IOTA Being Shut Off Is the Latest Chapter in an Absurdist History
IOTA's 12-day outage shows the crypto markets aren't rational, at least not yet.
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About
IOTA is a cryptocurrency set up to allow data exchange between any data recording machine as part of the Internet of Things. IOTA is novel in that it doesn’t use a blockchain and instead enables a different type of system of a web of connections. The new system is called Tangle and is based on a type of cryptographic verification known as Directed Acyclic Graph (DAG). In order to make a transaction, the user must validate two previous transactions in the web. This means the system is proportional in speed to the number of transactions occurring.
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IOTA Founder Personally Refunding Hack Losses to ‘Safeguard’ Project’s Remaining Reserves
Mar 12, 2020
Using his personal holdings will help protect the IOTA Foundation's 12-month runway, according to David Sonstebo.
IOTA
