all, don’t panic, your iotas are most likely perfectly safe. Second, no matter who or what, *never* give your seed to anyone. Especially not if they say they…

IOTA vs DCI, or how an innocent hash collision became a huge ego collision

#cryptoanalyst This article describes my view on the IOTA vs DCI situation and explores why I would happily use Curl to secure IOTA. Having read the leaked emails between IOTA and DCI entirely it seems very clear to me that DCI crossed the line of objectivity so far that it isn’t even funny any more. Conflict of interest is dripping from a lot of the emails and responses. Yes, I am an IOTA aficionado, but even more so I am a developer. And a developer wants to see the truth and proof of claims that are being made. I…

How Fund Transfer is Done in IOTA

1. Overview This write-up is to show how Iota wallets transfer iotas. We will first examine how wallet works and get some idea on how fee-free transaction looks like. Finally we will take a look on the transaction and how it is stored in the distributed ledger (IOTA Tangle).IOTA Testnet is being used in this setup, and IOTA Light Wallet is setup for IOTA Testnet access. A node console is used for accessing IOTA API for further exploration.There is a sister article “How Transaction is Done in Bitcoin”. Ideally open that…

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