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IOTA network Snapshot on 28th January!

IOTA SNAPSHOT What is a IOTA snapshot? A IOTA snapshot is a process where all the transaction history gets reset. After the snapshot processing resumes and a new Tangle grows on this basic ledger. Until it grows so big that another snapshot is required.IOTA's nodes are receiving transactions in a staggering amount. They need to keep track of them all and sort through them. This means ever increasing memory and CPU requirements. To combat this every now and then a snapshot occurs. This essentially throws away all the…

Cryptocurrencies that will survive as Currencies (IOTA, if you don’t care to read the rest)

We’ve reached the great filter. The overwhelming majority of digital assets listed on https://coinmarketcap.com/ today will be forgotten in 5 years’ time. In this article, I’m going to attempt to rationalize picks for digital assets that will survive and thrive all the way through the year 2100.Digitization of assets makes moving funds faster and cheaper than ever. This isn’t something particularly new, as anyone with an online bank account knows. Of course, It’s true that every digit shown on your bank account’s online…

IOTA attacked on January 19th, 2018 / IOTA technology is secure

On January 19th, 2018, some IOTA users lost their funds to an unknown attacker. The good news: The IOTA technology is secure. The attacker did not leverage any vulnerability. The root cause so this could happen was for users to rely on online generators to create their seeds. If you take only one thing away from this: Never, ever use online tools to generate your seeds. The IOTA Foundation has been emphasising the importance of keeping your seed ultra secure from the very beginning. But still, users apparently got tricked…

What happened last night on IOTA

Disclaimers first: I am not a member of the IOTA Foundation and I am not a computer forensics expert. Everything I write here, is my very own interpretation of the events. I am @ralf on Twitter if you want to get in touch.On January 19th, 2018, some IOTA users lost their funds to an unknown attacker. The good news: The IOTA technology is secure. The attacker did not leverage any vulnerability.The root cause so this could happen was for users to rely on online generators to create their seeds. If you take only one thing…

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