IOTA experiments and optimizes Tangle technology for IoT devices

Rage Review : IOTA is a decentralized micro-transaction digital currency designed for the Internet of Things (IoT) system. By using a blockchain technology called 'Tangle', IOTA can efficiently handle a large number of problems that affect traditional blockchain technology. The optimized IOTA core technology brings three changes: removing decimal points, splitting the total amount of tokens, and increasing the total amount of tokens. In IOTA, we will never prioritize people's use over the Internet of Things.

Translation: Nicole

David SΦnstebΦ, founder and lead developer of IOTA, announced to the IOTA community this week a significant improvement to IOTA’s core technology.

IOTA is a decentralized micro-transaction digital currency designed for the Internet of Things (IoT) system. By using a blockchain technology called 'Tangle', IOTA can efficiently handle a large number of problems that affect traditional blockchain technology.

The optimized IOTA core technology can effectively change the supply of the proprietary token. These changes include removing decimal points, splitting the total amount of tokens, and increasing the total amount of tokens day by day.

Removing decimal points allows coders to make fewer mistakes when calculating the number of tokens. The purpose of the token split is to eliminate the step of verifying data after each calculation, which can automatically reduce the necessary technical expenses, thereby optimizing the IOTA micro-IoT device technology. The supply of IOTA will increase from the original 999,999,999.999.999 to 2,779,530,283,277,761.

SΦnstebΦ explained the reason for the supply change:

This means that there is no need to convert between letters and numbers. The optimization of IOTA core technology also facilitates any device using JavaScript language and its derivative architecture (node, js, etc.). The number we originally chose was very arbitrary, and now research shows that this new supply is exactly what machines and coders want. It is important to emphasize that this does not change the number of iota coins held by each person, and the proportion held by each person remains the same.

In other words, even if the total amount of split tokens increases, the proportion of tokens held by current users will not change.

IOTA also provides three levels of security signatures: 128-bit, 256-bit and 384-bit, with the aim of providing optimized security and resilience for devices in the IoT ecosystem.

81-trit (128-bit) — relatively low security, but very efficient — is the best choice for micro IoT devices that store small amounts of value.

162-trit (256-bit security) — standard security, moderately effective — is the best choice for custodian wallets and devices storing large amounts of value.

243-trit (384-bit) – a fully fledged quantum-safe proven mechanism that complies with NSA specifications for sensitive material – suitable for the paranoid and for high-value transactions.

The project also adds built-in message authentication capabilities, allowing third-party developers to use IOTA’s built-in mechanisms, bringing IOTA one step closer to becoming a complete IoT standard.

In March, the project team conducted an experiment to allow the reuse of addresses to make it easier for people to use IOTA. However, this obviously led to more obvious problems, such as inefficient Tangle verification, so the project will return to the original address format.

SΦnstebΦ revealed:

This reiterates that IOTA is machine-to-machine, and barter will occur to adapt to changes in human usage. In summary: in IOTA, we will never prioritize human usage over the Internet of Things.

The IOTA founder revealed that the user-friendly graphical user interface will be released in the “next few days”, along with many non-technical updates to be released in the following days and weeks.

In March, IOTA partnered with Hong Kong-based blockchain IoT research lab Chain of Things and will apply its technology to the Chain of Things solar case study and the London 2016 conference.