news Forget blockchain! Iota is coming..

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Iota is the first cryptocurrency without a blockchain.
Go domainers!

iota.org

 

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IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmation times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale.[2][3] IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov.[4][5]

IOTA has a collaboration with Deutsche Telekom, Microsoft, and Fujitsu,[6] the Foundation opened up a data marketplace using IOTA technology.
https://en.wikipedia.org/wiki/IOTA_(technology)

 

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A Cryptocurrency Without a Blockchain Has Been Built to Outperform Bitcoin
The controversial currency IOTA rests on a mathematical “tangle” that its creators say will make it much faster and more efficient to run.
https://www.technologyreview.com/s/...ckchain-has-been-built-to-outperform-bitcoin/

 

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Meet IOTA: The Cryptocurrency For The Internet-Of-Things

No Need For Fees
IOTA is based on the idea that the microfees associated with bitcoin and other cryptocurrency transactions that serve to incentivize mining — and transaction validation — will become unfeasible as the number of IoT micropayments skyrocket. Since IOTA requires no mining to validate transactions, transaction fees are unnecessary.

https://www.benzinga.com/general/ed...the-cryptocurrency-for-the-internet-of-things

 

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What is IOTA?

Like Bitcoin, IOTA is a public ledger focused on moving information quickly and cheaply. It’s open-source, so anyone can see the code used to build it. But instead of using a blockchain, IOTA uses an alternative mathematical approach called a directed acyclic graph or “tangle.” According to the IOTA Foundation, a tangle can settle transactions more quickly than blockchains like Bitcoin by processing them “in parallel.” And transactions have no fees, although computational work is required to finalize them. Byteball is another crypto network that uses a directed acyclic graph in lieu of a blockchain.

https://www.forbes.com/sites/jeffka...r-beware-experts-have-major-security-concerns

 

[creataweb]

Link to thread for IOTA names / discussion?

 

[gotasale]

Is it centralized or decentralized?

Another question I got tangles.org
Do you think it is the correct term for the technology?

 

[sharfab]

Is it centralized or decentralized?

Another question I got tangles.org
Do you think it is the correct term for the technology?

"Tangle" is the the technology term that is mentioned...