IOTA

[pushups44]

Fujitsu demonstrates how IOTA enables product quality documentation

Fujitsu’s German unit revealed how IOTA’s [MIOTA] Tangle technology could be implemented for documenting product quality in the manufacturing space. Fujitsu had already partnered with IOTA to work on supply chain management solutions using the blockchain.

Fujitsu CE on Friday tweeted the proof-of-concept for its latest audit trail technology. According to the concept, IOTA would serve as an “immutable data storage medium” to enable audit trails in supply chains and industrial production.



The tweet, in German, translates to - "Product quality is a critical factor for the success of the manufacturing industry. Fujitsu shows how product quality with IOTA is documented."

According to the presentation, the audit trails will help improve quality management. It also prevents security breaches, data corruption or fraud on account of being cryptographically secure...

https://bcfocus.com/news/fujitsu-demonstrates-how-iota-enables-product-quality-documentation/21625/

It is these types of partnerships that will separate the wheat from the chaff in the cryptocurrency space. IOTA has proven itself to have plenty of use cases and major companies either partnering or collaborating with the project to improve their efficiency. I'm sure other partnerships are in the pipeline for IOTA.

[tyz]

Trinity wallet was released for public beta today

https://twitter.com/DomSchiener/status/1033281935030865920

Download here for Windows, Mac and Linux  

https://github.com/iotaledger/trinity-wallet/releases

[SCAMcoinTalk]

If it's not PoS, what are the incentives to run a node?

Are there any real life implementations, yet? Or is it only a lot of research, a fancy website, a wallet, a transaction system etc?

So, the billion dollar foundation would survive on donations after it runs out of tokens, cause there's no transaction fees at all. Are you kidding me?

If you build on top of the IOTA protocol, you will be invested in the success of the network, and may volunteer to run a node. Plenty of companies will find a way to profit from and use a node to their advantage. There are experts who believe fees in DLT are a thing of the past.

So, it's, like Ripple, only for companies and developers/integrators.

If there's no fees how would the project be funded? Companies would profit and donate money?

[ptrk]

If there's no fees how would the project be funded? Companies would profit and donate money?

The IOTA Foundation was founded in 2016 after 5% of all existing iotas were donated by the early investors. The foundation supports the development and projects. The value of this iota owned by the foundation currently stands at $ 50-60 million. While the boom back in January, it was even close to $300 million.

In short, IOTA does not need any fees and thus no miners because each client that creates a transaction must previously confirm two other transactions via PoW. That's the concept that makes miners obsolete.

[what is happening]

CIVIC coin partner chain of Iota announced. Big price increase for both incoming.

[yurimir]

Interview with Raul Paiste, creator of IOTAlias: the human interaction layer for IOTA



Let’s meet Raul Paiste, one of the minds behind this project that promises to make IOTA a grandmother-proof system, as he will explain later.

https://iotahispano.com/2018/08/27/project-series-iotalias/

[irwanjabryg]

If the price of a single token ever becomes more than whats suitable for micro-transactions then the IF could simply move the decimal and ‘create’ more iota tokens, similar to a stock split.IOTA is ideal from micropayments. Large supply and literally zero fees.

[KimNg]

The Trinity desktop wallet is revolutionary.

For those who have never tried IOTA, download the wallet and experience for yourself the bliss of zero-fee transactions.
You can transfer value, from a fraction of a cent to millions of dollars with 0 fees.

Installing the Trinity wallet on Ubuntu is easy:
Download https://github.com/iotaledger/trinity-wallet/releases/download/vdesktop-v0.3.2/trinity-desktop-0.3.2.AppImage
Right click on the .Appimage file and select Properties > Permissions > check the "Allow executing file as program" box.
Now double click on the file to run.

*maximalists: proceed with caution. mind=blown

[KnyazED]

Iota has been going very badly and the investor has been disappointed.The technology needed to work but there might be a problem with management.

Now there is a lot of difficulties in the market, so it's hard to say that everything is working well. projects are developing, but very slowly, but it is worth the wait and eventually everything will be adjusted. I think so.

[SCAMcoinTalk]

If there's no fees how would the project be funded? Companies would profit and donate money?

The IOTA Foundation was founded in 2016 after 5% of all existing iotas were donated by the early investors. The foundation supports the development and projects. The value of this iota owned by the foundation currently stands at $ 50-60 million. While the boom back in January, it was even close to $300 million.

You mean $ 50-60 million in Tether, which is just a scam token "backed" by some "real" money held in a secret bank. So nobody is able to convert Tether to fiat, because it would expose the name of the bank.

And, sorry, there was no boom in January. It was a mass fraud, thanks to Tether-printing, Bitconnect and its copycats, wash trading, spoofing and other technics.

In short, IOTA does not need any fees and thus no miners because each client that creates a transaction must previously confirm two other transactions via PoW. That's the concept that makes miners obsolete.

Mining was a lame idea from the beginning. It's unsustainable in the long run. But it's the only "fair" mechanism of money printing availble unless you specify some rules. Unfortunately, rules is not what one may expect from cyberpunks.

No fees does't look good also. What is the mechanism to prevent spam and fraud other than fees?

You can transfer value, from a fraction of a cent to millions of dollars with 0 fees.

What's the point of treating the rich and the poor equally, other than to make the rich richer and the poor poorer?

[Termie]

ahem dude wtf you wanna represent, the avenger of the fiat world?
only barking around lol

[Quarkico]

IOTA is one of the best cryptocurrency project. IOTA is a protocol for Internet of Things devices and allows micro-transactions and scalability, with absolutely no fees for transactions, and no miners.

[atlas21]

The news about fujitsu was already out but hereby also the link to an article at cointelegraph.com

https://cointelegraph.com/news/fujitsu-backs-iota-as-new-protocol-standard-for-audit-trails-markets-react

[SCAMcoinTalk]

ahem dude wtf you wanna represent, the avenger of the fiat world?
only barking around lol

"bad money drives out good"

Think about it, honey!

[erwan]

The unique IOTA platform, and the unusual proof of work without mining as such, potentially creates a situation in which a powerful transaction will disrupt network security. If it comes from a node that has collected 51% of the total capacity, then the so-called 51% attack will occur. The node will gain control over the network, which will allow it to double expenditure.

[Ryuuma]

Iota has been going very badly and the investor has been disappointed.The technology needed to work but there might be a problem with management.

Every single Coin or market token from January to today has lost an average of 70% of its value, including obviously IOTA; this does not mean that the project does not go on, there are no new alliances and partnerships (last see Fujitsu), wallets are not updated and new solutions are not tested.

Last novelty, still in the testnet phase, are the TOQEN smart token contracts, built on the basis of Qubic Lite, which is a new proof-of-concept cryptocurrency approach that tries to supplement the IOTA protocol by providing it with smart contracts.

For more info and if you want to be part of the testnet go here
https://medium.com/@micro_hash/toqen-a-third-layer-cryptocurrency-bringing-smart-contracts-to-iota-e482e72da6c9

Yes, but a project in the top 20 must be resistant.The market may be bad, but there are also rising projects.Anyway,now a good rise has come and the pointer has reversed.

[Mariia_BT]

The unique IOTA platform, and the unusual proof of work without mining as such, potentially creates a situation in which a powerful transaction will disrupt network security. If it comes from a node that has collected 51% of the total capacity, then the so-called 51% attack will occur. The node will gain control over the network, which will allow it to double expenditure.

interesting scheme of work. worth being reasonable. to come up with such a strategy. It will still be important to improve it with every step and provide livelihood for the co-defendants.

[yurimir]

Great showcase from Tech Analyst Jan Pauseback which demonstrates new business models using IOTA, with some familiar tools



Modelling New Business Models with IOTA - https://blog.iota.org/modelling-new-business-models-with-iota-fadd53c6a192

[b0yptn]

Does bitcoin's currency suit every customer?

[vlight]

https://thetangle.org/statistics/tokens-distribution

Top 50 richest addresses no longer own more than 50% of iotas