IOTA is the Distributed Ledger Technology, which is used to build and empower the future of the IoT with feeless microtransactions and data integrity for machines.
It has been stated that should IOTA be adopted as a standard, it could lead to $700B+ in network economic activity from core IoT markets, which could translate to $280B in token network value.
Recently DomSchiener stated, we are not just making IOTA production-ready, we are building a standard for IoT and the Machine Economy. Really great to see external expert analysis from the Fundstrat team on IOTA, its growth as a technology and quantifying the si.
For anyone who is set out to buy IOTA, the plain advice is to understand that possession is ownership.
For clarity, IOTA is a revolutionary new transaction settlement and data transfer layer that has been created for the Internet of Things (IoT). It is based on Tangle, which is a new distributed ledger technology. The Tangle is designed to overcome the inefficiencies of current Blockchain designs and it focuses on introducing a new way of reaching consensus in a decentralized peer-to-peer system.
IOTA recently reported the release of a new version of Pollen as being out. Pollen v0.4.0 marks an important step towards Nectar as it introduces the new and simplified data-flow, core of Coordicide. This release is considered to be a significant step before the introduction of mana to Pollen.
The details of the full list of changes have been listed in the release notes. It is considered that this release will be an important step towards Nectar as it introduces the new and simplified data-flow, which will be the core of the Coordicide solution. This released has simplified the protocol by removing the Value Tangle and merged its logic directly into the Message Tangle. Therefore, making things easier to deal with message orphanage. Also, approval switch, data messages inclusion that is independent from the transaction outcome is introduced.
They are set to soon introduce, Mana to set a key step towards Nectar. This is expected to enable the implementation of the missing component like the approval weight for message finality and the congestion control.
Lot of expectation is brewing around Chrysalis. The coming of Chrysalis is expected to set a new dawn rising. A rebirth of the IOTA network that will be faster, simpler, more efficient and ready for industry. One of the user expressed, I can state that the marketing and external presentation has improved significantly. This moves me to buy a little more today.