IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).
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IOTA Partners With DELL To Develop Data-Driven Solution for Real-Time Tracking of Carbon Footprints
IOTA, an open-source distributed ledger and cryptocurrency designed for the Internet of things (IoT), has sealed a partnership with the tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints. The development was announced a couple of hours ago via the official Twitter handle of Dell’s edge solutions team. …
Iota Foundation joins Dell to develop real-time carbon footprint tracking
The IOTA Foundation joined Dell along with ClimateCHECK and BioE to fight climate change using real-time carbon footprint data. IOTA Foundation, a non-profit distributed ledger technology ecosystem provider, partnered with tech giant Dell Technologies to develop a data-driven solution for the real-time tracking of carbon footprints. Edge solutions from Dell Technologies announced the onboarding of IOTA, climate-change-focused technology company ClimateCHECK, and BioE, to develop a solution on top of Dell’s in-house initiatives: Data Confidence Fabric (DCF) and Project Alvarium. We've partne...
Iota & dell mentioned on cointelegraph.com
The solution will utilize vetted data from Dell's DFC or “trust fabric” across heterogeneous systems.