Hello guys here i m with one more article with the latest article over new storm in the market IOTA........
As u guys must have noticed IOTA almost went up 100% in last couple of days and everyone has questionmark one thr faces what is IOTA so here i m with article on mail features of IOTA currency :)

3 reasons why is IOTA revolucionary

• Zero transaction costs

• Potential for indefinite scalability

• Offline transactions

Tangle, the core innovation of IOTA

IOTA is often consider as an alternative coin (altcoin), but the truth is that IOTA is not just an altcoin, it is an extension of blockchain ecosystem. IOTA goes beyond blockchain. IOTA is based on Tangle instead of blockchain.

Tangle vs. Blockchain

What is Tangle? With simple words we would say, that Tangle retain the blockchain features of the distributed ledger and secure transactions, but does not work with blocks. Instead of blocks (regular blockchain), Tangle uses the form of a Directed Acyclic Graph (DAG).

Raw Tangle illustration from David Sonstebo

Directed Acyclix Graph (DAG)

Why is DAG better than blockchain? Because DAG technology enables various features like zero-cost transactions, infinite scalability or offline transactions that blockchain simply cannot do and will neither probably be developed to do.

A traditional blockchain technology works like this:

Various transactions are bundled in each block and after that they can be verified by miners. That means that with increase of transaction there will be more job for miners. What we experienced so far with Bitcoin (and Etherium as well), that also means increase of transaction fees.

A Tangle works like this:

In the Tangle, each transaction forms a new block and it is verified by itself. To be able proceed this verification it has to first verify two randomly chosen transactions in the network.

IOTA’s architecture is inherently decentralized on a level that no blockchain can match, due to the fact that users and validators are one and the same in Tangle.

Almost like perpetum-mobile, right? Of course there is a cost of every transaction, but the cost is “to verify other transactions”. The idea behind is very clear: IOTA creates self-sustainable economy that is based on demand. That's why we talk that Tangle run with zero-cost transactions.

This model has one more benefit. There is no limit for scaling. The problem that we face right now with cryptocurrencies (based on blockchain) is scalability. The IOTA network could become indefinitely scalable with zero cost because every new transaction verifies two new transactions in the network. One more and more people join and send transaction, IOTA will grow and scale smoothly. A Tangle brings solution for scalability with zero cost, that is revolutionary!

From the Internet of Things to Internet of Everything

Internet of Things is spreading like crazy. Almost every week we can see start-ups introducing a new SmartSomething. This is 4 th Industrial revolution, where technology takes a lead. The big step in our evolution is hidden in technology, indeed.

In following years there will be a huge development in SmartTransport (not just SmartCars), SmartHomes, SmartFinance, SmartPlants, etc. And this is just the beginning.

SmartEverything goes beyond Internet of Things

Internet of Things (IoT) is not just a buzzword. It will revolutionize our life on this planet, no doubt. The challenge is not in development the smart devices or machines, but in communication level. Once we solve that, there will be a huge step forward.

Imagine the whole world with ability to communicate. As far we were considering smart things as a devices that interconnect human communications. But we need a different perspective. There will be soon more machines than humans! We need to be able to speak with machines and we need to provide a network for machines to communicate with another machines (devices).

We aren’t talking just about Internet of Things (IoT), now we are talking about Internet of Everything (IoE).

IOTA creates an environment for IoE

Now, IOTA is coming! IOTA Foundation create an environment for Internet of Everything (IoE). The IOTA platform can be presented as a bridge via systems can connect, communicate and evolve.

The interconnectivity is the key for our new economy. With interconnectivity comes incredible huge amount of data that devices send and receive every seconds.

To take full benefit from the IoT and IoE we have to find a way how to connect the billions of cyber-physical systems together. The network we set up has to gain our trust.

Human kind is nowadays dependant on Internet. Can you imagine what will happen if the Internet goes down. Even just for one day or one hour. The future of fully operational status of our society and economy lies in the 24 hour-stable communication (interconnection). The Internet is by far the most efficient medium but we can’t afford to use just that. The consequences of depending on one single channel would be catastrophic. IOTA developed a protocol on which the machines can communicate via other channels, such as Bluetooth, Z-wave, ZigBee or LoRa. The future of connectivity might lie beyond the Internet itself.

IoE: Sensors as an example

The market of IoE rapidly increasing. Let's talk about sensors, the area of market that you might not heard about yet, but will have significant impact on our economy and social life.

The number of sensors especially due to demand in SmartHomes and SmartCities is growing like crazy. Sending and receiving data is just the beginning of the chain. There is no doubt we will need more computational power. The big data in our new economy needs to be analyzed first and reported as soon as possible. Cloud storage nowadays cannot provide us real-time results that we require. We need smart sensors, that have computational ability itself and are able to work with other stations as well. Instead of Cloud computing we talk about Fog computing and Mist computing. Find the difference in an easy explanation.

There will be billions of sensors by the 2025. Data won't be shared freely and that is a potential for cooperation among companies and individuals. IOTA will provide the platform for exchange (data for money).

Just imagine that once you gather some data, you can sell them, as well as you can sell your free storage. Selling it means to get compensation with IOTA currency. There won't be just distributed computing, data and storage, but also distributed brandwith and energy. The future of Internet of Everything is coming. But untill it reaches our everyday life, we need to do some changes starting on recognition of smart devices.

Identity of Things (IDoT)

To make IoT ecosystem secure, we need to think about machines and devices differently, not just as a metal things without life. We need to consider each device as its own identity.

Why?

Because the identity carries some attributes and we cannot securely and efficiently work with IoT without knowing more.

One of the biggest challenge for IoT will be the maintenance. Creation is hard process, but to maintain IoT (means also keep them resilient) is a long-term task, that cannot be undervalued. Look at any software and application that you use on PC or smartphone. How many times did you update it? Maintenance is a new angle of re-creation process.

So far we use one unique identifier for devices, but that is not enough to satisfy our future needs — secure status and smooth long term usage.

Identity of Things (IDoT) will become a new standard. The question is when it will happen. To give you an idea, we need to create IoT with some specific attributes, such as:

^ who manufactured it
^ when it was deployed
^ what is the expected life time cycle
^ who owns it
^ what data is it gathering

For deeper understanding I recommend you to read IOTA development roadmap.
The biggest chalenge for society 2.0

With growing number of smart devices, there will be more data traffic. Data means informations and informations are money (or power, if you prefer). All the IoT (IoE) communication must be encrypted. One of the IOTA modul is called Masked Authenticated Messaging and its job is to secure and encrypt entire data stream. Only authorized parties will be able to read and reconstruct the stream. Encrypting the data streaming is the whole area that needs to be developed with a new way of approach.

Far by most important is security. As our society technologically grow, we became dependant on software and hardware. We become more vulnerable to software or hardware malfunction or hacker's attacks. The future will take place even more in cyberspace, so security should be our first priority when we aiming for a tech change.

Quantum computation and mechanics cause headaches to security engineers, because in the coming decades we can see very real possibility of scalable quantum computers. This will disrupt most of cryptographic protocols used today. So in another words, our world can become insecure with quantum computers. If you want to go more in depth, have a look on article How secure will our data be in the post-quantum era?

No-one can be ready for this cybersecurity challenge, but IOTA is very proactive in solving solution. It deploys 2 separate mechanisms to safe-guard against quantum threats. You can read about security issues in the Tagle whitepaper.
All in one solution is replaced by layers and eXtension Interface

The approach for developing IOTA is not to build all in one universal solution, but instead design and engineering core simple principles (they call it often underlaying edger protocol) and then extend its utility through the IOTA eXtension Interface (IXI). The advantage is that anyone can build IXI for their own needs, it is fast and very flexible solution to speed up development. IXI modules are the reason why IOTA will stay lightweight and optimized.
History of IOTA

We heard about IOTA first in 2014 when a small team developed a brand new type of microprocessor for IoT and distributed computing. The persistent problem in deeper development was lack of a clear incentive for interoperability. It was crucial.

Machine 2 machine economy is and will be based on micro-transaction. It is getting better but even today we still face prohibitive fees, inflexibility and perpetual problems with scalability in blockchain development.

IOTA was born as an idea to create a compensation layer that will act as the building blocks of the Economy of Things where machines can trade resources effectively and securely on-demand.

IOTA main network went live on 11th July. The protocol and data transfer on the distributed and decentralized Tangle has been launched.

The first stage: IOTA core live, establishing the IOTA Foundation, moving the community’s chat over to Slack, completing some partnerships, IOTA on exchange market, spreading into the world

The second stage: extending IOTA’s utillity, open IOTA to anyone that want to build on top of the IOTA network

The third stage: development of hardware (project's name is Jinn project), a brand new type of microprocessor for IoT, a hardware implementation hasher for IOTA’s ‘Curl hash function’

Core founding IOTA Team

Sonstebo
Sergey Ivancheglo
Serguei Popov
Dominik Schiener

Ecosyste

To start an open source project is not hard, but to grow it is incredibly difficult. The successful open source project need a great ecosystem surrounding it. The reason for it is simple. Ecosystem will deliver long term sustainability.

IOTA in 2018

IOTA already proceed till the end of 2017 over 100 million successful transactions. Just to remind you, IOTA is the world’s first digital settlement system without any fees.

Even though IOTA has been already launched, the year 2017 will be the first year when big changes start occurring. There are lots of projects that are in developing mode (since 2015) and will be reviled and launch soon.

The number one IOTA priority of 2018 is to make the IOTA platform developer inviting and friendly. Thanks to active core team and collaboration with the community the IOTA Lightwallet went live, Mobile wallet for Android has been released and dedicated hub for tutorials around IOTA is growing (client libraries in Javascript, Python, C#, Java and Go).

What is IOTA Sandbox and why is it so important?

The IOTA Sandbox is here for developers and provides them tools, utilities and environment for “just code”. They don't need to download anything, setting up their PC or app, they are not disturb, they can just code. The Sandbox is important because IOTA is open source, so anyone can participate on development. IOTA needs more developers who build core and apps to grow the ecosystem and make it world-wide.

Do you want to participate? Learn IOTA.

IOTA Foundation is responsible for developing and maintaining the core open source protocol IOTA. It is registered in Germany as an official non-profit Stiftung.
Real examples of IOTA use

There are many M2M examples but if you are looking for one that is tightly connected to your life right now, check this one.

The internet connection is provided (sold to you) by telecommunication companies and set it up in your house. You usually need to call the company, sign a contract and pay monthly fee. Can you imagine that you don't need to pay monthly fee for the Internet connection/data and you don't need to buy any credit upfront. In the future where IOTA takes place, your device will get connected to the Internet and it will brandwith data real-time as you browse the Internet.

Wouldn't be this cool? Our devices will solve one more problem for us. IOTA is a bridge and more than one middleman will loose his job.

Well Guys here i end my article i hope u guys like it follow vote and resteem please if u like any....Any specifir thing or doubt u can clear in the comment section....Thank u :)