Introduction (Read Part I) This is part II in a series of pieces attempting to dig up chunks of history and relate those chunks to the present IOTA experience. Expect the first few parts of the series to lay fairly rigorous groundwork in order to enable proper payoff of later pieces in the series. The Sands of Time series proceeds through history in chronological order, so the reader will gain maximum benefit by reading the pieces in the order they're written. Start with Part I of the series.In Part I, we learned…

GoShimmer is the group of technologies that will lead to Coordicide (Coordicide = IOTA 2.0). Reaching Coordicide is a multi-step process, however, so Chrysalis is the name given to the intermediate phase transitioning from current IOTA 1.0 to future IOTA 2.0. Chrysalis is therefore referred to as IOTA 1.5.We learned about the naming conventions for Chrysalis in Smoothing the Learning Curve. As a broad recap, Bee and Hornet are two software implementations that combine to make Chrysalis. That piece only dealt with…

Building an open source technology from scratch is a monumental task that requires a mixture of talent and immense hard work.Opensource.com describes what open source is:The term originated in the context of software development to designate a specific approach to creating computer programs. Today, however, "open source" designates a broader set of values—what we call "the open source way." Open source projects, products, or initiatives embrace and celebrate principles of open exchange, collaborative participation,…

If the 2008 global financial crisis (GFC) wasn't inflammatory enough, then the ensuing central bank stimulus probably was. There were €12.6 trillion of negative yielding debt instruments at one point last year. We're unequivocally living in the lowest interest rate environment of the last 650 years.Bitcoin was born out of the GFC and forged its identity through this controversial central banking stimulus experiment. If you haven't read the Bitcoin whitepaper, we'd recommend it. It'll only take a couple of minutes to get…