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zanzibar
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March 07, 2017, 05:05:54 PM |
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Indeed, different tech, operation approach, and business model. It will change the way how the crypto platforms do business in the future. It is a paradigm shift in both technology and business model in this cryptocurrency industry.
It's amusing to me how much traction Iota has gained on so many fronts without ever being available on any exchange, it's the opposite of speculation. Iota made the front page of r/bitcoin with the Ubuntu news and had btc fanboys shitting their pants. I've never seen anything like it in crypto, kudos to David and Dom for their work. Now the community needs to focus on independent developer projects. There are large bounties available from whale club to fund independent developer projects so spread the news! |
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HomoHenning
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March 07, 2017, 08:43:17 PM |
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I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
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wizzardTim
Legendary
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Activity: 1708
Merit: 1000
Reality is stranger than fiction
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March 07, 2017, 11:04:18 PM |
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I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
Yes! BTC => 1st gen NXT => 2nd gen IOTA => 3rd gen Each one the first and leader of its generation. |
Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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zanzibar
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March 08, 2017, 12:17:18 AM |
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I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
Yes! BTC => 1st gen NXT => 2nd gen IOTA => 3rd gen Each one the first and leader of its generation. I love Nxt but I would say Eth is prob 2nd Gen at this point. |
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btcmerich
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March 08, 2017, 02:20:51 PM |
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Still around IOTA and belive it is a greate step forward , i have been reading the whitepaper and posts here. I still can not get my head around milestone node. So the tangle on milestone server counts more then what other nodes have? and also in this case the use of the server will always be there and it would be so that IOTA is not 100% trustless.
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wizzardTim
Legendary
Offline
Activity: 1708
Merit: 1000
Reality is stranger than fiction
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March 08, 2017, 02:29:11 PM |
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Still around IOTA and belive it is a greate step forward , i have been reading the whitepaper and posts here. I still can not get my head around milestone node. So the tangle on milestone server counts more then what other nodes have? and also in this case the use of the server will always be there and it would be so that IOTA is not 100% trustless.
Coordinator will be removed in the future, when the tangle evolves. |
Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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btcmerich
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March 08, 2017, 02:34:50 PM |
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Still around IOTA and belive it is a greate step forward , i have been reading the whitepaper and posts here. I still can not get my head around milestone node. So the tangle on milestone server counts more then what other nodes have? and also in this case the use of the server will always be there and it would be so that IOTA is not 100% trustless.
Coordinator will be removed in the future, when the tangle evolves. right, so when the network is big enough they take the server offline. thank you for making it clear |
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dadingsda
Legendary
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Activity: 1310
Merit: 1000
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March 08, 2017, 02:49:51 PM |
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I hope they will use IOTA |
INVALID BBCODE: close of unopened tag in table (1)
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rytyr
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March 11, 2017, 12:13:00 AM |
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He pointed out the first coin of each generation, not the best one. It is a matter of opinion whether Ethereum is really the best 2nd generation coin. Apart from my point of view, Nxt respectively Ardor have delivered more and are more stable. I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
Yes! BTC => 1st gen NXT => 2nd gen IOTA => 3rd gen Each one the first and leader of its generation. I love Nxt but I would say Eth is prob 2nd Gen at this point. |
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Marcel Beliveau
Newbie
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Activity: 27
Merit: 0
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March 11, 2017, 01:23:37 AM |
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Is it really quantum resistant ?
When IOTA community says that this technology is "quantum resistant". I think it's true only for the tangle itself.
But one day, if an hacker find an address with a huge amount of money and has a "super comuter", he could could generate a seed macthing with this address easily no ?
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connexus
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March 11, 2017, 01:39:16 AM |
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Is it really quantum resistant ?
When IOTA community says that this technology is "quantum resistant". I think it's true only for the tangle itself.
But one day, if an hacker find an address with a huge amount of money and has a "super comuter", he could could generate a seed macthing with this address easily no ?
It is indeed quantum resistant, Iota uses Winternitz signing which is quantum-immune. For more info check part 4.3 of http://188.138.57.93/tangle.pdf. With IOTA's technology generating seed from an address wouldn't be too easy even if it is a super computer. |
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BiTrading
Member
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Activity: 95
Merit: 10
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March 11, 2017, 12:01:54 PM |
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Is it really quantum resistant ?
When IOTA community says that this technology is "quantum resistant". I think it's true only for the tangle itself.
But one day, if an hacker find an address with a huge amount of money and has a "super comuter", he could could generate a seed macthing with this address easily no ?
There are just too many possible seeds, even for a 'super computer'. |
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Marcel Beliveau
Newbie
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Activity: 27
Merit: 0
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March 11, 2017, 02:37:47 PM |
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I so checked what is this signature technology. This is really hard to understand for non crypto experts.
But if I well understood the use of this technology is the reason why IOTA core developpers insist on generating a new address each time we want to receive a IOTAS in the same wallet.
This is not a big drawback to my opinion.
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gernat
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Activity: 80
Merit: 10
www.iota.org
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March 11, 2017, 04:18:26 PM |
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I so checked what is this signature technology. This is really hard to understand for non crypto experts.
But if I well understood the use of this technology is the reason why IOTA core developpers insist on generating a new address each time we want to receive a IOTAS in the same wallet.
This is not a big drawback to my opinion.
It is possible and sure to transfer iotas to the same address, you can receive iotas (several transactions) on the same address, no problem. Only if you spend iotas from this address it's no so sure further. |
IOTA is a brand new and novel micro-transaction cryptotoken optimized for the IoT |
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HomoHenning
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March 11, 2017, 09:31:18 PM |
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I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
Yes! BTC => 1st gen NXT => 2nd gen IOTA => 3rd gen Each one the first and leader of its generation. I love Nxt but I would say Eth is prob 2nd Gen at this point. lets say NXT => 2nd gen ETH => 3rd gen IOTA => 4rd gen |
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Spratan
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March 11, 2017, 09:57:16 PM |
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I think IOTA will be the settlement network of the 21 century. bitcoin is just too expensive, too old tech etc you know it all.
Yes! BTC => 1st gen NXT => 2nd gen IOTA => 3rd gen Each one the first and leader of its generation. I love Nxt but I would say Eth is prob 2nd Gen at this point. lets say NXT => 2nd gen ETH => 3rd gen IOTA => 4rd gen No, better = BTC = -2 NXT = -1 ETH = 0 Iota = 1 Previous coin were just drafts for Iota :-) |
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greentea
Legendary
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Activity: 1418
Merit: 1002
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March 12, 2017, 01:23:50 AM |
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John_Paul
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March 12, 2017, 03:12:04 AM |
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One of IOTA's advantages which has not been appropriately appreciated is her simplicity. IOTA is a very simple protocol. One of reasons that it is much simpler than other protocols like Bitcoin and Ethereum is that IOTA gets rid of miners. In IOTA, the transaction issuers are also transaction approvers and they are no longer decoupled as in Bitcoin and Ethereum which use miners as the transactions approvers.
We all know how many frictions the miners have brought into the Bitcoin system. The third party (such as miners in PoW, stakers in PoS, witnesses and delegates in other systems) naturally makes the system more complicated (in other words, more vulnerable) and brings more frictions into it.
Many people have mentioned that a significant reason that TCP/IP and WWW protocols had been chosen and adopted by the market is that they both are very simple protocols. We can probably say that a simpler protocol is easier to be adopted by the market.
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