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IOTA ICO summary information

Project Description

The initial coin offering (ICO) for IOTA crypto token (IOT) was in 2015. The token started being traded June 2017 by Bitfinex. The exchanged admitted to have been following the development of IOTA for the last year and has publicly supported the project. 

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IOT Latest Updates
May 23, 2018

Welcome Jakub Cech to the IOTA Foundation

Jakub Cech is a product manager and software engineer, whose areas of interest are in learning algorithms, distributed systems programming, programming for parallel computing platforms, and cloud microservices. Jakub studied Artificial intelligence programming at the Faculty of Informatics,...

From: David Sønstebø

First of the New Testnets Live

No problem, let me send you a few GIOTA to play with. — G. MandolfoThe Testnet: A Brief HistoryUnfortunately, those aren’t real IOTA. As some of you who follow Discord rather closely may know, the IOTA Foundation operates a separate Tangle we call simply “the testnet”. Indeed, the...

From: Edward Greve

May 22, 2018

UNOPS and IOTA collaborate to bring transparency and efficiency to UN work

A Memorandum of Understanding was signed in New York and Berlin.The two organizations have partnered to explore how IOTA’s innovative technology — which provides an open-source distributed ledger for data management — can increase the efficiency of UNOPS operations.“We share a...

From: Julie Maupin

Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io

Sign-up for the webinar on May 22nd: Learn how IOTA and Kontakt.io will enable smart sensors and secure telemetry data in global supply chainsKontakt.io, a leading IoT (Internet of Things) location platform provider and the IOTA Foundation, will collaborate to integrate IOTA’s next generation...

From: David Sønstebø

May 20, 2018

SSL/TLS for IRI: Using HTTPS with the Upcoming Trinity Wallet

With the Trinity mobile beta approaching, it is important that node owners are suitably prepared. Mobile app stores require that all data traffic is encrypted with SSL/TLS. If you’re not sure what SSL and TLS do, here’s a quick video to...

From: Rajiv Shah

May 16, 2018

Welcome Dyrell Chapman to the IOTA Foundation

Dyrell Chapman is an Architectural Technologist and technology enthusiast currently working as the Chief Enterprise Architect at Geometric Energy Corporation. As a co-founder of the company he has been involved in the research and development of numerous projects. He graduated from his program...

From: David Sønstebø

May 15, 2018

Welcome Andrea Villa to the IOTA Foundation

Andrea Villa is a self-taught computer hacker, devops and entrepreneur, with 15 years experience in the field of system administration, information security and networks. Passionate about Linux kernel hacking since a young age, during his MSc in Networks and Operating Systems, he hacked the...

From: David Sønstebø

May 10, 2018

Welcome Michael Nilles to the IOTA Foundation

Michael Nilles is executive member of the Board of Directors and Chief Digital Officer (CDO) for Schindler. Michael also serves on the Supervisory Board of Deutsche Lufthansa AG.Michael brings more than 20 years of experience spearheading digital innovation and large-scale digital...

From: David Sønstebø

May 09, 2018

IOTA Research — Simulations

The IOTA Research team works intensively on the technology behind IOTA. We analyze the Tangle DLT (distributed ledger technology) using both analytical tools and numerical simulations. Recently, IOTA Researcher, Alon Gal, published a blog post about confirmation rates in the Tangle where he...

From: Bartosz Kuśmierz

IOTA Reclaim Identification Verification Process

An important update to our community and partnersBackground on the reclaim process — the bundle bugAs most members of the IOTA Community know, in October of 2017 a bug was found in the early normalization code for IOTA transaction signature bundles. The details are highly technical, but...

From: Ralf Rottmann

May 08, 2018

Welcome Andrew Greve to the IOTA Foundation

Andrew Greve is currently finishing his Ph.D. in Political Science at Rutgers University. He is an avid technophile, and has a strong interest in the intersection of governance and technology. Andrew holds degrees in History and Asia-Pacific Studies from Rowan University and NSYSU, respectively....

From: David Sønstebø

May 03, 2018

Blockchaingers 2018 — Boosting Co-Creation with IOTA

As the Internet-of-Things expands, IOTA unveils a new digital Blue Ocean best explored via co-creation. As illustrated recently by breakthrough innovation delivered by Enexis and ElaadNL with the creation of the world’s first IOTA Smart Charging Station, smart innovation often happens where...

From: Wilfried Pimenta

May 02, 2018

IOTA joins the Mobility Open Blockchain Initiative (MOBI)

IOTA Foundation Joins Leading Organizations in Consortium to Explore Distributed Ledger Technology for New Mobility EcosystemIOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW, Ford, General Motors, ZF, and other mobility and Distributed Ledger Technology (DLT) leaders to form a new...

From: Wilfried Pimenta

April 28, 2018

The April 29, 2018 IOTA Snapshot and IRI 1.4.2.4: Behind the Scenes

Snapshots are described briefly in our FAQ, but the IRI team wanted to take this snapshot as an opportunity to explain in more detail exactly how the process works, and how our node operating community can help. For an excellent overview of how to prepare and update for snapshots as an IOTA...

From: Edward Greve

April 20, 2018

IOTA Partners with InnoEnergy on Smart Energy Community

IOTA, InnoEnergy together with ÖBO and ElaadNL team up to demonstrate the IOTA Tangle on a smart community testbed to explore new business model for e-mobility and smart community energy marketsBerlin, Germany, April 2018 — The IOTA Foundation (IOTA) and InnoEnergy Scandinavia...

From: Wilfried Pimenta

Welcome Umair Sarfraz to the IOTA Foundation

Umair Sarfraz is a software developer with experience in web technologies and a deep interest in distributed systems, software architecture and cloud security.Umair holds degrees in Software Engineering and International Relations. In his pursuit for a Masters degree in Information Security from...

From: David Sønstebø

April 19, 2018

World’s first IOTA Smart Charging Station

On Wednesday the 18th of April ElaadNL released the first charging station in the world where charging and paying can be done with IOTA, in a machine 2 machine way. The charger is part of the new ElaadNL test site. The test site is located in business park Arnhems Buiten (former KEMA site) and...

From: Harm van den Brink

April 16, 2018

Welcome Eric Hop to the IOTA Foundation

Eric Hop obtained his BSc. in Computer Science at HIO in Eindhoven (Netherlands) in 1984. His initial love for electronics turned into a passion for computers the moment he encountered them at the university computer center. Eric has been a Software Engineer ever since, racking up 38 years of...

From: David Sønstebø

Confirmation rates in the Tangle

The IOTA consensus mechanism is based on a weighted random walk. Using this tip selection mechanism, large branches of the Tangle become larger and smaller ones become smaller, until they get abandoned. The intuition is quite similar to blockchains: while a blockchain builds upon the longest...

From: Alon Gal

April 15, 2018

Welcome Jan Pauseback to the IOTA Foundation

Jan Pauseback has spent most of his working life in the mobility space. He started out with a Bachelor’s degree in Business and Information Technology from University of Applied Sciences Wedel.His professional career began at mytaxi, where he was part of the very beginnings of the most...

From: David Sønstebø

April 09, 2018

Welcome Rolf Werner to the IOTA Foundation

Dr. Rolf Werner is Head of Central Europe at Fujitsu. In this role he manages the company’s business in Germany, Austria and Switzerland.He is also Chairman of the Managing Board of Fujitsu Technology Solutions GmbH. Working from Munich, Werner is responsible for one ofthe most important...

From: David Sønstebø

April 01, 2018

Welcome Emmanuel Merali to the IOTA Foundation

Emmanuel Merali obtained his MSc in System Design at the University of Manchester where he defended his thesis on a cross compiler between 8051 and ARM processor. He is a passionate technophile and long time believer in the IoT vision. Emmanuel built his 20 plus years of professional experience...

From: David Sønstebø

March 29, 2018

Trinity Desktop Alpha

Dear IOTA Community,A week ago we released a long-awaited update to the Trinity development schedule. There we suggested that the alpha of the desktop application could be released within 2 weeks (6 days from now, if we want to be pedantic).We also promised increased transparency regarding...

From: Navin Ramachandran

March 21, 2018

Trinity Wallet — March Update

“When Trinity???”Regular visitors to the IOTA Discord will be well-accustomed to this phrase.Trinity is the long-awaited user-friendly IOTA wallet that has been in development for the last few months. What started life as a little glint in my eye — okay okay, Charlie Varley may have...

From: Navin Ramachandran

March 20, 2018

Welcome Madjid Nakhjiri to the IOTA Foundation

Madjid Nakhjiri has the responsibility for end to end roadmap, architecture, as well as future technology solutions for Samsung ARTIK platform security. Madjid is also a member of executive board for IOT security foundation. Prior to Samsung, he initiated and led Security Engineering team for...

From: David Sønstebø

March 17, 2018

Welcome Gur Huberman to the IOTA Foundation

Gur Huberman is the Robert G. Kirby Professor of Behavioral Finance at Columbia Business School where he has taught since 1989. Prior to that, he taught at Tel Aviv University and at the University of Chicago. Between 1993 and 1995 he was Vice President at JP Morgan Investment Management...

From: David Sønstebø

March 16, 2018

Welcome Alexey Sobolev to the IOTA Foundation

Alexey Sobolev is an enthusiastic software engineer with 9 years of experience in development of complex IT systems with a strong focus on front end development. He has been active in the fields of eCommerce, mobile application development, and large enterprise software systems since early 2009,...

From: David Sønstebø

March 12, 2018

Welcome Harm van den Brink to the IOTA Foundation

Harm van den Brink is an entrepreneur and always looking for practical and useful implementations of new and disruptive ideas. He has a master’s degree in Information Science from the Radboud University Nijmegen and has a professional background in energy, e-mobility and cybersecurity. In the...

From: David Sønstebø

March 09, 2018

Welcome Ralf Rottmann to the IOTA Foundation

Ralf Rottmann is a serial entrepreneur who sold his last company to Alcatel-Lucent and now serves as the Managing Partner at grandcentrix which he co-founded.Incorporated in 2009, grandcentrix has become Germany’s largest system integrator focussing entirely on large scale Internet of Things...

From: David Sønstebø

February 28, 2018

Relaunching the PoWbox!

We are happy to announce that the new and improved IOTA PoWbox (previously: IOTA Sandbox) is ready for use!About the PoWboxThe IOTA PoWbox (Proof of Work box) is a service provided by the IOTA Foundation that enables developers to offload PoW to an optimized remote service, thus speeding up...

From: Edward Greve

February 26, 2018

Official Statement Regarding the MIT DCI Email Leaks

(Note: the contents of this post refer exclusively to the security disclosure made public in Aug.-Sep., 2017. At the time of this writing, there are no known issues with the current protocol.)If you have been following IOTA related news, you are probably aware of an ongoing topic of...

From: IOTA Foundation

February 07, 2018

Announcing the IOTA Ecosystem

The pace of innovation and development surrounding the IOTA Distributed Ledger Technology (DLT) continues to accelerate. The time has come to give our growing community a home. Today we are excited to announce the launch of the IOTA Ecosystem!The IOTA Ecosystem will be a platform to house the...

From: John D. Licciardello

February 06, 2018

Welcome Mark Sulavka to the IOTA Foundation

Mark Sulavka is the Managing Partner of Aquilon Holdings and the Co-founder and Chairman of Exascale AI, an artificial neural networks system based on patented limbo-thalamo-cortical algorithms, scheduled for launch in the 3rd quarter of 2018.Mr. Sulavka is also the former Chairman and CEO of...

From: David Sønstebø

February 05, 2018

Privacy is not a currency

If you have been living under a rock for the past 2 years, you may be unaware of the EU General Data Protection Regulation (GDPR), a replacement for the current EU data protection directive. This is of course a very Euro-centric (and yes sorry, a slightly antagonistic) viewpoint, but we hope...

From: Koen Maris

February 04, 2018

Flash Hackathon — Winners Announced

Flash Hackathon — Winners AnnouncedIn September, we announced IOTA Flash Channels. To get a better understanding of their function, check out our introductory post on the protocol: here. But in essence:Flash is a bi-directional off-Tangle payment channel which enables instantaneous,...

From: Lewis Freiberg

February 02, 2018

Data is the New Oil — How the Partnership between ITIC and IOTA Foundation builds the bridge…

Data is the New Oil — How the Partnership between ITIC and IOTA Foundation builds the bridge between simulated and physical vehicles and infrastructure“Data is the new oil”. For many years the automotive industry has leveraged data and computational advancements to not only design...

From: Alexander Renz

February 01, 2018

Welcome Matthew Darnell to the IOTA Foundation

Matthew Darnell is very interested in the Internet-of-Things revolution. He has worked on several projects in the industry, and has been heavily involved in the crypto/Distributed Ledger Technology community since 2013. A big believer in the expanding role of DLTs in the financial and other...

From: David Sønstebø

January 31, 2018

Welcome Alisa Maas to the IOTA Foundation

Alisa Maas graduated in Business Administration and has been active in the fields of mobility, IoT, logistics and fleet management since early 2010, gaining extensive topic expertise with regard to digital business models and product development.In her role as Senior Product and Marketing...

From: David Sønstebø

The Tangle: an Illustrated Introduction

This is the first in a series of beginner level posts, aimed at those who want to learn more about how IOTA works under the hood. We will loosely follow the whitepaper, but go a bit slower and add some pictures to clarify the basic concepts. In this article, we introduce the tangle, explain what...

From: Alon Gal

January 29, 2018

IOTA Trinity Wallet: Next Steps

The Trinity wallet, previously known as the ‘UCL Wallet’, was a project started as a Master’s thesis by University College London student Charlie Varley. The intention was to develop a cross platform mobile application that would serve as an alternative IOTA wallet for the community. At...

From: Lewis Freiberg

January 22, 2018

The Secret to Security — Is Secrecy

In today’s world, security is imperative for maintaining control of your belongings whether physical or virtual. Cyber security is vital to keeping you protected, safeguarding your integrity, and avoiding unwanted data disclosure. IOTA provides robust cyber security measures around data...

From: Koen Maris

Welcome Charlie Varley to the IOTA Foundation

Charlie Varley completed his undergraduate degree in Psychology and Philosophy at the University of Bristol. His chosen areas of study included brain imaging, artificial intelligence and philosophy of mind; showing a clear technical theme. And this persisting interest led him to change his...

From: David Sønstebø

January 16, 2018

IOTA Tel Aviv office is official

In 2018 IOTA is maturing into a truly international open source movement, as we have unveiled, we plan to expand our distributed local offices beyond the three we already have in Berlin, Oslo, and Chicago. Today we are excited to announce our new Tel Aviv office location, launched earlier this...

From: David Sønstebø

January 15, 2018

Welcome Andreas Mikolajewski to the IOTA Foundation

Andreas Mikolajewski kicked off his Software Engineering career at SAP over ten years ago at age 17. While constantly building his experience in various international Engineering roles he pushed his boundaries to work on his master’s degree in Computer Science at KIT, found startups, compete...

From: David Sønstebø

January 13, 2018

Welcome Alon Gal to the IOTA Foundation

Alon Gal is a physicist, developer, and entrepreneur. He obtained his MSc in physics via the AtoSIM Erasmus Mundus program, in the University of Amsterdam, La Sapienza University in Rome, and the ENS in Lyon, focusing on solving molecular-scale physics problems using numerical methods.In his MSc...

From: David Sønstebø

January 12, 2018

Welcome Darcy Gabriel Augusto Camargo Cunha to the IOTA Foundation

A mathematician is always fascinated by a challenge and with Darcy Camargo, it’s no different.Since his early undergraduate days at University of Campinas (UNICAMP) he was always seeking interesting problems, which led him to awards in international math competitions and a perfect score in all...

From: David Sønstebø

January 07, 2018

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 4…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 4 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 3…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 3 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 2…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 2 / 4Editor’s Note:All of the information and links contained in this multi-part document were publicly available prior to publication. None of the information contained herein is new or...

From: IOTA Foundation

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 1…

Official IOTA Foundation Response to the Digital Currency Initiative at the MIT Media Lab — Part 1 / 4The IOTA Foundation was established in Germany in 2017 to support the development of the IOTA platform and related technologies. The aim of the foundation has always been to operate in a...

From: IOTA Foundation

January 06, 2018

Welcome Koen Maris to the IOTA Foundation

Koen Maris is Chief Technology Officer in the field of cyber security for Atos in the region of the BeNeLux and the Nordics. Together with his team he scouts for new technologies and how to embed them into new services for the organization to serve their customers. He is recognized as a...

From: David Sønstebø

Welcome Clara Shikhelman

Clara Shikhelman has shown interest in mathematics from a young age. Following her passion for the field, she commenced her studies at Tel Aviv University at the age of 14. After serving in the IDF as an R&D team leader in a leading intelligence unit, she resumed her studies. She received...

From: David Sønstebø

January 04, 2018

IOTA partners with ITIC

We’re happy to be able to announce that after getting Joachim Taiber as advisor to the IOTA Foundation, that we’ve now officially partnered with the International Transportation Innovation Center (ITIC), to collaborate with them to work on autonomous vehicle testbeds. The first releases can...

From: Dominik Schiener

Welcome Oliver Mulherin to the IOTA Foundation

Oliver Mulherin is an software developer with experience in the Internet-of-Things(IoT) space. His work has primarily focused on developing industrial solutions using both software and hardware, additionally has experience with artificial intelligence and the simulation of...

From: David Sønstebø

January 01, 2018

2017 in review, 2018 in preview

It would be impossible to list every one of the milestones, significant events or other achievements that took place in the IOTA cosmos this year. However, here is a nonexhaustive cheatsheet of some noteworthy things that transpired in 2017.2017 has been an incredibly eventful year for the IOTA...

From: David Sønstebø

December 31, 2017

Claims and Reclaims: Finalization

BackgroundDuring an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.Once...

From: Dominik Schiener

December 26, 2017

Equilibria in the Tangle: let me try to explain… (part 2)

In our previous post, we explained the importance to find a Nash Equilibrium for the game of attaching transactions to the Tangle. In the paper (Equilibria in the tangle) we proved its existence and showed that, on this point, all the selfish nodes would choose a similar strategy. However, we...

From: Olivia Saa

December 25, 2017

Welcome Jens Munch Lund-Nielsen to the IOTA Foundation

Jens Munch Lund-Nielsen has built a life and career on bringing together different professional fields and sectors, thereby creating new types of partnerships. By carefully and deliberately mixing diverse experts and interests, he has built new ventures and created impactful...

From: David Sønstebø

December 22, 2017

Welcome Max Minchenkov to the IOTA Foundation

Max Minchenkov is an experienced serial entrepreneur who resides in Moscow and is co-founder and owner in a number of companies engaged mainly in the oil & gas, manufacturing and telecom industry.After obtaining a Bachelor Degree in International Relations and Executive Program from INSEAD,...

From: David Sønstebø

IOTA selected by Tokyo Metropolitan Government Program

We are really happy to announce that the IOTA Foundation has been selected by the Tokyo Metropolitan Government to participate in their accelerator program, aimed at helping IOTA get established in Japan and connect with local companies to work together on innovative new solutions for the...

From: Dominik Schiener

December 19, 2017

Welcome Hongquan Jiang to the IOTA Foundation

Hongquan Jiang is a partner at Robert Bosch Venture Capital GmbH (RBVC). As a “deep tech” investor he has led multiple successful investments in the area of IoT, artificial intelligence, augmented reality and Automotive in the last 10 years in Europe, US and China. Hongquan is well connected...

From: David Sønstebø

December 17, 2017

Equilibria in the Tangle: let me try to explain…

Since the early days of IOTA, some questions were raised about the fact that the default tip-selection algorithm is not enforced — that is, there is no way to check if a given node really used the recommended MCMC method for selecting tips, or if it tries to tweak it in some way, in order...

From: Serguei Popov

December 16, 2017

Welcome Edward Greve to the IOTA Foundation

Edward Greve has been a software developer for a number of years, most recently at WillowTree Apps in North Carolina, where he worked on cutting edge digital products for nationally and internationally recognizable brands, such as CBC and National Geographic. His area of expertise is in...

From: David Sønstebø

IOTA’s Data Marketplace: Setting the record straight

With the FOMO-FUD cycle taking its toll on IOTA and us being continuously misrepresented in the media, we wanted to come forth with a public statement clearing up the confusion and miscommunication surrounding the data marketplace that has happened over the past few weeks. We apologize for any...

From: Dominik Schiener

December 08, 2017

Welcome Giorgio E. Mandolfo to the IOTA Foundation

Giorgio E. Mandolfo was born in Milan, Italy. At the age of 18 he started getting interested towards systems and networks and in particular Linux. He kept self-educating himself until the age of 22, when he landed his first job at a small IT firm specialized in networks, firewalls on Debian...

From: David Sønstebø

November 28, 2017

IOTA Data Marketplace

The IOTA Foundation is thrilled to introduce an ambitious project that has been in the making since 2015. The Data Marketplace is IOTA’s most comprehensive pilot study thus far. The goal is to enable a truly decentralized data marketplace to open up the data silos that currently keep data...

From: David Sønstebø

November 25, 2017

Flash Channels Competition & Statistics

Last month we released the Flash Channels demo and more recently the specialised Micro-payments demo. These demos showcased instant streaming of IOTA tokens in a secure, off-tangle state channels. This technology enables special use cases of IOTA which require sub-second token exchanges among...

From: Lewis Freiberg

November 24, 2017

Welcome Tsvi Sabo to the IOTA Foundation

Tsvi Sabo has several years as a software developer, most recently at Ericsson VSPP as cloud-storage developer and a few years as a statistical analyst in a consulting company.With curiosity for technology and mathematics he is constantly seeking to learn more about anything pertaining to these...

From: David Sønstebø

November 23, 2017

IOTA Foundation hires CYBERCRYPT

Ensuring SecuritySecurity is paramount for our epoch of technological omnipresence where autonomous devices and machinery communicate ceaselessly and influence virtually every aspect of our society. The vast majority of devices that permeate this landscape are small sensors and actuators that...

From: David Sønstebø

November 22, 2017

Welcome John Licciardello to the IOTA Foundation

John Licciardello has built a career focused on financial innovation. Following his undergraduate degree, John moved to Mexico City where he played a key role in an early stage financial technology startup. The venture developed and brought to market an innovative and patented product to empower...

From: David Sønstebø

November 19, 2017

Welcome Gal Rogozinski to the IOTA Foundation

Gal Rogozinski grew fond of technologies ever since he was a little boy. Largely thanks to his father who took him to his office to marvel at the state-of-the art machinery of the present time. The father nurtured Gal’s technological aptitude with educational electronic and robotic kits that...

From: David Sønstebø

November 13, 2017

IOTA Foundation

We are thrilled to announce the official launch of the IOTA Foundation as a registered not-for-profit entity (“gemeinnützige Stiftung”) under German law. After more than a year of painstaking preparatory work, the Foundation was officially incorporated in Berlin on November 3rd by signature...

From: David Sønstebø

November 09, 2017

GUI Wallet: Phase Two of the Reclaim process

Two weeks ago we released an update to our GUI wallet so that users could begin with the reclaim process. The reclaim process was necessary for all users whose tokens were moved to an IOTA Foundation owned address as part of precautionary measures.Today, we are releasing a new wallet containing...

From: Dominik Schiener

November 06, 2017

IOTA Simulations: First Preview to the Community

Over the last few months the IOTA Team has been working on a computer simulation framework of the Tangle. The intention of this simulation framework is to first and foremost, generate and examine different Tangle environments under different conditions. These simulations help us to further...

From: Bartosz Kuśmierz

November 04, 2017

Introducing Masked Authenticated Messaging

IOTA is the first distributed ledger architecture that has no transaction fees and is built for ecosystems such as the Internet of Things or Web 3.0; enabling a future in which devices can securely communicate with and autonomously compensate each other.At its core, IOTA uses a gossip protocol...

From: Paul Handy