Release of 2.0 makes IOTA top blockchain of the future

Release of 2.0 makes IOTA top blockchain of the future
фото показано с : invezz.com

2022-2-16 17:06

IOTA 2.0 (MIOTA/USD) and Assembly are in an excellent position to fulfill the requirements of the modular public chain of the decentralized ecosystem of the future according to a Medium post, which explains the reasons for this.

Finding a market niche

IOTA might finally find a niche with the modular public chain trend this year and the upcoming release of IOTA 2.0 and Assembly. Its new characteristics are listed below.

No MEVEVM compatibleSupports Web AssemblySharing SecurityHigh TPSScalableEasy to customize Assembly’s technology

The core technical features of Assembly include the UTXO ledger, typified by its permission of concurrent writing. This lends it a major advantage in scalability compared to Ethereum’s (ETH/USD) account model. On the other hand, the account model is best-suited to smart contracts because of the existence of objective and global states.

Not supporting smart contracts is an advantage

Most smart contract blockchains are based on the account model and not the UTXO one because the former’s Turing completeness and functionality are far superior to UTXO-based scripts. In some cases, however, the L1 of a UTXO only needs to be responsible for settlement and doesn’t need to run dApps or process any contracts.

In this situation, the inability to support smart contracts would not be a disadvantage. This is because no dApp from L1 would be competing with L2 for resources. L1 processing has a huge advantage in the number of L2 supported simultaneously.

Assembly — a Layer 1.5 blockchain

Assembly is considered a “Layer 1.5” blockchain, which is a smart contract architecture layer. Each smart contract chain built on Assembly would end up forming the real Layer2.

Assembly and IOTA are analogical to the Layer1 module similar to the Polkadot (DOT/USD) relay chain if you see all the contract chains connected to Assembly as the parallel ones on Polkadot, which appear as L2 in this case.

Assembly provides proof of stake of ASMB, its native token. In itself, it is similar to the node verification of other public chains. Malicious behavior is detected at once and errors are eliminated.

The post Release of 2.0 makes IOTA top blockchain of the future appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Molecular Future (MOF) на Currencies.ru

$ 0.0036936 (-0.01%)
Объем 24H $0
Изменеия 24h: 5.67 %, 7d: -99.82 %
Cегодня L: $0.0036545 - H: $0.0036936
Капитализация $322.169k Rank 2193
Доступно / Всего 87.224m MOF

future iota ecosystem chain decentralized public modular

Источник: invezz.com

future iota → Результатов: 49


Iota Price Prediction 2022 – 2025 – 2030 | MIOTA Price Forecast

In this guide, we will voice our own and market’s opinion on MIOTA future while discussing Iota price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Iota Price Prediction 2022 – 2025 – 2030 | MIOTA Price Forecast appeared first on CaptainAltcoin.

2021-11-23 18:28


IOTA Price Prediction 2020 | 2025 | 2030 – Future Forecast For IOTA Price

IOTA Intro IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does […]The post IOTA Price Prediction 2020 | 2025 | 2030 – Future Forecast For IOTA Price appeared first on CaptainAltcoin.

2019-12-17 23:01


IOTA Price Prediction 2019 & 2020 – Future Forecast For IOTA Price

IOTA Intro IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does […]The post IOTA Price Prediction 2019 & 2020 – Future Forecast For IOTA Price appeared first on CaptainAltcoin.

2019-10-7 03:03


IOTA Price Prediction for 2019 – What is IOTA’s Future Outlook?

IOTA was started to provide distributed ledger technology for the machines and internet-of-things (IoT) space where small connected devices regularly share data. Because these machines and devices are generally specialized to be low power and perform only specific functions IOTA does not use a traditional consensus mechanism like proof-of-work or proof-of-stake nor does it use […] The post IOTA Price Prediction for 2019 – What is IOTA’s Future Outlook? appeared first on CaptainAltcoin.

2019-3-15 00:15


IOTA (mIOTA) Price Prediction for This Year, 2020 and 2025: Will the Internet of Things Coin Value Increase?

Any list of the top 20 most successful or popular cryptocurrencies will have IOTA sitting there comfortably. One of the reasons for this stability is that IOTA might sometime in the near future, be the underlying background structure for most devices that will be adopted by the concept of the Internet of Things (IoT). However, […]

2019-3-12 19:57


Фото:

carVertical Unveils CarVertical.CITY, Its New Automatic Parking App That Uses IOTA

carVertical is increasingly establishing itself as a serious contender in the market of connected vehicles. In fact, through building an immutable car registry and enabling buyers, owners and insurance companies to have access to authentic information about a given vehicle, the young Lithuanian startup has already shown scalability promises for the near future.

2018-11-12 15:29


Фото:

IOTA Introduces bIOTAsphere, Future Proofing Innovation

The IOTA Foundation continue to future-proof not only their own ecosystem, but the entirely of the blockchain too. In their most recent announcement, IOTA have revealed their latest project by the name of bIOTAsphere, an environment built upon the IOTA protocol in order to facilitate brainstorming, discussion and the development of new applications for the IOTA network, Tangle.

2018-9-28 12:30


Фото:

2018 & Beyond For IOTA

IOTA is a crypto coin, established in 2015 and designed for the Internet of Things (IOT). There are many examples of IOT on the market, with the most common being the Amazon Echo. IOT differs from Bitcoin and Ethereum by using Tangle instead of Blockchain and doesn’t face any scalability issues due to its high transaction speeds which increase as the number of IOTA users increases.

2018-8-27 17:00


Фото:

IOTA responds to leaked chats revealing a heated internal strife

Sergey Ivancheglo, co-founder of IOTA, has stated a vote of no confidence in his compatriot co-founder Dominik Schiener, as outlined in a leaked chat-log transcript on Pastebin. The transcript opens with a note from Ivangheglo stating, “I inform everyone that I [no] longer trust Dominik Schiener and I think he should quit the IOTA Foundation for the better future of IOTA.

2018-8-8 15:42


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

IOTA targets RWA and DeFi traction with major program in Singapore

IOTA Foundation has revealed a key program aimed at promoting the Real-World Asset (RWA) tokenization ecosystem on IOTA. The 12-week Accelerator is a collaboration with early-stage venture capital firm Tenity and will offer the grant and other resources to early-stage projects ken on RWA, decentralised finance (DeFi), Institutional DeFi Services and infrastructure. IOTA APAC Accelerator […]

TangleSwap DEX wins IOTA’s 1.8 million Shimmer (SMR) airdrop campaign

The Treasures of Shimmer testnet campaign is a wrap and we can exclusively reveal that the 1. 8 million Shimmer (SMR) airdrop has a winner. TangleSwap, a decentralized exchange (DEX) built on IOTA, has won top spot ahead of 16 other projects, according to details shared with Invezz on Monday.