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IOTA Introduced The Latest Version Of The Pollen Testnet: Report

IOTA introduced the latest version of the Pollen testnet that will work with two Coordicide modules as we learn more about it today in our latest IOTA news. A few weeks after IOTA introduced Mana in its testnet platform, the blockchain project enhanced the trials by releasing a new version of the Pollen testnet. The new version will be integrated into two Coordicide modules which will serve as a huge step towards achieving complete decentralization. In a recent blog post, IOTA introduced the latest version of Pollen v0.5.5 introducing a few changes to its network. Most of them are concentrated…

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IOTA Published Pre-Alpha Implementation Of Smart-Contract Protocol

IOTA published pre-alpha implementation of the smart contract protocol earlier today and the ISCP will now provide scalable and feeless business applications as we are reading in our IOTA news. The IOTA Foundation announced the deployment of the Smart contract protocol ISCP and in the press release, IOTA stated that the implementation will be the first scalable and feeless smart contract implementation on the UTXO ledger-based DAG. IOTA published a pre-alpha implementation of the protocol according to the release which can be tested by the users. The IOTA foundation expects to launch a full version in the upcoming months. According…

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Beta IOTA Streams Finally Released With 100x Performance Improvement

The Beta IOTA streams have finally been released by the IOTA foundation with 100x performance improvement, based on the reduction in library size. In our IOTA news today, we are reading more about the recent performance improvement. The Beta IOTA streams version will offer almost 100 fold performance improvement and will pave the way for embedding IoT solutions. After having released the alpha version, the foundation has now taken the next step and released the beta one. The release of 1.0 is planned with the launch of Chrysalis phase 2 which is scheduled for November. The foundation announced the release…

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IOTA Contributes To TechStart Food Innovation Project: Report

IOTA contributes to the TechStart Food innovation project in Brazil that promotes start-ups in the sector of innovative solutions for the food supply chain as we are reading in the IOTA news today. IOTA contributes to a project led by Venture Hub, Food Ventures, and ITAL but the role of the foundation remains unknown. As the foundation already announced, it will contribute to the TechStart Food innovation project in Brazil to start innovations in the food sector over the entire supply chain as IOTA wrote: “One-third of the world’s food (1.3 billion tonnes) is wasted each year. We’re happy to…

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IOTA Founders Reject Weiss Ratings Claims On Project’s Destiny

The IOTA founders reject Weiss Ratings’ claims of the project being “destined to fall by the wayside” as the project is in the phase of technical maturity, progress, and adoption. The foundation is not running out of money as Dominik Schiener and David Sonstebo explained in our latest IOTA news. It was at the start of May when the controversial agency Weiss Ratings published a report on the ranking of the “Top Coins” in the crypto-space where it ranked IOTA as a third behind Bitcoin and Ethereum. IOTA received a B+ rating in the ranking in the area of “technology…

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MasterCard IOTA Patent Will Provide Tangle-Based Billing System

A new Mastercard IOTA patent will provide a Tangle-based billing system according to the latest application by the credit card provider. The company filed for a patent of a new billing system that will share devices such as printers and photocopiers so let’s read more in the IOTA crypto news. The filing mentions IOTA’s tangle technology as well as other blockchains. The Mastercard IOTA patent will provide a new billing system based on the Tangle and the concept is detailed in the application titled “Method and System for Device Micropayment Aggregation based on the Tangle Network.” The patent application described…

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Can IOTA’s Tangle Survive As The Project Loses Money?

Since a year ago, IOTA became less whimsical in the marketing and analysts are wondering can IOTA’s tangle survive due to the loss of money for the project which we can notice in the practical milestones and lower objectives as we are reading more about in the IOTA news today. IOTA is at risk of running out of cash which can be seen from the tensions between the co-founders and the lack of commercial use cases for the Tangle. The project is working on expanding market opportunities by taking a pragmatic approach to the development of technology. However, the team…

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Chrysalis Phase 2: Transactions Size Will Decrease By 20 Times

The Chrysalis Phase 2 has been unrolled and now the transaction size within the Tangle will decrease from 5 to 8 kilobytes for a bundle to 350 bytes for the atomic transaction as we are reading more in the IOTA news. The messages per second will also increase by about 20 times. The IOTA developer Hans Moog revealed new details about Chrysalis Phase 2 via Discord. As it was announced, the upgrade involves a change from the bundle concept to atomic ones. The founder David Sonstebo stated in February that the upgrade will be accompanied by numerous improvements: “This will…

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Korean Government Research Proposes IOTA-Based Healthcare Solution

A new Korean government-backed research conducted by the Kyung Hee University proposed a solution to fight counterfeiting in the healthcare supply chain by using IOTA as we are about to read in our IOTA news. The Korean government research proposal aims to use the Distributed Ledger of IOTA and the Masker Authenticated Messaging which will trace and track counterfeiting within the healthcare system using IOTA. The research was funded by the government and it shows that the production process of health care equipment goes through a number of stages that make is susceptible to all environmental factors. The research outlines…

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IOTA Chrysalis Launch Boosts Network Speed By 50x

The IOTA Chrysalis launch of the update is now live which brought a huge increase in speed on the network as we are reading in the iota news crypto today. The iota project completed its Chrysalis upgrade which enabled the network to handle more than 1000 transactions per second. With the IOTA Chrysalis launch, the network is faster by 50 times than previously when it was topped around 20 TPS. According to the blog post from the IOTA Foundation, IOTA 1.5 aka Chrysalis is now live. The upgrade is designed to be an intermediate stage before the removal of the…

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IOTA Prepares For Chrysalis Mainnet Upgrade Launch: Update

IOTA prepares for Chrysalis mainnet upgrade launch that is only a week away from going live so let’s find out more about the preparations in the latest IOTA news. IOTA prepares for the first phase of Chrysalis or IOTA 1.5 that will go live sometime next week. According to a tweet that is published by the foundation, the upgrade will allow the network to process 1000 transactions per second and will also institute 10-second confirmation times. Earlier in June, the foundation released the latest version of the node software- the Hornet. This paved the way for the next IOTA 1.5…

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The European Union Chooses IOTA As Key Innovator In Funding Program

The European Union has just chosen IOTA as the key innovator in the H2020+CityChange Research program which is a funding program that includes financial support of more than 80 billion EUR by the end of 2023. In our latest IOTA news crypto we find out more about the funding program and the prize. IOTA participated in many funding programs for the research and further development of the Internet of things as well as its use in the free economy. A lot more companies are starting to recognize the potential of the IOTA tangle and are now piloting the new innovative…

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IOTA Released Stronghold Libraries For Secure Password Management

IOTA Released Stronghold, the software library for secure password manager that can be easily integrated into customer-specific hardware. In the IOTA news crypto today, we read more about the new software. With Stronghold, IOTA released the software library for secure management of digital assets and it can be even used independently for the MIOTA cryptocurrency. Stronghold is a collection of multi-purpose libraries for securely managing passwords, personal data, and private keys, laying another foundation block for the further IOTA adoption. As Daniel Thompson described, the secure management of digital data is one of the main priorities in the overall concept…

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IOTA Patent Number From Companies Utilizing It Hits 188: Report

The IOTA patent number from companies that reference it is growing rapidly, hitting 188 from 76 different companies, all saying that IOTA is the new industry standard for machines especially with the new 2.0 launch so let’s find out more in the IOTA news crypto. IOTA was developed as a cryptocurrency for machines which also showed a strong development since the official launch until today. The potential of the tangle technology doesn’t go unnoticed between the tech giants so that numerous other major companies will also reference IOTA or the IOTA Tangle in new patents in July. This only shows…

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IOTA Improves Its Position, Breaking A Strong Resistance: Price Analysis

IOTA improves its position after finally breaking a strong resistance and continuously going up, as we are reading more in the IOTA news crypto. The current market rally didn’t allow it to improve the position as the altcoin started growing a few days ago on its own. The coin is at a critical position where it could keep on increasing or it could start seeing a slight correction. IOTA (MIOTA) Daily Chart (Source: Invezz.com) Now, IOTA improves its position as the price saw a major recovery in the past few months following the mid-march price drop. MIOTA reached a $0.36…

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IOTA Started Testing Smart Contracts For The First Time: Report

IOTA started testing smart contracts for the first time as the team published an update on the main projects of the platform. The development team implemented the first smart contract which will serve as a base for future testing, so let’s find out more in the IOTA news today. In a publication earlier today, the IOTA development team said that the progress of the main platform project is now reported and referring to the progress of the development on phase 1 of  Chrysalis mainnet or IOTA 1.5. According to the development team, the Bee and Hornet teams are working on…

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Water Distribution In Conflict Zones To Be Solved With IOTA’s Tangle

The water distribution issue in conflict zones will likely be solved with IOTA’s tangle technology along with the company com2m, which will integrate the technology into its Internet of Things platform. Let’s find out more about the upcoming IOTA news. In a publication on Medium, the developer Olaf Neugebauer published the details on building a smart pump prototype in order to improve the water distribution in conflict zones. The prototype was developed by the com2m company which uses IOTA’s tangle technology to secure the data and to monitor the water distribution. Neugebauer is a Manager from the com2m company which…

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IOTA Releases Chronicle – A full Permanode Framework for decentralized storage

IOTA Foundation has launched the alpha version of its Chronicle a full permanode framework for decentralized storage on its network. This is a solution where the IOTA network can store all of IOTA transactions permanently. The foundation introduced the Chronicle last year in 2019 as an official permanode solution and now the project is in the alpha stage. An improved version of the Chronicle with new features After introducing the Chronicle in the community, IOTA Foundation has been working on improving its features. Now, they have come up with a newer improved version of this decentralized storage framework with new…

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