IOTA (MIOTA) has announced that it is working on nearly 20 projects that will be compelling use cases once fully revealed.
While blockchain aficionados have complained that the IOTA team likes to hide information about its latest development, the team has disclosed some projects, but they are still not specific about when the projects will come into the spotlight and how detailed the projects will be .
Once the projects are fully revealed, they will push for wide acceptance from IOTA.
The projects
Qubic: Qubic was the talk of the town. The project is known as the protocol that specifies the IOTA solution for quorum-based computations, including constructs such as oracle machines, outsourced computations, and smart contracts.
Qubic has smart computing potential. This will make IOTA compete with Ethereum. Many complain that it has poor scalability and high transaction fees.
IOTA’s Qubic has the chance to overwrite the platform with outstanding features. According to analysts, Qubic will be more rewarding and dynamic compared to Ethereum.
I have +: it seems that MAM is sometimes already on hold, but IOTA doesn’t seem to give up on this idea at all.
Although MaM is currently under peer review, it is believed to be a second-tier data communication protocol that provides room for access to an encrypted data stream such as RSS over the Tangle (IOTA’s distributed ledger), regardless of the size or cost of the Device.
Coordicide: Analysis, modeling and simulations for coo-less IOTA.
Autopeering: Understand the risks associated with automatic peer discovery and easy-to-use alternatives.
Economic incentives: Understand how the Tangle works on a scale from a game theory point of view.
Consensus specification: A detailed specification of the consensus mechanism, which builds on the main features of the whitepaper and is intended for peer review.
Crypto specification: A detailed specification of the cryptography in IOTA, which is also intended for peer review.
Attack analysis: Thorough simulation and analysis of known network attack vectors.
Exchange Hub: Formerly known as the IXI Hub; enables exchanges to integrate IOTA in days or weeks instead of months (already in the closed beta with several exchanges!)
IRI: Ongoing maintenance and improvements to the de facto IOTA node software.
Coo-free IRI: Rebuilding IRI to enable alternative consensus mechanisms.
Local snapshots and permanodes: Enable node operators to manage or dispose of Tangle history at their own discretion.
C customer: Preparation for deep dives in embedded devices.
iota.js: Out with iota.lib.js, in with iota.js; fully modularized for npm and fully typed for security.
Tanglescope: Gain deeper insight into Tangle’s performance and metrics through monitoring.
IOTA Controlled Agent: A prototype; Early stage implementation of economic clustering and swarm logic.
Trinary hash function: The replacement for Curl-P, which was built by world-famous cryptographers and optimized for the IoT.
Protocol conclusion: Under IoT, the IOTA protocol cannot simply be changed for devices that are in the wild.
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