IOTA: Chronicle to make the Tangle searchable

IOTA has presented a new module for Tangle-network. "Chronicles" will allow the operators of the network node in the Tangle, store the transaction history of the network using a so-called "Permanodes" over a long period of time.

By Christopher clover
19. September 2019BTC$9.853,90 -3.16%part Facebook Twitter LinkedIn xing mail

IOTA has presented a new module for Tangle-network. "Chronicles" will allow the operators of the network nodes (Nodes) in the Tangle, store the transaction history of the network using a so-called "Permanodes" over a long period of time.

imagine, it is the Internet – of-things, and your memory is full

every little helps – even for micro-transactions in the Internet of things (IoT), the hobby-horse IOTAs: operators of Nodes to run in IOTAs Tangle network in principle, the risk that no new transactions to record when their memory is exhausted capacity. to meet

this is a Problem, an led IOTA at the beginning of this year, for Node operators the ability to create local snapshots of the network state. These enable the operation of Nodes, without the need for the entire transaction history of the Tangles store. In the Standard configuration, a so-called local Snapshot is made every 30 days, before the old data will be deleted from the Node. What are the things to appear for the fast-paced traffic on the Internet as a viable way, then becomes a Problem when data has to be stored over a longer, if not indefinite period of time.

Chronicles unravels the Tangle

"Chronicles" is intended to remedy. The on 17. September IOTA, presented solution enables the use of so-called "Permanodes". It is a network node that can store the entire transaction history of the Tangles for an unlimited time. Thus, the Tangle is to be, among other things, for the most part, the legal requirements for the duration of their storage of data must comply with. The IOTA Foundation cites as examples of companies from the financial sector, it is sometimes necessary to comply with Custody time limits by a decade. As another example, IOTA the storage of identity data, which requires in some cases an unlimited retention period.

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the rest of the network participants will be of the introduction of Chronicle benefit. The Permanodes order to bring in the tangle of the Tangle by making it searchable. According to the IOTA Foundation is to earn money as well:

What are the Chronicle unique is the opportunity for members of the Community and even companies, and the Tangle-data "query as a service" [data-query-as-a-Service] offering. With a little additional development Node operator could earn money by IOTA Token for access to older Tangle-calculate data.

the Chronicle should be translated in the next step in the Erlang programming language. An official Release from Chronicle to follow after an Audit by third parties.

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