IOTAIOTA InfosheetInfosheet //// BlockchainBlockchain 3.03.0

Abstract Technical Details Proof of Concepts Comparison to

IOTA is an innovative new Genesis: 2014 Electronic devices within industrial processes, IOTA should not be considered an alternative technology to function as the sensors and infrastructural systems as well as Total amount: 2,779,530,283,277,761 coin (altcoin) to existing backbone of the „Internet of domestic-appliances will be connected with a such as , rather it is an Things“. Premine: No premine diverse number of networks in the near future. extension of the growing With development starting in Mining: No mining necessary (Tangle) ecosystem. It’s meant to work in synergy with 2014, it is the only Blockchain-like Adaptive lighting-systems in street lights, these other platforms to form cohesion and of his kind, that is able to function Mainnet online since: July 11th, 2016 households or industrial complexes could be helpful symbiotic relationships. The underlying as the lightweight distributed to reduce wastage. Sensoring of air-pollution, Underlying technology: Tangle (DAG) technology: the Tangle, is not comparable to with no transaction fees. earthquake-monitoring or avalanche-prevention are existing Blockchains at all. Traditional Blockchains rely on Field of application: , M2M, just a few exemplary use cases for an IOTA-based It is based on a DAG (Directed acyclic graph). miners, so to say computing- system. Nanopayments, Data integrity, Sensorics power-farmers that boost This revolutionary new blockless distributed transactions through a Outstanding Features: ledger which is scalable, lightweight and for synchronized peer to peer  Open source the first time ever makes it possible to transfer network and mine small parts of value without any fees. Contrary to today’s the currencies with processor-  IOTA is the only platform with a ZERO-fee Blockchains, a consensus is no longer power. IOTA does not need directive decoupled but instead an intrinsic part of the mining. system, leading to decentralized and self-  Scalable, flexible and no blocks regulating peer-to-peer network. These traditional Blockchains of The upcoming challenges demand a rethinking on a the first and second generation  Empty transactions can be sent global scale as problems and their solutions will be The Tangle demands no mining, is blockless are using transactions-fees to all part of the Internet 4.0. This economic directive and contrarily to Blockchains, gets faster the prevent peers from spamming the  Quantum secure because it uses hash-based needs a practical solution which has yet to be bigger it grows. network. Winternitz signatures integrated to secure the IoT. That is because the field of application often lies in financial  Backed by the IOTA Foundation, a committee As a result of its genuine architecture, the Tangle is systems to replace the currency formed by leading experts in the field the best solution to establish data integrity and -like Bitcoin. transaction- resistance to quanting computing in the future where fees are at approx. 7 cent per  GUI wallet, sandbox and testnet available DDoS-attacks belong to the past. transaction (Dec-2016).  Worldwide accessible because tokens are IOTA with its revolutionary Tangle fits perfectly to It is quite evident, that Bitcoin and saved within the Tangle. User just need their solve these technical challenges. nearly all other cryptocurrencies secret, unique seed weren’t made to function as the To draw a conclusion: IOTA is the logical choice for network of the IoT. Considering  ICO-Invest.: 1337 BTC (aprox. 0.5 mil. US-$) secure -payments and M2M on a global scale. hundreds of thousands of nano- payments each day in the near future, these Blockchains would generate an enormous amount of The Tangle fees, just for conducting transactions, while costs of these Instead of a global Blockchain, there is a DAG (directed acyclic graph) that nano-payments oftentimes we call Tangle. The transactions issued by nodes constitute the site set of the undermatch the fees. Tangle (i.e., the Tangle graph is the ledger for storing transactions).

IOTA is designed to provide one More specifically, to issue a transaction, a node does the following: solution that no other crypto does:  efficient, secure, lightweight, real First, it chooses two other transactions to approve (in general, these two time micro-transactions without transactions may coincide), according to an algorithm.  fees. It checks if the two transactions are not conflicting and do not approve conflicting transactions.  For the transaction to be valid, the node must solve a cryptographic puzzle, Founder & Foundation similar to those used in Hashcash

• David Sønstebø As more nodes and devices will become a part of the Tangle, the network • Dominik Schiener grows faster and more stable. • Sergey Ivancheglo • Serguei Popov • Per Lind • Carsten Stöcker • Gideon Samid History of IOTA

Contact Stage 1 (Completed July 2016) Stage 2 (Ongoing) Stage 3 (Approx. 2017)

 The first stage is all about the IOTA core  Focus on extending IOTA’s utillity and opening new realms of  Development of a brand new microprocessor utilizing a

opportunity for all parties involved completely new type of architecture with heavy emphasis on Slack: https://slack.iotatoken.com  Main-network goes live solving emerging problems in computation and specifically IoT = Email: [email protected]  Getting developers JINN Website: www.iotatoken.com  Establishing the IOTA Foundation made by: @ limo  Completing and testing IOTA before  Enable the processors „Curl hasher“ to perform thousands of  Completing some partnerships listing at exchanges transactions per second for the IoT