On the way to decentralization

No special rights, decision-making powers or manipulations, no central point of attack, complete transparency for all participants: decentralization is probably the greatest achievement of crypto technology – and at the same time the greatest challenge. If networks are left to their own devices, they must be sufficiently robust – i.e. safe from attacks. A sensitive topic in the Internet of Things flagship project IOTA, which still relies on the services of the coordinator, a central control module of the IOTA Foundation, for security. As early as 2018, the team around co-founder Dominik Schiener announced the “Coordicide” project: the deactivation of the coordinator, the beginning of a decentralized IOTA 2.0. After the project moved further and further back in the roadmap, which was updated several times, and the priorities seemed to have shifted in favor of many side projects, the external perception of Coordicide was already on the brink. Slowly but surely, however, the green light is emerging for the long-awaited update that could put IOTA back on the map in IoT development.

IOTA: This is how the blockchain works

Getting up when your sleep tracker rings, eating what the supermarket fridge orders for breakfast, going to work on autopilot and letting your day slip away in the Metaverse: The Internet of Things blurs the line between science fiction and reality. Everything is becoming “smart”, the world is growing together in mobile phone format. As one of the first crypto projects, IOTA has specialized in making machines independent. With an infrastructure optimized for the exchange of data and microtransactions.