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Solving the IOTA address aliasing problem by using IOTA cheques

#IotaAlias The alias problem After solving the IOTA donations problem in a previous article I was left with one more enigma: how to solve the IOTA alias problem. People have been requesting for a while now to be able to use a simple alias to denote IOTA addresses because the addresses themselves are 81 trytes long and that makes them not very handy to say the least. To combat typos we even had to add a 9 tryte checksum to the address, which only makes it more tedious to type it in. And yes, of course you can copy/paste…

Andreas Brekken proves he has no clue about the Internet of Things

I honestly hate this.Today, Andreas Brekken published what he considers being an IOTA review. The “article” mostly comprises an endless stream of screenshots showing how an obviously not-so-tech-savvy guy tries to compile and run an IOTA fullnode.At the end of his journey, he concludes, that IOTA won’t help the Internet of Things and adds a few more discrediting comments.Fortunately, all the article proves is, that Andreas has absolutely no clue about the Internet of Things.I’m not linking back to the very crappy…

How IOTA addresses are generated from seeds.

A seed and an address are both 81 trytes long. That means that in the best case every seed can map to a single unique address. Now factor in the fact that a single seed is used to generate any number of addresses and you can see that there must be an overlap taking place. However, the number of possible values for a seed/address is so ridiculously high (27⁸¹) that the chances of accidentally overlapping addresses are vanishingly small when using random seeds. And this is where the special case comes in: the algorithm…

Announcing the IOTA Ecosystem

The pace of innovation and development surrounding the IOTA Distributed Ledger Technology (DLT) continues to accelerate. The time has come to give our growing community a home. Today we are excited to announce the launch of the IOTA Ecosystem!The IOTA Ecosystem will be a platform to house the community of developers, startups, hobbyists and initiatives all over the world working towards the distributed and decentralized future we all aspire to create (think developers.google.com, but for open-source DLT applications built…

The Tangle: an illustrated introduction 2

Part 2: transaction rates, latency, and random walks In the previous article in the series, we introduced the IOTA tangle as a data structure. We also learned about tips, and the importance of choosing a good tip selection algorithm. Today we will learn about transaction rates and network latency, and the role they play in determining the shape of the tangle. We will also learn about the unweighted random walk, which will be further developed next week. In last week’s simulation, you may have noticed that transactions are…

Welcome Mark Sulavka to the IOTA Foundation

Mark Sulavka is the Managing Partner of Aquilon Holdings and the Co-founder and Chairman of Exascale AI, an artificial neural networks system based on patented limbo-thalamo-cortical algorithms, scheduled for launch in the 3rd quarter of 2018.Mr. Sulavka is also the former Chairman and CEO of the National Stock Exchange, a SEC-registered stock exchange and self-regulatory organization (“SRO”) & was Co-founder and CTO of MatchPoint Trading an equity portfolio base call market matching system with a unique lease cost…

Privacy is not a currency

If you have been living under a rock for the past 2 years, you may be unaware of the EU General Data Protection Regulation (GDPR), a replacement for the current EU data protection directive. This is of course a very Euro-centric (and yes sorry, a slightly antagonistic) viewpoint, but we hope that you will bear with us. Because we believe that the GDPR may serve as an excellent model for citizen data rights across the world.At its core, GDPR acts to harmonise the different data privacy laws used across Europe and intends…

Flash Hackathon — Winners Announced

In September, we announced IOTA Flash Channels. To get a better understanding of their function, check out our introductory post on the protocol: here. But in essence: Flash is a bi-directional off-Tangle payment channel which enables instantaneous, high-throughput transactions. In essence, they provide a way for parties to transact at high frequency without waiting for each transaction to confirm on the public IOTA network. In this post we announced the IOTA Foundation’s virtual hackathon for our Flash Channels protocol.…

IOTA: Real-world use cases are coming

IOTA: Real-world use cases are coming First things first: I am not a member of the IOTA Foundation or in any way hired by them — I am just an IOTA supporter 😉 While many people are waiting for announcements revealing the many rumored partnerships of IOTA, I would like to focus on some of today’s news about interested companies and projects and explain why they are/would be real assets to IOTA’s undertaking. But before doing so, I’d like to point out some good news to all the people holding IOTA:Exchange listings Both…

Welcome Matthew Darnell to the IOTA Foundation

Matthew Darnell is very interested in the Internet-of-Things revolution. He has worked on several projects in the industry, and has been heavily involved in the crypto/Distributed Ledger Technology community since 2013. A big believer in the expanding role of DLTs in the financial and other sectors, he is very excited to work toward achieving a bright future for IOTA. He holds a Bachelor in Computer Science from the University of Louisville and has followed IOTA closely since 2015.On joining IOTA I am thrilled and…

Welcome Alisa Maas to the IOTA Foundation

Alisa Maas graduated in Business Administration and has been active in the fields of mobility, IoT, logistics and fleet management since early 2010, gaining extensive topic expertise with regard to digital business models and product development. In her role as Senior Product and Marketing Manager at Daimler FleetBoard GmbH, she successfully led several projects and product launches focused on Internet-of-Things and telematics-based services. Alisa defined the overall product and business strategy for the first open…

The Tangle: an Illustrated Introduction 1

This is the first in a series of beginner level posts, aimed at those who want to learn more about how IOTA works under the hood. We will loosely follow the whitepaper, but go a bit slower and add some pictures to clarify the basic concepts. In this article, we introduce the tangle, explain what it is, and how we study it mathematically in the IOTA research team. To understand the tangle, we need to learn about what computer scientists call a directed graph. A directed graph is a collection of vertices (squares), which are…

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