In 20 15, four founders of IOTA: David Sonstbo, Sergey Ivantsy Glow, Dominik Ginel and Sergey popov.
20 1 1- 15 February, IOTA conducted crowdfunding. By February 22, 20 15, * * had raised 1337 bitcoins, about 500,000 US dollars, which were used for this project. At present, the market value of 20 19.3.26 is 820 million USD.
In crowdfunding, IOTA tokens are all distributed to investors.
All IOTA tokens have been created and will not be generated by mining. The total number of IOTA is: (3 33-1)/2 = 2,779,530,283,277,761~ 2.8 pettiota.
IOTA unit of quanTity: I, Ki, Mi, Gi, ti, Pi. At present, the trading unit of the exchange is meters.
Number of bitcoins: about 2 140 and 10, and the maximum number of bitcoins will be 20999999769. At present, 16675488 bitcoins have been dug up, accounting for ~79% of the total.
The total amount of bitcoin is converted into the smallest unit: 2,099,999,997,690,000 satoshi, ~ 2. 1 PETA Satoshi. This means that by 2 140, the number of IOTA will be 32% more than that of Bitcoin.
The IOTA team registered and established the IOTA Foundation, headquartered in Berlin, Germany, which is a non-profit foundation dedicated to the research and development of distributed ledger technology and technical standardization.
IOTA mainly talks about the Internet of Things and machine economy. Of course, IOTA technology can also be used for payment between people.
IOTA main network was put into production in July 1 1, 2065438.
IOTA seed
IOTA seed is a string of 8 1 characters, which contains only 26 Latin letters and the number 9.
Characters A-Z are all capitalized.
Through the seed, IOTA wallet can generate the corresponding address.
All addresses generated by each seed belong to that seed.
An IOTA seed looks like this: C9Rqfdnseozzkeynvzdhyujsa 9 qrcujvbjd9 khakptakzsnnkljhefvk 9 awvdaujryykhgwqiawt.
In the blockchain network (taking Bitcoin as an example), multiple transactions are packaged and stored in blocks, and then these blocks are linked to each other in turn.
IOTA is the third generation public distributed ledger, which is based on the directed acyclic graph structure. This DAG is called tangled in IOTA. Entanglement is very different from blockchain.
Entanglement is a data structure based on DAG directed acyclic graph. Every transaction always refers to two transactions that have not been verified before verification.
Scalability, with the increase of transaction volume, IOTA network will become more powerful.
Free transaction: IOTA has no transaction fee, which means that IOTA can be used for small payment. You can send 1 IOTA to an address, without paying the handling fee.
Quantum security: IOTA uses Winternitz one-time signature algorithm, and WOTS algorithm has the characteristics of anti-quantum computer. Reference:/
? https://iota.org/IOTA_Whitepaper.pdf