IOTA is not a synonym for Internet of Things (IoT), but means "very small".
We gave him a Chinese name: Iota, which is a homophonic pronunciation, and at the same time, "AE" also means a very small name.
IOTA was founded in 2015 by four founders: David Sonstebo, Sergey Ivancheglo, Dominik Schiener and Serguei Popov.
From November to December 2015, IOTA conducted crowdfunding. As of December 22, 2015, a total of 1,337 Bitcoins, approximately US$500,000, were raised for the development of the project.
The current market value on March 26, 2019 is US$820 million.
In the crowdsale, all IOTA tokens were distributed to investors.
All IOTA tokens have already been created and will not be mined.
The total number of IOTA is: (3^33-1)/2 = 2,779,530,283,277,761 ~ 2.8 Peta IOTA.
The quantity units of IOTA are: i, Ki, Mi, Gi, Ti, Pi. The current trading unit on the exchange is Mi.
Number of Bitcoins: Around October 2140, the maximum total number of Bitcoins will be 20,999,999.9769.
Currently, 16,675,488 Bitcoins have been mined, which is ~79% of the total.
The total amount of Bitcoin converted into the smallest unit is: 2,099,999,997,690,000 Satoshis, ~ 2.1 Peta Satoshis.
This means that by 2140, the number of IOTA will be ~32% greater than that of Bitcoin.
The IOTA team registered the IOTA Foundation, headquartered in Berlin, Germany. This is a non-profit foundation dedicated to the research and development of distributed ledger technology and technical standardization.
IOTA is mainly about the Internet of Things and the machine economy. Of course, IOTA's technology can also be used for payments between people.
The IOTA mainnet was launched on July 11, 2016.
IOTA Seed An IOTA seed is an 81-character string. These characters only include the 26 Latin letters and the number 9. The characters A-Z are all uppercase. Through the seed, the IOTA wallet can generate the corresponding address. All addresses generated by each seed are
An IOTA seed belonging to this seed looks like this: C9RQFODNSAEOZVZKEYNVZDHYUJSA9QQRCUJVBJD9KHAKPTAKZSNNKLJHE FFVK9AWVDAUJRYYKHGWQIAWT Multiple transactions in the blockchain network (taking Bitcoin as an example) are packaged and stored in blocks, and then these blocks are sequentially linked to each other.
IOTA is the third generation of public distributed ledgers, based on a directed acyclic graph structure.
This DAG is called a tangle in IOTA.
Tangle is very different from blockchain.
Tangle is a data structure based on DAG directed acyclic graph.
Each transaction always references two transactions that have not been verified before the verification.
Scalability, as transaction volume increases, the IOTA network will become more powerful. Free transactions: IOTA has no transaction fees, which means IOTA can be used for small payments.
You can send 1 IOTA to an address without paying a fee.
Quantum security: IOTA uses the Winternitz one-time signature algorithm, and the WOTS algorithm is resistant to quantum computers.