Latest News

IOTA Mixer v1 Released

The IOTA mixer mentioned in my post ‘Research on Private Transactions in IOTA’ is now running on the testnet. You can try it out with your testnet funds here. The mixer is the first application aiming to improve the anonymity and fungibility of IOTA. As mentioned in the above post, as with most cryptocurrencies, IOTA’s ledger is transparent by design. This means that all transactional data can be viewed on a website like the IOTA Tangle Explorer. While Masked Authentication Messaging may be used to encrypt messages sent…

GUI Wallet: Phase Two of the Reclaim process

Two weeks ago we released an update to our GUI wallet so that users could begin with the reclaim process. The reclaim process was necessary for all users whose tokens were moved to an IOTA Foundation owned address as part of precautionary measures.Today, we are releasing a new wallet containing the functionality for the second phase of reclaim process. As part of this process, you’ll publish a PGP encrypted message containing your old seed to the tangle which we’ll then use to verify & send you your tokens.If your…

IOTA Simulations: First Preview to the Community

Over the last few months the IOTA Team has been working on a computer simulation framework of the Tangle. The intention of this simulation framework is to first and foremost, generate and examine different Tangle environments under different conditions. These simulations help us to further improve and optimize the IOTA Tangle itself, but to also show the resiliency of the Tangle against attacks or to study new potential attacks. With the IOTA Foundation officially being set up, we intend to take this research to the…

Introducing Masked Authenticated Messaging

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…

GUI v2.5.2: Latest Release with IOTA Reclaim Tool

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…

Research on Private Transactions in IOTA

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.…

What are the possibilities for DLTs like Blockchain, Tangle and other related technologies in the…

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…

Instant & Feeless — Flash Channels

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…

IOTA launches DLT Research & Innovation Network from Norway

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…

New GUI + Transition Phase Explained

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…

Privacy in IOTA

‘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…

GUI Wallet Release: v2.3.1

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…

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