Hi dear readers,
It has been long time for me to write down on a technical topic seriously.
Days ago, I found myself dealing with IOTA deeply then decided to share my know-how and experience through my blog for the interested people who would like to search IOTA on web and visit my pages.
There is also a funny coincidence that IOTA has been making its show on the stage for last a few days and I was recommending my friends to invest on IOTA coin when it jumped over 1 USD. I saw it was around 5.50 USD yesterday and awaiting it to increase more and more in the future (sure there will be waves).
Please see one of the funny reactions in Twitter :
See the show below as well. The mouse pointer was intensionally located where its value was lower than 1 USD – on just 27th of November.
The question is “What is IOTA ?” or “Why specifically I am writing on IOTA when there are more than 1300 types of cryptocurrencies (say altcoins) as of today ? ”
The reasons can be found through following IOTA home page but no worries I am here for you dear lazies. I have read and experienced most of it with extensions for you..
Let’s start with “Why IOTA differs from all others including Bitcoin ?”
Briefly – if you would not like to go deep technically – first thing you need to know is IOTA has a completely different infrastructure and background in comparison to Bitcoin as well as other altcoins. It is the cryptocurrency designed for Internet of Things (IOT) and relies on Machine to Machine (M2M) communication between connected devices. If you have not heard “Industry 4.0” yet, I strongly recommend you to search it on Google in order to understand the importance of IOT and why the IOTA can be the most important cryptocurrency in the future as it is dependent to those underlying technologies.
In mathematical point of view, IOTA is based on “the Tangle” which is a directed acyclic graph (DAG) for storing transactions and relies on Markov Chain Monte Carlo (MCMC) algorithms. You don’t need to understand mathematical background of the Tangle but you may would like to know that; when all other cryptocurrencies are being structured as a sequential chain where blocks are added in regular intervals, the Tangle is based on a DAG (Directed Acyclic Graph) and it is a technology with no “Blocks” and no “Chains”.. That’s the main reason why some are asking like “How we can say IOTA is a blockchain cryptocurrency ?” or commenting like “IOTA is blockchain v2”.
That said; IOTA offers “no transaction fees on transactions” when the technology underlying for other cryptocurrencies can not get rid off transaction fees which means it will always be dependent to normal/real currencies. So, IOTA also offers people the imagined world where there is no physical money. Moreover, the Tangle is expected to provide more secure and faster transactions as well as shorten the confirmation times and transaction finality. It is also more resistant to quantum computations which was thought to be the end of cryptocurrencies.
I can not stop myself to warn people who would like to invest on IOTA as well. Please notice that the IOTA is still under development and trying to come over the similar challenges and obstacles like Bitcoin achieved to survive in the past. There are some cases where I have seen that some people lost their IOTA coins in their wallets. So, even though I am trying to contribute to IOTA project on github as a volunteer, I still keep my IOTA coins in the exchange markets (I don’t know which is safer :))
If you now understood why IOTA is different and would like to try investing on it then fasten your seat belts ! The next topic is “All about IOTA : 2- How to buy IOTA coins ?” (If you haven’t done already)
Belki de hep oyleydi
Ve ben acinin verdigi farkindaliktayim simdi
Belki de hic oyle degildi
Ve ben yoklugunun bir acisi olsun istemekteyim
I could not stop myself to buy and trade some bitcoins.
I would like to highly recommend a safe Bitcoin site for beginners : cex.io
Duygularım ve fikirlerim gibi
Mayası toprak olan insanın
Çiçek açtığını, filizlendiğini
Mis kokulu meyveler verdiğini düşlerdim..
Hamuru çamur olan insanın
Ne mümkün ayağa bulaşmadan fayda vermesi..
Defalarca tırnak geçmiş şu tenha duvarlar var ya karşımda
Yosun tutmuş, nemli ve için gibi kapkara
Baktıkça sabahı hatırlarım, yarın sabahı..
Sesin çarpar duvarlara, kulaklarımda senin ve annemin ahı
Giderken cebimde olsun dedim kırılan kalem
Birkaç not vermek isterdim sana
Gidiyorum ki madem
Başka isteğim olmadı
Tek kelime etmediler..
Solum ağrıyor giderayak
İade edilmemiş itibarlar yakıyor canımı..
Deniz’e ağla sevdiğim
Yusuf’u haykır annem
Hüseyin’e ağıt bana kalsın
Kaçıncı filo limandaki
Sayısı belli değil..
Fevkalade huzurludur yolculuk
Yosunlara yapışan, karanlığa yaraşan..
İçim, için için şafağa koşan bir çocuk
Kavgalara karışan, hayalinle yatışan..
Benden sonra, beni bensiz yaşa..
Kıştayız sevdiğim geçecek
Yazın açacak tohum bıraktım ben sana
Filizlenir yaşadıklarım korkma
Yine topraktan açmaz mı ölen çiçek bir daha ?
Fikir üstüdür bastığın toprak
Acıyla değil, umutla düşüyor bir daha yaprak
Atana, kefensiz yatana ve herşey uğruna
Feda olsun, ben ölmem boşu boşuna..
Zorla ayakta kalmaya calisiyoruz dunyalı,
Ideolojiler giydirmisler bedenimize
Zirhini cikaran vurulup dusuyor..
Bagisla beni dunyali
Ne garip seyler yedigin izm’ler;
Kapitalizm, Sosyalizm, Humanizm, Digerizm
Sana dunyali diyorum alinma
Insanlik sana kim bilir kac isik yili uzakta..
Kendini bulmak en karmasik labirent
Kendini bulan en buyuk serbulent
Ve aglar insan her durakta
Aglayalim biraz rahat birak da..
Dunyali, sana soylenen yalanlar;
Gelenegi yavasca yere, fikirleri kendince kendine birak
Birak dussunler, birak dus, birak..
Gozlerine bakamam dunyali,
Seni alip goturmek isterdim uzak yollara
Sozlerini duyamam dunyali
Ben uzaktayim, biraktim kendimi izm’siz diyarlara..
Kac fahrenheit, kac celcius ?
Ne önemi varsa demiş Socrates;
Ve ne dinletmiş ağız tadıyla Cemal’i
Ne seyretmiş layıkıyla Monet’i..
Varsa yoksa karşı demokrasiye
Ne varsa vermiş veriştirmiş karıncayiyen Salvador Dali’ye..