Blokketting is NIE Kripto geld nie.

Daar is groot verdeeltheid onder baie van die nasies van die wêreld ten opsigte van blokketting tegnologie en cryptocurrency. Die opsomming van hierdie vertelling kan kortliks uitgedruk word as: "blockchain is goed, terwyl kripto's sleg is."

'n Aantal lande soos China, Indië, Frankryk en die Verenigde Koninkryk wat óf verbod het op kriptokurwes, of wat streng kripto-regulasies bekendstel, is onder die sterkste voorstanders van blockchain tegnologie. Hul negatiewe houding teenoor die kripto-mark stop hulle nie om die potensiële voordele wat inherent is aan die suksesvolle implementering van blockchain-tegnologie vir regeringsaansoeke te erken nie.

Die blokketting is die benaming van die tegnologie wat die werking van cryptocurrencies ondersteun. Dit is nie die geldeenhede self nie. Dit is net een van die vele dinge wat 'n blokketting kan doen. Die ongekende groei in Bitcoin se prys, sowel as die sukses van Ethereum, Ripple, Bitcoin Cash en ander cryptocurrencies, kan sommige oortuig dat blokketting basies net oor kripto geldeenhede gaan. Die waarheid is egter dat blokkettings meer as 'n virtuele geldeenheid is. Trouens, dit was hierdie idee wat Vitalik Buterin(Ethereum) aangespoor het om 'n nuwe blokketting protokol te ontwerp wat meer robuuste funksies bied as die Bitcoin ketting. Ethereum is in staat om 'n verskeidenheid gedesentraliseerde toepassings en outonome organisasies te ondersteun, en is ontwerp om die gebruikers in staat te stel om hulle eie aplikasies te ontwerp.

Dit is hierdie robuuste funksionaliteit van blokketting tegnologie wat die oog van regerings oor die hele wêreld aangegryp het. Met baie lande wat voortdurend teen mekaar in die innovasie- en tegnologiese vooruitgangsteater kompeteer, wil niemand agterbly nie. Baie regerings bestudeer talle moontlike blokketting-gebaseerde aansoeke vir staatsaangeleenthede of reeds in die proses om sulke aansoeke te toets, alhoewel slegs op 'n klein skaal.

Blokkettings het die potensiaal om die aktiwiteite van die regering te revolusioneer. Die potensiële gebruiksgevalle van blockchain-tegnologie in die regering sluit onder andere die volgende toepassings in:

* Gesondheidssorg
* Nasionale Identiteitsbestuurstelsels
* Belasting en Interne Inkomste Monitering
* Nasionale of streeks Stemmings prosesse
* Veilige Bankdienste, ens.

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Sheeple 12:41 PM  No comment

Die waarheid rakende blokketting

Ooorspronklikke artikel in Engels - vertaal


HONG KONG (Reuters Breakingviews) - Deesdae word die vernuwing bekend as blokketting byna altyd in samewerking met twee dinge genoem. Eerstens, as die tegnologie wat die Bitcoin muntstuk ondersteun, en die tweedens as die breinkind van Satoshi Nakamoto, die anonieme persoon - of persone - wat die witskrif uitgereik het wat die kripto-munt vermoedelik ontwerp het.

Trouens, die konsep van 'n verspreide rekord van digitale transaksies is ouer en het baie breër

https://www.amazon.com/Truth-Machine-Blockchain-Future-Everything/dp/1250114578

toepassings. Dit is maklik om te vergeet, aangesien bitcoin se wilde pryswisselings in die eerste sewe en 'n half maande van 2017 gekenmerk word deur die uitreiking en nuwe besighede wat bykans $ 1,5 miljard ingesamel het. Die gedesentraliseerde aspek van die tegnologie is die eksistensiële vraag waar dit begin, Michael Casey en Paul Vigna argumenteer in “The Truth Machine: The Blockchain and the Future of Everything”.

Al in die 1990's het voorstanders van die blokketting-tegnologie begin met 'n alternatiewe status quo, waarin individue kriptografie kon beheer. Vir hierdie sogenaamde "Cypher-punks" het die idee revolusionêre aantrekkingskrag gehad. 'n Databasis wat iets van waarde op 'n "peer-to-peer" netwerk van rekenaars kan opneem, bied 'n onveranderlike rekord wat nie betwis of verander kan word nie. Dit was vanselfsprekend aantreklik vir libertyërs wat gretig was vir 'n wêreld wat vry was van die boeie van die regering en ander groot sentrale instansies en banke.

Casey, 'n senior dosent aan die MIT Sloan Bestuurskool, en Vigna, 'n verslaggewer vir die Wall Street Journal, vertel nie net die storie van bitcoin nie. Hulle beveel aan dat die leser dieper kyk na die talle toepassings van blokketting - die digitale waarheids serum van hul titel. Die boek beskryf die maniere waarop die tegnologie die potensiaal het om die manier waarop ons oor eiendomsbediening dink, op te los, aanbodkettings te ontwrig en eiendomsregte aan die annonieme eienaarskap te gee.

Die skrywers deel 'n paar wonderlike voorbeelde. In Jordanië, die Verenigde Nasies se Wêreldvoedselprogram se Azraq blockchain-vlieënier, koördineer voedselverspreiding onder 10,000 Syriese vlugtelinge. Intussen bied MIT Media Lab se Digital Currency Initiative, tesame met die Inter-Amerikaanse Ontwikkelingsbank, aan die Latyns-Amerikaanse boere die vermoë om krediet te verkry van kommoditeitspakhuise wat deur blokke-bewese rekords ondersteun word. Meer algemene toepassings sluit dienste in om betalings oor landsgrense te betaal, sowel as aanvangskapitaal wat kriptografies veilige, anonieme geldeenhede ontwikkel.

Die deugde van blokketting staan in kontras met die groot tegnologie-titane wat beheer - en soms misbruik maak van - persoonlike data, soos die nuutste Facebook-privaatheid debakel toon. Die skrywers beweer dat 'n blokketting-oplossing vir sosiale media een sal wees waar digitale munte uitgereik word en boodskappe deur gebruikers geverifieer word, wat 'n wêreld van slegs hoëgehalte inhoud behoort op te lewer. 'n werklike gedesentraliseerde oplossing wat toegepas word oor 'n groot aantal  nywerhede sal toelaat dat selfregerende individue as hul eie ekonomiese agente optree en die regte op hul data terug kan kry.

Dit lyk egter onrealisties dat hierdie idee die nodige kritieke massa kan bereik, veral omdat gebruikers toenemend afhanklik is van bestaande platforms. Daarbenewens is 'n gevoel van onderlinge verbintenis, sentraal tot die sosiale aanslag van sosiale netwerke.

Ten spyte van al die veronderstelde deugde van desentralisasie bly die meeste blok-gebaseerde oplossings embrionies. En die ontluikende projekte (ICO's) wat tans aan die gang is, is om die minste te sê, problematies. Desentralisering van enigiets neem werk, en verbruikers se gewoontes is moeilik om te verander. Daarbenewens is daar diep gegronde redes waarom mense finansiële rekords, mediese inligting en ander sensitiewe data aan bewaarders en regeringsliggame oorlaat.

Dan is daar die vraag oor watter organisasies die tegnologie toepas. Soos die skrywers erken, is sommige van die groot eksperimente in blokketting nou - enigswyd paradoksaal - deur die oorspronklike poortwagters wie se krag dit veronderstel was om te beperk. Finansiële instellings soos JPMorgan en Accenture het die hoofrolspelers van projekte soos die Enterprise Ethereum Alliance geword, wat ondernemingsgehalte-sagteware bied. Monex, wat in Tokio gebaseer is, het Vrydag aangekondig dat hy Coincheck sal verwerf.

Intussen het China 'n blokketting-navorsingsinstituut gestig en gespog oor die uitreiking van 'n soewereine digitale geldeenheid, terselfdertyd het hulle die aanbod van private munte verbied. Dubai sê dit wil die hele regering op blokketting hê in 2020. Mees onlangs het die direkteur van die Internasionale Monetêre Fonds, Christine Lagarde, aangevoer dat owerhede "vuur met vuur kan beveg" deur gebruik te maak van blokketting-innovasies om kripto-bates te reguleer.

Dit is sekerlik nie wat die oorspronklike Cypher-punks in gedagte gehad het nie. Terwyl sommige fantaseer oor 'n wêreld waarin selfregerende individue die enigste argitekte van transaksies is, is dit meer waarskynlik dat tussengangers en tradisionele poortwagters betrokke sal bly. Miskien is ons nie gereed om met vertroude tussengangers weg te doen nie. Miskien sal ons nooit wees nie.

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Sheeple 10:26 AM  No comment

IBM Blockchain - the Process of Digitization

“Blockchain is the answer to the 2008 financial and mortgage crisis." IBM Blockchain General Manager Marie Wieck

IBM Blockchain General Manager Marie Wieck

On the long-term potential of blockchain technology, IBM’s Marie Wieck has heard it all. The solution to net neutrality. The foundation of Internet 3.0. The basis for an over-hyped cryptocurrency destined to crash.During her more than 25 years with IBM, Marie Wieck has had a different technical and executive roles within IBM’s hardware, software, and services units. In January 2017, IBM named Wieck to her current position as general manager of blockchain. She is responsible for IBM’s participation in the Hyperledger project: an open blockchain ecosystem for developers and service providers.

“IBM got into blockchain believing that it would herald the next generation of transaction solutions,” said Wieck, general manager of IBM Blockchain. “In reality, blockchain is the answer to the process of digitization.”

IBM started working on a blockchain project about 3 or 4 years ago by forming a unit solely dedicated to the technology with more than 1,500 employees. Wieck noted that “We can’t get enough people with skills in Blockchain” to fill all positions. She indicated that the industry is hot and needs talent. “Despite all the benefits,” she continued, “blockchain is very hyped and still very misunderstood.”

However, despite being hyped and misunderstood, Wieck went on to say that “on a lighter note, my view is you know you have arrived in a technology when there are Dilbert cartoons about [blockchain]. You have now passed the point of the hype cycle and [blockchain] is now in the common lexicon.” A rather interesting note is that most people focus on blockchain’s initial entry point and use case, Bitcoin. They associate anything blockchain with Bitcoin and that is not right. There is so much more to blockchain than Bitcoin and cryptocurrencies.

In Development: IBM’s Hyperledger

IBM entered into the blockchain world with the question: Is blockchain the next generation of transactions systems?

“What we have concluded from that,” Wieck explained, “is that, no, it’s really an answer to digitization and the process of digitization.” She continued that, “It’s important to understand the history of what blockchain is and what it isn’t.” She indicated that Blockchain has its origins in digital transformation and disruption. Wieck emphasized that “Blockchain is the answer to the 2008 financial and mortgage crisis. It gets at how you would create the same kind of model that you have in anonymous real-world trading but in a digital world.”

In other words, how can you have “cash” transactions on the internet? How can you reconstruct the market experience?

The real-world experience is that you go to a market and find a book, you know its value and you know the value of your money. You talk to the seller and come to terms, agree on the fair price, establish a value proposition, and then make the exchange. You did not need to divulge your identity, nor did the seller to make the transaction happen. The question is: How do you do that in the digital world? Today, you cannot do that anonymously because there is a mechanism that identifies you, your credit card, your wallet, etc. This is very true if there are cross-border transactions as there are more actors and agencies that will need to take part in your transaction. This is where blockchain comes in and eliminates the middleman.

Food Chain Supply Safety

Food safety is just one of the many ways blockchain will benefit society. The technology is now being used to transform processes and streamline transactions for everything from flowers, real estate and trade finance, to education, insurance and medical services. Walmart has partnered with IBM to build a map of the food supply chain to be able to track produce to promote safety in case of food-borne illness outbreaks. When outbreaks happen, it takes weeks to trace it back to the source. By using blockchain in completely connected supply system, it took only two seconds to trace the origin of the outbreak. For it to happen this fast, competitors will need to cooperate and share logistics information. Despite this need for industry-wide collaboration, IBM has been able to decrease the amount of time it takes to trace back the origin of outbreaks down to days rather than weeks without the blockchain technology in place.



Digital ID – How do you know it’s you in the blockchain?

Wieck posed the question: “How can you replicate going into a bank and producing an ID to transact digitally?” She pointed out, “If you think about it, by showing a driver’s license you are providing more information than you want to: address, date of birth, etc.”

IBM is working with Canadian SecureKey, which has a network of all of the major banks, the Government of Canada, and Rogers Communications to be able to verify digital identity. SecureKey is a triple-blind system that gives you ownership of your identity. If someone needs access to your identity to confirm a transaction, they will request only this specific information from you to transact. For example, you go to a bar, the bouncer will need to verify your age and showing a driver’s license gives away more information than needed. By using this blockchain, without providing more information than needed, your age would be confirmed. So, for other transactions, you would be able to provide only the information needed to transact and not more. Essentially, you take control of your own identity. Wieck drew a bigger picture by saying, “Imagine that you can control your own credit report and remove a third-party credit reporter that is vulnerable to hacks? It’s a much, much better system to keep your identity safe.”

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Sheeple 10:43 PM  No comment

Porche on blockchain.

If you are still one of those people who thinks that Blockchain is just a currency bubble waiting to pop, watch this:

Its time has come. So says a video by Porche introducing their work on blockchenifying cars in a partnership with Xain, an ethereum based blockchain start-up that won a Porsche Innovation Contest.

“The car becomes part of the blockchain, making a direct offline connection possible – that is, without diversion through a server,” Porche says in a statement before adding:

“Taking 1.6 seconds, the process of opening and closing the car via an app is up to six times faster than before. In addition, efficient cryptographic encryption takes place.”

By using smart contracts, third-parties can be easily integrated without requiring any hardware, Porche says, with the blockchain technology further allowing temporary access to the car for, say, parcel deliveries.

“We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle,” Oliver Döring, Financial Strategist at Porsche, says.

The company has tested a blockchenized app to lock and unlock a vehicle, for temporary access authorisations as well as for encrypted data loggings:

“Through auditable data logging, the data to be processed is encrypted locally in a distributed blockchain… With this basis, the future of autonomous driving will see improved functions on offer: Local data can be used to obtain regional learning effects, which can be shared securely with other vehicles. The customer can make use of swarm data, which is protected at the same time.”

In a video they show other use cases, such as potentially allowing cars to communicate with each other through smart contracts, or securely connecting cars to blockchenized charging stations.

The provided technical details are, however, sparse, but Xain has an interesting yellow paper where they describe the blockchain architecture.

The core of it is Ethereum, with its Turin complete capabilities and smart contracts, but the consensus method used is what they call a Practical Proof of Kernel Work.

Xain’s description of the consensus method.

The permissioned blockchain requires a whitelisting of nodes that can take part in the network. However, instead of all these nodes “fighting” with each other to find the next block, a node or a group of nodes is randomly chosen to do the Proof of Work calculations.

The “miners,” therefore wouldn’t need to engage in an arms race with each other, but only in a “race” to complete the proof of work calculations.

It appears this specific method was used rather than Proof of Stake because the blockchain has no token, therefore does not have something that can be staked.

It also seems to be a preferred method over Proof of Authority because a little bit of work might provide a little bit more security.

The general architecture, however, appears to be similar to ethereum. Therefore one could imagine the permissioned chain “communicating” with ethereum’s public blockchain just as one can image it could all somewhat easily be transferred to the public blockchain once it reaches the necessary scalability level.

As such, the car industry is now seemingly beginning to get comfortable with this new technology, so exploring its implementation within cars and perhaps other transport methods to see what benefits vehicles with smart contracts can provide to services and individuals.

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Sheeple 12:23 PM  No comment

Miota vs Blockchain

HERE IS A SHORT EXPLANATION OF THE IOTA MODEL

FOR A VERY COMPELLING INTERVIEW

EXPLAINING THE DIFFERENCE BETWEEN BLOCKCHAIN AND THE TANGLE

@DavidSonstebo

Founder of IOTA

IOTA was conceived and designed with a vision further into the future than most of us can comprehend. Its features will turn into major benefits as time progresses and it is a question of when, not if, IOTA will take over as the standard in cryptocurrency and industry 4.0.

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Sheeple 5:39 PM  No comment

Rusland se eie kripto geldeenheid

Die Russiese regering beplan om by die wêreld se kripto-gemeenskap aan te sluit deur 'n virtuele roebel te skep. 'N Soortgelyke aanslag is deur Amerika en die ontwikkelde lande van Asië en Europa geneem. Aan die einde van Desember is 'n vergadering van myners in Duma gehou, wat deur verteenwoordigers van 16 lande bygewoon is. Daarbenewens is die konsepwet op die regulering van die digitale mark reeds vir oorweging aan die afgevaardigdes voorgelê.



Kenners voorspel dat die kripto-industrie in die nabye toekoms sal slaag na 'n kwalitatief nuwe stadium van ontwikkeling. Dit is nie uitgesluit dat sommige lande Bitcoin in die status van 'n amptelike betaalmiddel sal bou nie. As gevolg van hierdie stap sal digitale geld in 'n plaaslike geldeenheid verander. Sommige lande het 'n ander pad gekies en die skepping van hul eie virtuele munte aangekondig. Laasgenoemde behoort ook aan die Russiese Federasie, wat reeds 'n Russiese
cryptorub ontwikkel het.


Volgens Arseni Scheltsin, die direkteur van Rusland se Cryptocurrency en Blockchain Association, sal die voorstelle oor die skep en reguleer van 'n nasionale cryptocurrency amptelik in Julie 2018 aangebied word, terwyl 'n full-launch lancering 'n jaar daarna sal neem. Die ontwikkeling van regulatoriese dokumente vir "crypto ruble" word uitgevoer deur.

Die toekoms van die cryptorubl

Verlede jaar het spesialiste begin om 'n huishoudelike digitale geldeenheid te skep. Die

ooreenstemmende bevel is gegee deur beide die president en die regering. Daar word beplan om 'n geslote model te skep en vooraf die volume van die uitstoot te bepaal. Eienaars van munte sal onderhewig wees aan persoonlike inkomstebelasting teen 'n koers van 13%.

Die funksionaliteit van die kriptor sal redelik beperk wees. So, ons sal moet vergeet van anonimiteit. Die uitgifte van munte sal deur 'n enkele uitstootsentrum beheer word. Daar is geen spasie vir mynwerkers in die stelsel nie. As gevolg daarvan sal die hoofgedagte van die kripto-geldeenheid, wat onafhanklik van regerings en die anonimiteit van betalings is, verlore gaan. Daar moet kennis geneem word dat ontleders so 'n uitslag voorspel het.



Programmeerders beplan om die werk so gou as moontlik te voltooi. Jy kan immers nie agter ander lande in hierdie kwessie bly nie. Eerstens sal die goedkeuring van die produk uitgevoer word. As die toetse suksesvol is, sal die cryptoruble die nodige infrastruktuur begin bou. Daar word beplan om dit in die finansiële stelsel in te voer.

RuCoin Project

In die somer is 'n nuwe RuCoin-aanvang op die plaaslike mark geloods. Benewens die uitreiking van munte bied hy 'n interessante lojaliteitsprogram. Die inisieerders van die projek beplan om 'n soort brug tussen die werklikheid en die wêreld van kripto-geldeenhede te skep. Dus, die virtuele beursie vir RuCoin sal die balans in tradisionele geldeenheid weerspieël. Bykomende opsies vir digitale berging sal 'n gratis oordrag van fondse en 'n interne ruil wees om muntstukke in Bitcoins and Ethers te omskep. Daarbenewens sal die deelnemers aan die stelsel goedere en dienste by vennote se winkels teen afslag koop. Tans werk ongeveer 80 maatskappye saam met die aanvang. Vir elke aankoop ontvang kliënte 'n bonus in RuCoin.

Ten spyte van die indrukwekkende lys van betroubare maatskappye wat by die lojaliteitsprogram aangesluit het, word fondsinsameling taamlik traag vorder. Vir verskeie maande was dit moontlik om minder as $ 400,000 van beleggers in te samel, terwyl daar beplan word om meer as 12 miljoen te lok.

Sekure kripto geldeenheid

In Tatarstan het 'n nuwe soort virtuele geld verskyn - ItCoin. Die naam van die geldeenheid kom van die woord "vleis", wat in die Tatar-taal daarvan lyk. 'N Eiesoortige kenmerk van die nuwe kripto-aktiewe is die binding van munte tot die prys van vleis van stamboombeeste. So het sy skeppers die risiko van verhoogde onbestendigheid verminder, wat die grootste nadeel van elke digitale geldeenheid word. Elke dier is toegerus met 'n spesiale chip, waarmee jy enige tyd die nuutste inligting oor sy gesondheid kan leer.

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Sheeple 9:51 PM  No comment

Ethereum amongst the current crop of Blockchain technologies

The Ethereum ecosystem completely obliterates the rest of crypto by all metrics but market cap at this point! 

Ethereum stands out amongst the current crop of Blockchain technologies

Ethereum stands out among the current crop of Blockchain technologies in their offering of so-called Smart Contracts. Smart Contracts are protocols or platforms which use Blockchain technology to allow two or more parties (people, companies, NGOs, governments or whatever) to effectively automate the creation and ongoing evolution of agreements or contracts in such a way that everyone involved can be sure that what was recorded as said, agreed or done cannot be changed, accidentally or deliberately, without all parties being aware. Ethereum is the most developed existing platform for creating big public Blockchains. Additionally, Ethereum has also created smart alliances with big players. The escalation in the value of Ethereum has led to the second most significant cryptocurrency garnering a good deal of media headlines, although it is still dwarfed by Bitcoin.


Applications are necessary in order to run on its platform-specific cryptographic token, which is referred to as ether. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” With a trading price in the region of $1,300 per unit, it seems that the future of Ethereum is very bright.

XRP only processes ~$500mn. Ethereum processes ~$25bn, so thats ~50x of XRP. And that doesn't even include ERC20 tokens and the fact that only part of Ripple ledger volume even involves XRP. So yes, XRP completely disappears on this chart. Its on-chain transaction volume is about on par with DOGE.

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Sheeple 7:14 PM  No comment

Is #IOTA Disrupting Blockchain?

Everyone wants one thing. A future economy that is decentralized, therefore no control. Instant and free. Few blockchains can handle a major transaction load right now. No one should be surprised if more projects move away from this unreliable blockchain. Rest assured there will be quite a few interesting options to explore in this regard. One possible solution, The IOTA project, promises a lot and presents the Tangle as this new revolutionary cryptocurrency paradigm that will phase out blockchain technology. #IOTA is the tech that can achieve just that. If you are in it for quick gains. Please move along.

The price for #MIOTA, the cryptocurrency for the IOTA platform, has exploded over the past week, gaining massive value and surpassing Ripple to take the #4 spot among cryptocurrency market caps. The price explosion has come on the news of a major agreement being signed with Microsoft, Fujitsu, and others for business-to-business data sharing.

The price rally began around Dec. 2, with the price moving toward $1.50. However, the real explosion has come in the past 48 hours, as the price has steadily increased at exponential rates. Although IOTA is currently in consolidation, it has seen a tremendous run-up in price this month. From a price of $1.27 at the start of December, IOTA’s price went as high as $5.34. At the time of writing, it’s price is at $3.50. Rising up more than 400% in 2 weeks is no small feat and there must be something very impressive about this emerging platform.

IOTA - Next Gen Blockchain----NOT!

Just this Morning #Forbes announced the Official partnership (and part ownership it seems) of IOTA. This had a very positive impact on all the speculation that was going on.

Background

IOTA was founded by @DavidSonstebo, Sergey Ivancheglo, @DomSchiener, and Dr. Serguei Popov.

· It has a fixed maximum supply of 2,779,530,283,277,761 IOTA.


IOTA’s unique data structure and consensus algorithm sets it apart from traditional blockchains while giving it very special and attractive properties. Whereas traditional blockchains consist of a globally consistent linked list of blocks, IOTA uses a DAG(an elaborate term for a network of nodes.) Each connection between two nodes is unidirectional and the connections are acyclic (i.e. you cannot start from one node, traverse the connections in the graph, and get back to the same node).

· In IOTA you trade a small amount of computing power for the privilege to transact on the network. No fees or third parties required for confirmation. The system is designed to allow users to create transactions simply by validating, meaning that all transactions are secure, immutable and, most notably, free. IOTA's ledger is a Directed Acyclic Graph(DAG), as opposed to a linear blockchain design, allowing the system to settle transactions with zero fees enabling devices to trade exact amounts of resources on-demand, as well as store data from sensors and dataloggers securely and verified on the ledger. The use of a DAG allows IOTA to have unlimited scaling and zero-fee transactions. Put together, the #DAG and IOTA’s consensus algorithm or the transaction is known as a Tangle.

· In traditional blockchains, the confirmation time of a transaction depends on the blockchain’s average block time and the fee a user is willing to pay. In the Tangle, a transaction’s confirmation time depends on the usage of the network. With low usage, a transaction will take longer to get validated since there are fewer new transactions that will validate it. With high usage, a transaction will get validated faster since there are more new transactions.

· Internet of Things(IoT) economy. The biggest emerging market for IoT is consumer grade. We got fridges and coffeemakers and thermostats, etc. that all have the necessary hardware to make the small computations needed for IOTA to work already and the lowest they have run it at is equal or less than a toaster in processing power/energy. Traditional blockchains are not really useful in the IoT world at all: fees, scalability and throughput, and the rigidity of infrastructure. Because public blockchains like Bitcoin are essentially used by two types of participants – users and validators – there will always be an issue of transaction fees. Validators are only running their systems to earn fees, and as blockchains become popular this leads to bottlenecks and higher fees. This is fatal for a situation that involves processing micro-transactions between machines. IoT devices can send iota transactions with 0 iota in them! So essentially transmitting for free besides having to do the quick proof of work for 2 previous transactions is what will make the Internet of things work seamlessly and cost-efficient – free!

IOTA has deployed to production its own version of the Lightning Network called Flash Channels. Flash Channels are a bi-directional off-Tangle payment channel to enable instantaneous, high-throughput transactions. If this is true, it is incredibly impressive as Bitcoin and Ethereum haven’t been able to deploy their own versions of off-chain payment channels Clearly these are barriers to their performance in microtransactions. Because IOTA theoretically has unlimited scalability with zero-fee transactions, it is perfectly suitable for the Internet of Things (IoT) applications. Devices can trade exact amounts of resources, as well as store data from sensors and dataloggers cheaply, quickly, and securely on the network. This is great for IoT devices that often need to broadcast and receive large amounts of data. Again, the more the devices, the better the security and speed of the interactions, regardless of the size of the transaction. This clearly poses a major threat for Blockchain technology, which are limited by fees, bottlenecks and Scale ability.

· The Data Marketplace was made possible only because of the Tangle’s unique properties of unlimited scaling and zero-fee transactions. This allows IoT devices to continuously inject a large amount of data into the network quickly and cheaply, which creates a highly efficient market where the only supply-side cost is the electricity needed to run IOTA’s node software and to perform proof of work every time a transaction is issued 

Does IOTA have poor security?

IOTA is a relatively new cryptocurrency with very low network usage, the IOTA Foundation has to run what is known as a Coordinator that dictates the network’s progress. This effectively centralizes the network and significantly reduces its value proposition as a cryptocurrency. the number one concern in the crypto-community regarding IOTA is the coordinator. Many are sceptical that the tangle will be able to grow big enough to turn the coordinator off. The more Full Nodes are running, the stronger the network becomes, the faster the coordinator will be turned off. However, right now, running your own full node is very unhandy. Besides of starting it on command line, you have to manually manage the neighbour nodes you want to connect to. It is a huge barrier for the network growth. IOTA needs to be heavily used in order to be secure. If IOTA is able to significantly bump up network usage and shed off its reliance on the Coordinator, it’ll become a truly decentralized network with trust less security. In its current state, it’s centralized without trust less security.

· Quantum computing theoretically not break IOTA’s public-key algorithm. In order to be quantum proof, IOTA uses something called the Winternitz OTS which reveals half of an address’s private key every time a transaction is sent from that address. Therefore, it is not advised to send IOTA from the same address multiple times. This is known as the “address reuse” mistake.

· Given that IOTA’s public addresses are meant to only be used once, the number of unsafe public addresses will grow at an exceedingly fast pace. Luckily, the space of all possible addresses is insanely large so there’s no need to worry about the number of safe addresses running out any time soon.

Manufacturing Industry shows Interest in IOTA

·         SatoshiPay began exploring the replacement of Bitcoin with IOTA as the company’s settlement network in July 2017. This comes after Bitcoin’s fees and confirmation times have increased significantly due to an increase in adoption of the network. Bitcoin continues to experience significant congestion today. SatoshiPay’s efforts to integrate IOTA has stalled recently in favour of the Stellar network. The IOTA + SatoshiPay integration is stuck at phase 2 of 3 phases and it is unclear whether SatoshiPay will choose Stellar over IOTA.

·         In August 2017, the IOTA Foundation forged a partnership with REFUNITE, the world’s largest missing persons database, in order to use IOTA technology to help reunite families during and after conflicts.

·         In August 2017, Monster Cleaning Services, a London UK based company, announced that they are accepting IOTA as a payment.

·         In August 2017, Sopra Steria, a European information technology consultancy company with 40,000 employees, announced a partnership with IOTA to create a framework to optimize security between devices on the Internet of Things.

·         In November 2017, LATTICE80, a Singapore based Fintech hub and largest of its kind, cemented an agreement to open an IOTA innovation lab for the Internet of Things.

·         In November 2017, IOTA announced its Data Marketplace. It’s an ambitious project that aims to create a market where individuals and companies can buy and sell data. Suppliers can setup sensors connected to the Tangle that will feed data to the market. Buyers can then ingest this data from the market for a small fee paid to the seller. The project is currently undergoing a 2-month-long pilot phase with several corporations and institutions participating including: Accenture, Fujitsu, Bosch, Farmforce, and the University of Oslo.

·         When IOTA released its launch marketing for the Data Marketplace project, there was a widely disseminated article by a third-party publisher that claimed that Microsoft was “partnering” with the IOTA Foundation in building this project. However, this turned out to be objectively false and IOTA was simply using Microsoft’s Azure platform to host the Data Marketplace. Not once did they lie about partnerships. A statement put out by A Microsoft employee was misconstrued by media. This supposed “partnership” was never communicated by anyone at IOTA nor our PR agency to any of the journalists. In essence, IOTA was a customer of Microsoft instead of a partner.

·         Cisco and Samsung Group which were mentioned are also not associated with the data marketplace at all. Only “Samsung Artik” (Samsung’s IoT Platform) is publicly participating.

IOTA has a lot of potential, but also a lot of challenges ahead!

·         IOTA’s codebase uses a balanced ternary numeral system. So instead of having only 0’s and 1’s like binary, balanced ternary has -1’s, 0’s, and 1’s. IOTA’s developers defend this decision by stating that ternary processors are theoretically more efficient than binary processors and that certain mathematical constructs are more cleanly represented in balanced ternary.

·         Beyond the general state, one of the biggest hinderances to adoption is public policy. Despite the fact there are bazillions of IOT devices, IOT manufacturers usually lag far behind in terms of technology. The team has been actively working on an open API to enable the community to participate (hopefully before the end of this year.)

·         Meanwhile, with no mining reward, unless you're an IoT dev or IOTA vendor there's just no incentive to run a full node altogether. On this point IOTA isn't really "free" since you will have to pay the expense of running a node. Some incentives users would have to run a full node include:

·         Running the full-node is beneficial for the tangle topology and you want to help.

·         You have lots of transactions to make and don’t want to rely on a light node-server that is not always running, as there is no guarantee that they are online when you need them.

·         You have a web app running and need the stable connection in any event.

·         You want to have maximum speed, so you choose the full-node, to process the transactions faster. The future, maybe you provide a service and earn money for a full node. That is purely speculative.

·         You want to have a copy of the Tangle database, that is generated when using a full-node. (good for several reasons)

·        The new wallet might fix more issues and we'll have a fully functional Tangle like intended. 

·         The IOTA Foundation presides over IOTA. It’s a German non-profit corporation that coordinates and funds the development of IOTA. As of November 2017, the Foundation has a fund consisting of 5% of the total IOTA supply that’s worth $100 million as of November 2017. The fund is used to promote the development of a technological ecosystem around IOTA.

Conclusion

IOTA is an ambitious and technically impressive project. It’s promise of unlimited scaling and zero-fee transactions is particularly enticing, especially for Bitcoin users that are currently seeing transaction confirmation times and fees sky rocket. However, it is not without its shortcomings. The network is definitely not secure in its current level of adoption and needs to be centralized to keep it afloat. The Data Marketplace project is a great initiative that not only brings tremendous utility to the network but also decentralizes it. However, it is important to keep in mind that if the project fails, IOTA will remain centralized for the foreseeable future. I also have some reservations on the maturity and leadership skills of the project’s co-founders. Besides these issues, I think IOTA is a very strong and exciting project.

IOTA/USD

Bitcoin may have stabilised to a certain extent, but other currencies such as Ethereum, ZCash, Ripple and Litecoin have soared as critical mass has been established. Crypto conversations in coffeeshops are now commonplace. Nobody knows what will happen in 2018.

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Sheeple 5:37 PM  No comment

Miota on the run!

Bitcoin has been standing out as truly newsworthy of late. It has an extraordinary rally behind it — the new money achieves one unequaled high after another. All the while, other digital forms of money are taking a rearward sitting arrangement, including the exceptional IOTA. 

IOTA, the Berlin startup, vanishes subtly into the universe of cryptographic forms of money. As ahead of schedule as 2014, the primary IOTA tokens were available for use. Be that as it may, just as of late, the youthful organization has made gigantic jumps. IOTA portrays itself as the "Backbone" of the Internet of Things (IoT) economy. 

Since early November, the cryptographic money has ascended by right around 800 percent, with a significant part of the increases made as of late. This wild rally has empowered IOTA to achieve an aggregate market capitalization of about $ 12 billion, making it a best 5 position in the cryptographic money showcase. 

As at 12 December 2017 #IOT/USD

On account of the thought behind IOTA, an overall trade of information ought to have the capacity to occur on an extraordinarily made information marketplace — independent of foundations and substantial organizations. 

Dissimilar to Bitcoin, whose usefulness depends on blockchains, IOTA works with the "Tangle". While Bitcoin has a chain with an extensive number of pieces in succession, IOTA depends on a wide range of strands to deal with the exchanges. This offers the chance to proceed with exchanges unendingly and hence speaks to an unequivocal favorable position over Bitcoin. 

The thought depends on a machine-to-machine (M2M) installment, in which specialized gadgets self-sufficiently move cash among themselves. IOTA is along these lines fundamentally went for machines, less at individuals. 

To delineate this framework, one could utilize the accompanying case: An auto crashes into a parking structure. Rather than pulling a ticket, the auto is identified by a sensor. The auto at that point discusses autonomously with the auto stop and pays the stopping charge. 

Enthusiasm for the up to this point obscure digital currency IOTA is expanding quickly. A few prominent innovation organizations, including Microsoft, are presently working with IOTA. This joint effort includes offering information that would somehow or another be squandered. 

"As of now, as much as 99 percent of this important information is lost," said IOTA prime supporter and CEO David Anderebo. "IOTA makes an impetus to share information through its zero-expense exchanges and by guaranteeing information respectability on the decentralized record." notwithstanding Microsoft, Accenture, Fujitsu and Bosch have likewise gone into collaboration concurrences with IOTA. 

IOTA presently appears unstoppable — the money as of late hit another untouched high of $ 5.5. As indicated by specialists, it can be expected that IOTA will keep on growing in the long haul. The cryptographic money is decentralized, free and quick. Obviously, despite everything she has far to go to procure genuine rivalry for Bitcoin, however IOTA still is by all accounts well on her way.

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Sheeple 4:07 PM  No comment

The internet of things (IoT), what we can expect in the future.

In spite of the fact that the idea wasn't named until 1999, the Internet of Things has been being developed for a considerable length of time. The principal web apparatus, for instance, was a Coke machine at Carnegie Melon University in the mid 1980s. The software engineers could associate with the machine over the web, check the status of the machine and decide if there would be a chilly drink anticipating them, should they choose to make the outing down to the machine.

Six billion things are presently associated with the Internet– and specialists say that number will move to 20 billion in the following four years.

The Internet of Things" (IoT) is one of the quickest developing enterprises on the planet today, changing innumerable ventures, for example, transportation. On the off chance that that pace keeps up, IoT is required to be a $3-trillion industry by 2020.

The Internet of Things (IoT) is an arrangement of interrelated processing gadgets, mechanical and advanced machines, items, creatures or individuals that are furnished with novel identifiers and the capacity to exchange information over a system without expecting human-to-human or human-to-PC connection.

A thing, in the Internet of Things, can be a man with a heart screen embed, a homestead creature with a biochip transponder, a vehicle that has worked in sensors to alarm the driver when tire weight is low - or some other regular or man-made question that can be doled out an IP address and gave the capacity to exchange information over a system.

Down to earth utilizations of IoT innovation can be found in numerous businesses today, including exactness agribusiness, building administration, human services, vitality and transportation. Network alternatives for hardware architects and application engineers taking a shot at items and frameworks for the Internet of Things are countless.

Ashkan Fardost | TEDxÖstersund

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It's not simply associated autos that IoT is changing, either– the marvel touches about each part of the transportation business. In the carrier business, the innovation is being utilized to help make planes more productive. Diverse Fool clarifies that General Electric's Flight Efficiency Systems programming has helped AirAsia spare more than $50 million in fuel costs in the course of recent years by examining flight information and utilizing it to design better flight calendars and make other effectiveness changes.

Other comparable projects by GE are utilized to do a significant part of the same for open transports and railroad autos for open transportation frameworks, and to design coordinations for delivery organizations.

The business-to-business (B2B) industry will likewise profit. IoT frameworks can remove the mystery from item advancement by get-together information about how products– including capital goods– really capacity and how they are utilized, as opposed to depending on client center gatherings.

Obviously, individual correspondence is as of now an enormous industry, and is becoming significantly greater with IoT innovation. Verizon's income has expanded 18 percent year-over-year on account of IoT.

IoT is permitting organizers in the formation of "keen urban communities," and the thought is spreading quickly the nation over.

"Verizon is thinking about new cell designs only for IoT gadgets," Motley Fool reports. "The boundless, level rate designs will make it simple and moderate for more urban communities to grow their IoT arrangements, and it's a sharp proceed onward Verizon's part. Savvy urban areas are required to bring taken a toll funds and income of $1 trillion by 2019."

Agribusiness is another industry that will be changed by IoT arrangements. Monsanto's "FieldScript" programming program enables agriculturists to interface their fields to the web and, through the product, see helpful examination that disclose to them when, where, and the amount they ought to plant.

Also, "John Deere offers a Field Connect framework that enables agriculturists to screen air and soil dampness levels, wind speed, sun powered radiation, stickiness, precipitation, and even leaf wetness. By investigating this data, agriculturists can settle on better-educated water system choices, sparing time and cash on watering costs," Motley Fool clarifies.

For speculators, IoT absolutely is by all accounts a gold mine as well– and the budgetary specialists at Motley Fool say the $3 trillion-by-2020 gauge may even be on the moderate side.

"For financial specialists searching for the 'following enormous thing,' the Internet of Things surely resembles a decent choice. Tech organizations, aggregates, farming organizations and remote suppliers alike all observe the incentive in the Internet of Things — now it's the ideal opportunity for speculators to get on board," they report.

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Sheeple 2:01 PM  No comment

Deutsche Bank confirms that IOTA solves the main blockchain problems

Today's price will seem a bargain soon. Great time to buy.

1) Brand-new wallet coming soon, made by UCL/University of London. See preview Here:
2) Coordinator will be open-source
3) "Q" project, one of the biggest things to occur to the IOTA project and the cryptoverse itself

4) Oracle/Smart Contracts are coming
5) More exchange listing (we aren't even at Bittrex, Poloniex, Bitstamp, etc yet. Only Bitfinex, Binance and Coinone)
6) Data marketplace, the shaking news that boomed us last days, where you will be able to buy/sell data from/to any sensor in the world!
7) Even more partnerships with companies that will fasten and secure the Tangle for us users
8) We are THE non-blockchain alternative to 99% blockchain-based coins. The more the Tangle proves itself as a disrupting technology, the more adopters and organic growth we will get. Look at the Dominik Schiener (co-founder) appearance in a German TV:

9) Awesome personal projects being developed by independent programmers from the community, like CarrIOTA, your personal finance manager. See Here
10) A great amount of institutional money from traditional markets/funds will be invested in cryptocurrencies


As Bitcoin smashes through the 15,000 US dollar mark, Deutsche Bank Wealth Management examines the risks of investing in so-called cryptocurrencies and whether they could replace traditional money.

In the latest CIO Insights Reflections, the Chief Investment Office argues that cryptocurrencies remain a risky investment, given that recent price rises have been due to speculation as well as imbalances between supply and demand. Greater regulation and security may be necessary to establish cryptocurrencies as a viable asset class in future.

If cryptocurrencies are to replace money, then they have to fulfil money’s three core functions: as medium of exchange, a measure of value and a store of value. To do this, cryptocurrencies must be more trusted. Problems here include high volatility and possible price manipulation as well as data loss or data theft.

For further details on Bitcoin and the underlying blockchain technology it relies on, read the CIO Insights Reflections: cryptocurrencies and blockchains – their importance to the future.

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Sheeple 5:42 PM  No comment

Quo Vadis: Cryptocurrency

“Wow, if I had invested $1,000 in Bitcoin last week, today I would have... still no idea how Bitcoin works.”

Stephen Colbert

The virtual network created for the Internet of Things [IoT] – IOTA, as you may know, had a recent value upward rocketing for their token MIOTA against the US Dollar. On the cryptocurrency list by market capitalized it swung up to the fourth place, surpassing Ripple to take the #4 spot among cryptocurrency market caps.

 

The co-founders of IOTA – David Sønstebø and Dominik Schiener  confirm: “IOTA has been under intensive development for over two years and has not spent any money on marketing. In this time our focus was on making this next generation distributed ledger technology a reality. In this period we refused exchanges listing IOTA in order to ensure everything was working properly before it went to market.”

The recent price explosion has come on the news of a major agreement being signed with Microsoft, Fujitsu, and others for business-to-business data sharing. In the past 48 hours the price has steadily increased at exponential rates, settling around $4.60. This is why we believe that the Miota token have the legs to become one of the top contenders for the Market-leading Bitcoin currency.

Are we Moving beyond Blockchain?

IOTA is famous for its ‘Tangle’ system - a platform of interconnected user nodes that both validate and create transactions. The system is brilliantly designed to allow users to create transactions simply by validating, meaning that all transactions are secure, immutable and absolutely free!

Because the system allows for zero transaction fees, it has great potential for the data industry since micropayments for data among businesses cannot be suitably handled by legacy Blockchain technology systems.

Days before a major futures product launch, bitcoin suffered heavy losses. On Saturday 10 December the Bitcoin Cash Price correct around $13,000 after a nasty upside ride above the $17,000. It really proved to be a red weekend for Crypto currencies as

The interest in the technology will likely continue to grow as the need for scalable free transactions grows as well.

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Sheeple 9:17 PM  No comment