IOTA (mIOTA)
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TRENDING
IOTA soon on the Ledger Nano (2018-03-28)
How IOTA Is Playing A Major Role In What’s Coming Next (2018-03-26)
Peaq Is To IOTA (MIOTA) What ERC-20 Is To Ethereum (ETH) And More (2018-03-20)
Welcome Gur Huberman to the IOTA Foundation (2018-03-18)
QUICK STATS
Proof of Stake (POS). They call it “the tangle”. A tangle-based cryptocurrency works in the following way; Instead of the global blockchain, there is a DAG that they call the tangle. The transactions issued by nodes constitute the site set of the tangle graph, which is the ledger for storing transactions. More details in Background section.
Binance IOTA/BTC $19,990,900 24%
OKEx IOTA/BTC $8,162,940 10%
VIDEOS
BACKGROUND
Whitepaper Summary
Problem Solved
Competitive Edge
Development Roadmap
IOTA does not give dates for their roadmap but provides status updates for existing and new developments. Short overview is here, for more information source link is in the “Reference & Links” section.
Core Client Development
Java
The IOTA Reference Implementation.
Status: Done, stress test soon
C++
Continuation of core development in this language.
Status: In Early port stage
Rust
IoT language adoption.
Status: Early development
Go
Similar to Rust .
Status: Early development
Alternative Clients
Light Client
Resource restricted edge devices act as a full node.
Status: Completed
Swarm Client
Cluster of devices efficiently make transactions.
Status: Research / Preliminary stage
New Features
Improved Networking
Fluidly switch between different networking protocols while still being connected to the peer to peer network.
Status: Active Research
Automated Snapshotting
Keeping the ledger database that devices have to keep very small in size.
Status: Active development and testing
Iota eXtenson Interface (IXI) Modules
Identity of Things
Each device its own identity with different attributes.
Status: At the present we are in the preliminary stages of researching and conducting ideation with developers and leading Industry and IoT actors on how such an identity system is to be comprised. It is vital that IDoT becomes a standard, as such input from as many as possible is a necessity. One thing is clear however: IOTA’s ledger will serve the role of ensuring that the device’s attributes and reputation is tamper-proof.
Permanodes
Full raw data of the ledger is kept and accessible permanently.
Status: Alpha Testing
Flash Network
Payment channels serve a role for use-cases which require very rapid high throughput of transactions.
Status: Mid-stage Development
Masked Authenticated Messaging (MAM)
MAM makes it possible for sensors and other devices to encrypt entire data streams and securely anchor those into the IOTA Tangle in a quantum proof fashion.
Status: Beta Testing
Private Transactions
Just like MAM is providing security and privacy for data sharing, Private Transactions is there for transactional privacy.
Status: Early Development
Oracles
Outside data feed, such as timestamps, into the IOTA network.
Status: Advanced Development
Tools & Libraries
JavaScript Library
Use of IOTA for NodeJS and Browser applications.
Status: Done
Python Library
Awaiting for Multi-signature support to be fully tested.
Status:
Completed, with further improvements soon
Java Library
For use by the Android mobile wallet.
Status: Completed
C# Library-
Implementation of API functionality from Java-script library.
Status: Completed, multi-signatures soon
Go Library
Used by IOTA Sandbox developer environment.
Status: In Development
Ecosystem Projects
Stress Testing
Show casing the capabilities of the IOTA Tangle ledger.
Status: Planning and Preparation
Public Simulations
Simulation framework in Python to simulate cluster and network settings, transaction propagation, etc.
Status: Largely completed, awaiting peer review
Sandbox
Empowering developers means reducing the entry barrier, which our Sandbox is taking care of.
Status: Re-launch mid-April
Learn
Central repository of all the relevant developer tutorials, code snippets and resources.
INITIAL COIN OFFERING (ICO)
On November 27th 2015, around 48% of all Iota was claimed by their owners. By the 4th of February, an additional 12% of Iota was claimed for a total of 60%. The number of addresses with a positive balance increased from 472 to 657 (+39%) and the number of addresses with more than 1 Gi increased from 334 to 494 (+48%). The time to claim IOTA ran out before the recent snapshot, so now all tokens are issued — with all unclaimed tokens now left to the developers. It is not known how much remained unclaimed, but a good guess could be to add the top two addresses, which are known to belong to the foundation/the developers. This would be 406,834Gi or around 14.6% of total supply.
TEAM INFO
Creators / Founders
DAVID SØNSTEBØ
Iota Founder
David is a serial entrepreneur with a passion for any kind of technology that can push human progress forward. He is heavily involved in Internet-of-Things, distributed ledger/blockchain/tangle technologies, Smart Cities, Digital identity, eGovernance and innovative hardware design, and the founder of IOTA.
SERGEY IVANCHEGLO
Iota Founder
Also known as the Come-From-Beyond. Founder and CEO of IOTA token and Jinn.
Lead developer of NXT and early adopter of Bitcoin.
DOMINIK SCHIENER
Iota Founder
Passionate and aspiring entrepreneur. Currently working on several projects that make use of the Blockchain and Smart Contract to create new and socially impactful applications. Specifically interested in new Governance solutions that make use of both, collective intelligence and new technologies to create more efficient, cheaper and transparent systems.
SERGUEI POPOV
Iota Founder
Serguei is the author of the IOTA whitepaper.
Ph.D. in math (1997, Moscow State University)
Currently a full professor (MS-6) at the IMECC-UNICAMP, Campinas, Brazil.
Core Development Team
ALON ELMALIAH
Core Developer
He is a programmer and electrical engineer with great passion for security and cryptography.
After several years in the semiconductor industry, most recently at Intel, Alon devotes his time to the study of distributed, decentralized systems & digital cash alternatives; bringing large scale problem-solving skills to software implementations.
Skilled in Python, Computer Science, and C++, he joins the IOTA core development team to push IOTA even further.
ALFRED KELLER
Core Developer
His IT career started in the banking industry where he was engaged in planning, sizing and testing the future system and network architecture. Later he became partner in a medium-sized company that developed software and devices for access control, biometric identification and the integration of advanced unified messaging systems.
With good knowledge in C, C++, Java and Javascript he is very well prepared to review and test the IOTA core software and artifacts. He has profound experience in data communication and cloud computing.
PAUL HANDY
Core Developer
Paul Handy is deeply interested in the science of things, he has been involved in a number of interesting projects ranging from industrial equipment and scientific instruments to microfluidic stereolithography to learning systems, control systems, and more.
Education
He holds a Bachelor’s of Science degree in Electrical Engineering, was introduced to blockchain and cryptocurrencies starting in early 2013 with Bitcoin and Litecoin and has followed IOTA since the publishing of the whitepaper in 2015. Paul is passionate about electronics, physics, mathematics, cryptography, and peer-to-peer networks.
Notable Advisors
Notable Investors
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Reference & Links
https://www.iota.org/
https://coincheckup.com/coins/iota/overview
https://hackernoon.com/iota-coin-review-6a1c73c5cfa3
https://docs.iota.org/introduction
https://steemit.com/news/@j3dy/introducing-the-team-behind-the-iota-the-core
https://medium.com/@IngoFiedler_96862/iota-an-update-on-token-distribution-and-exchange-launch-ee3e56bd0d32
https://tokentops.com/ico/iota/
https://en.wikipedia.org/wiki/Post-quantum_cryptography
https://blog.iota.org/iota-development-roadmap-74741f37ed01?gi=33226f152b6d