IOTA aims to create an international Standard

IOTA comes with a new announcement. According to Richard Soley, CEO of the Object Management Group OMG and Supervisor at IOTA, it should be up by the end of next year, an official Standard for IOTA.

By Phillip Horch
At the 1. August 2019BTC$10.028,00 0.76%part Facebook Twitter LinkedIn xing mail

IOTA has big plans. In may, the Foundation had announced the "Coordicide" - that is, the abolition of its most Central element. 23. In July, we received the message on the appropriate Roadmap, the plans should thicken. With the implementation of "GoShimmer" went to the Launch of an appropriate test environment, hand-in-hand. Here, too, the aim was to build scenarios for the future of IOTA and its technological infrastructure, "Tangle".

standardization: IOTA wants to came spread

Now it's in the Livestream "IOTA Insights Volume 1" on YouTube to see the new announcements. So the Ecosystem is supposed to get according to Richard Soley until the end of next year, a technological Standard.

IOTA Insights Volume 1

watch This Video on YouTube.

Therefore, they are working on an international Standard for Distributed Ledger technologies, and the devices of the Internet of things (IoT). First of all, so Soley, wool to create an Open-Source Standard for the IOTA itself. This is accomplished, if you wanted to spread it on the international level.

Dominik Schiener talks emphasized the security question on

Dominik Schiener, co-founder of IOTA, that it is the main aim of the company to support automation. Can contribute to Schiener Distributed Ledger technologies, a crucial part. Finally, the use of DLT for the necessary security, the lack so far of concern. In addition, new payment methods are opening up due to the project – with the use of the crypto-currency can pay machines in the Internet of things to each other, so Schiener more.

In the next few years, it is to focus on Smart Cities. In this context, they wanted to test the technology, and governments work together.

IOTA-rate unimpressed

Of all of these announcements shows the IOTA course, however, is unimpressed. He is currently just under $ 0.28. The Internet of things-designed crypto-currency which is 94.5 percent of its all-time high of 5.25 US dollars away.

About the project

The IOTA Foundation is to create with your project as the basis for the Internet of things, i.e. the communication between machines. The internal crypto-currency is to be used. In contrast to the Bitcoin System based on a Blockchain, used IOTA, a directed acyclic graph, also Tangle called.

NEW: THE BTC-NAVIGATOR

The German Blockchain Ecosystem brings together in one place:

trading places | JOBS | EVENTS | COMPANY | PRODUCTS | points of ACCEPTANCE | WEBSITES

More:

IOTA: GoShimmer opens up a new test environment XAIN: IOTA-founder Dominik Schiener invested in Porsche-Partner, IOTA published a Roadmap for Coordicide#Internet of things#IOTA#Standard