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      "body": "IOTA’s secrets and the big “Q“\nIt is doubtless that in recent weeks more and more speculations have flared over when IOTA’s mysterious project “Q” is finally released. This speculation was certainly fueled by members of the IOTA Foundation itself.\n\n“Q”? What is that anyway. At this point I do not want to repeat the same things that you can find in detail about a search on the net. But for those who are new to IOTA, or have not been concerned with speculation about “Q”, here is a very good link that summarizes the basics.\n\nhttps://steemkr.com/iota/@chkoenig/german-deutsch-iota-q-was-koennte-es-sein-preisentwicklung\n\nFor those who want to read it directly, I have translated this German text as an attachment in English.\n\nAs already mentioned, these rumors were accelerated by statements from IOTA members. For example David Sonstebo repeatedly mentioned:: “Q is one oft he biggest, if not the biggest things to occur to IOTA project.“\n\n\nPost of the IOTA Founder\nand that “Q“ is coming in Q1 2018.\n\n\nAll this has led the IOTA community to believe that “Q” has something of a world-changing dimension, and that the IOTA course will rise very very high. “To da moon”, is a synonym of it.\n\n\nRegarding IOTA’s courses, after the hype last year, the opposite is true. The courses fall in the wake of Bitcoin. Also, no major announcements have been made so far this year. One exception, and this is not to be underestimated, is the partnership with Bosch and Volkswagen. This was celebrated in a huge way at the Bosch Connected World 2018. Especially the strong partner Bosch, who is involved in the Internet of Things globally, can have unforeseen effects on IOTA and the way to a global protocol.\n\nCurrently, it can be said that both the developers of IOTA, as well as the founders, work very hard on the coming things that give IOTA before other cryptocurrencies unique features. This would be the starting point for IOTA as the global standard protocol, not only for use in the Internet of Things.\n\nEvery little development that makes IOTA stand out from other cryptocurrencies is really big. In addition to the smaller things and away from “Q” but other things are noteworthy:\n\nPartnership with big companies (The big deal — a secret). I wrote about it in my last article: https://medium.com/@markusgebhardt_15738/iota-for-beginners-61f96835082d\nPartnerships with cities, in the health sector, in the energy sector\nThe IOTA Marketplace\nThe IOTA Ecosystem\nIOTA Controlled Agency (ICT)\nOther stock exchanges and trading opportunities\nIOTA is currently paving the way for a great future and can set global standards.\n\nAs always, I would be really happy about donations. These donations are for our project “public IOTA”\n\nRBVOQBWIXFCDODUGZXVEUNVLAILWLJAZHIDJDHPKKTSAGOWTVEDFLCZTCXOIVVILUICINYKCZOZXHUKSYGSSNPLKUX\n\nDISCLAIMER: I am not part of the IOTA Foundation or linked in any other way. Views are my own. You should do your own research before making investments, especially with regard to crypto currencies\n\nAttachment:\nThere is a lot of speculation about IOTA’s mysterious Project Q, which is said to overtake even Bitcoin Cash, which would equal a market capitalization of over $ 40 billion, according to the developers. “What can be so revolutionary?”, I asked myself and went on the search.\n\nSpeculation about “Q”\n\n1. A new programming language?\n\nThe first hint I found was a new programming language called Q # from Microsoft. This is a quantum programming language. Thus, without becoming too technical, quantum objects or their state can be programmed. Anyone who has taken care in physics may still know the double-slit experiment. In light, it is u.a. also about quantum objects. These objects behave differently when one knows or measures their condition.\n\nIn my opinion, “Q” is not about the use of the new programming language. This is not unlikely, but it would not be as revolutionary as IOTA has touted.\n\n2nd quantum computer / Qualcomm\n\nAnother theory is the use of quantum computers for IOTA. One of the major manufacturers of processors is called Qualcomm. Both begin with Q, but I have also quickly rejected this approach after a short research, because quantum computers are still in the very early stages of development and it will take several years until my research can really be used.\n\n3. Qubic\n\nIn my opinion, this is by far the most likely explanation of “Q” by far. But what is Qubic? For this you have to know the story before the founding of IOTA. For me, these were all new, but extremely interesting findings that have shown me that IOTA has greater potential than previously thought.\n\nThe story of IOTA\n\nIt started in 2012 with the developer Sergey Ivancheglo aka Come-from-Beyond (short: CfB). This started the project Qubic at that time (original article on bitcointalk in English).\n\nIn short, Qubic is something like Bitcoin, but without Blockchain, but with a different technology. This technology does not have the disadvantages of blockchain technology, such as the need to store state transitions and transfer large amounts of data. She also specializes in JINN-based IoT devices. Sounds suspiciously similar to what IOTA is today, with one exception, the JINN-based IoT devices. In 2014, there was the last news about Qubic on bitcointalk, because he had to wait for the already mentioned JINN processors:\n\nAfter announcing the first JINN processors, the last update came to Qubic:\n\nThis was at the end of 2014 with the statement: Qubic should be published in about 4 years or a little earlier, which would be perfectly in line with 2018.\n\nBy the way, Sergey or CfB is one of the key people of IOTA today.\n\nWhat is JINN now?\n\nAnd here it gets really interesting. JINN is a processor, but it does not work with the binary system, but with the ternary system. Binary computers work only with zeroes and ones, a ternary computer (wiki) has another state: -1. This is much more effective, but more complicated to implement, which is why binary computers have prevailed at that time — power on: 1, power off: 0.\n\nIn July 2015, the first prototypes of the JINN processors were sent in for testing, which should take 3 months.\n\nExactly three months later in October 2015, IOTA was announced.\n\nWhat is so special about JINN and Qubic now?\n\nAt the moment, every computer that wants to send a transaction on the IOTA Tangle has to confirm two more transactions in advance, which requires computing power (= proof of work).\n\nWith JINN, this can be done on any device without a computer turned on! This allows any car, cell phone, refrigerator or any other device to send transactions through the Tangle, as it can now perform the required proof of work itself!\n\nWho is behind JINN?\n\nAssuming that IOTA becomes the backbone of IoT and builds on JINN, every IoT device requires such a JINN processor. For this, a big player must be brought on board to handle this. And this could already have happened to Bosch (beware highly speculative!). They have already invested in IOTA and there are rumors of a $ 1.1 billion new chip factory where the JINN processors could be mass produced.",
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      "body": "![](https://steemitimages.com/DQmZRFAWXJ3TBa9qoW6gnVdnX7GMfDbrnKvAwySHgx7vfmq/image.png)\n\nIf you follow technology or financial trends, chances are you’re now at least somewhat acquainted with the “cryptocurrency” leader known as Bitcoin. Recently, you’ve probably also come across varying opinions about its future use and whether or not it’s just a colossal bubble nearly ready to burst.\n\nThe cryptocurrency industry is undeniably dramatic. I’ve witnessed the price of alternative cryptocurrencies or “altcoins” drop 80% in a matter of minutes and then recover almost immediately. Without question, this industry has turned into a circus of speculation, ripe with temptations for day traders.\n\nIt’s easy for cautious individuals to assess the massive clouds of hype surrounding Bitcoin, altcoins, etc. and conclude - “Oh, all those cryptocurrencies are highly speculative investments, and I’m not interested in playing this game!”\n\nThat’s fine - but I would strongly encourage you to step away from the alluring “price action” for a moment. \n\nForget the money and forget any “get rich quick” plugs you may have come across online or heard from excited crypto evangelists. Take a breath of fresh air ... and consider a different angle behind the distributed ledger technology that Bitcoin has introduced to the world.\n\nWhat if Cryptocurrency can Help Bring \"Futuristic\" Concepts to Life?\n\nTry to imagine a greater purpose behind the electronic exchange of value on a global scale. What if a cryptocurrency was capable of transferring payments quickly, securely, and without any fees? Better yet, what if this cryptocurrency could issue “micro-payments” - say tiny transactions of $0.001 every hour or even every minute?\n\nA group of developers and visionaries are gradually starting to capture the attention of billion dollar companies and demonstrate the potential of this very currency. It is known as IOTA.\n\nIOTA was created to serve as the missing link for future Internet of Things (IoT) concepts and applications. By “IoT,” I’m talking about real IoT applications in a truly connected world - not just some cylinder on a coffee table that can interpret “Alexa, play Moonlight Sonata” and begin enchanting your evening with Beethoven.\n\nReal IoT applications involve futuristic technology and a complex machine economy. Although the full integration of IoT in our lifestyle may sound like a fool’s dream that couldn’t possibly come to fruition for another 100 years - hold on! These IoT concepts are exciting, practical - and perhaps best of all - they may not take nearly as long to develop as you may be expecting.\n\nWhat Could the IoT in the Future Look Like?\n\nIn a true machine economy, devices will constantly be talking to each other, sharing data and resources. IOTA can be used to securely share data and ensure that proper payment is received in return - and, perhaps most importantly, it can accomplish all this without charging users ANY transaction fees (which we’ll investigate in more detail later).\n\nFor example, EV’s (electronic vehicles) and autonomous vehicles have created plenty of buzz over the past few years. Many automobile manufacturers are expected to release the first functioning models of autonomous vehicles on the road by 2020. The process of refining the technology and encouraging wide adoption of autonomous vehicles is likely at least a decade or two away, but IoT integration could eventually change everything we’ve come to expect about cars and cities.\n\nImagine that your vehicle is an entity capable of storing large amounts of data, thinking for itself, communicating with other devices, and conducting transactions on your behalf. That’s a lot of power - maybe more than you’re comfortable with right now - but think of the possibilities!\n\nYour vehicle can determine when its battery is low, drive itself to a charging station, and use an electronic currency, like IOTA, to instantly pay for the energy. It can drive into parking structures, cross tollways, park near “smart” meters and make immediate payments. No more congested traffic from people swiping credit cards and depositing coins - your vehicle’s IOTA account just took care of all of that for you.\n\n![](https://steemitimages.com/DQmSzzfojT2z5z6m5ijHEKR2MWpe86FsJjQDeiNcvHen7Lo/image.png)\n\nLong-term IoT “use cases” expand far beyond transportation, so if autonomous vehicles and connected cities don’t necessarily excite you, start thinking about appliances in your home. For example, how about a “Smart” fridge?\n\nPicture this - it’s absolutely freezing outside on a winter morning, and you just ran out of crucial consumables, like milk, eggs, or (heaven forbid) your favorite “wake-me-up” cold brew. No worries at all - you don’t need to wander out into that miserable, frigid weather! Your refrigerator just detected that your inventory was depleted, automatically searched for and selected the nearest store, placed an order and paid for it using IOTA. A drone or delivery vehicle will be arriving to your house shortly to replenish your fridge.\n\nI’ll concede that these IoT examples may seem far-fetched at first. A significant reason these concepts are often dismissed as “next-century” technology is because they require true, fee-less (or “zero fee”) transactions for businesses to feasibly build and invest in them.\n\nWhy is a Zero Fee Transaction System so Important for IoT?\n\nWe currently live and operate in a world with transaction fees. Those fees are everywhere - whether it’s merchants accepting credit cards, e-commerce shops receiving Paypal, or even consumer-to-consumer exchanges of other cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum.\n\nFees may be readily used and anticipated in the existing business world - but how do they stack up against transactions with IoT applications? What if a device only needs to pay $0.002 for an extremely minor data or energy transfer?\n\nFees associated with most “blockchain” based cryptocurrencies, such as Bitcoin, are several cents (and have even reached levels as high as $50.00 for a single transaction!!) So, perhaps your device wants to transfer $0.002... but it costs $1.00(+) in fees? Nope! That fee structure obviously does not work in a machine economy.\n\nNow consider the benefit of zero fee transactions. You can facilitate micro-transactions on an hourly (or even minute by minute) basis and never be penalized by fees. So, if your phone or laptop needs to access data from another device for the low cost of $0.002 per hour, no problem! You’ll transfer $0.002 - nothing more - and the merchant receives exactly what you transfer.\n\nOr perhaps your autonomous car only charges up $0.39 worth of electricity at a nearby station before work. That’s fine too! In theory, your car may be engaging with hundreds of other services over the course of a single hour. Each of these service providers can easily be paid their fractions-of-a-penny due for that short period of time via IOTA, and none of them will be restricted by a fee structure.\n\nHow can IOTA Function Without Any Fees or Financial Incentive for Facilitating Transactions?\n\nSo, no fees... Almost sounds too good to be true, right? It’s real - though a bit complicated - but it truly works.\n\nIOTA’s secure, fee-less method of conducting micro-transactions relies on the first practical implementation of a DAG, or “Directed Acyclic Graph.” The DAG architecture within IOTA is specifically named the “Tangle.”\n\n![](https://steemitimages.com/DQmYieUJs1yPH8gciWoSQeFT1MW2gZfVo44qV2SszWsYeot/image.png)\n\nThink of the Tangle as an endless cluster of nodes - each node being an IOTA transaction. When you attempt to make a payment with IOTA, you will first need to verify two other randomly selected transactions in the Tangle. Your electronic device will automatically handle these verifications for you by performing a small proof-of-work (PoW), which is essentially a computational puzzle.\n\nAfter your device has completed its mission of verifying the two random transactions, someone else in the world will randomly select your transaction, perform the PoW, and your transaction will also be complete. The entire process can be completed in a matter of seconds. This cycle continues for all future transactions - everyone who sends IOTA also helps complete other transactions - and no additional incentive, such as transaction fees, are ever necessary.\n\nIt’s worth noting that the PoW required to verify transactions was previously misunderstood, and a common criticism of IOTA was that this mandatory verification of random transactions could be costly in terms of processing power. For example, if your phone is processing a bunch of data in the background every time you initiate a transaction - uh oh - couldn’t this wreak havoc on your battery life?\n\nDavid Sønstebø, an IOTA co-founder, debunked this fear, explaining that the processing required for the PoW is negligible and should go unnoticed by users. In other words, battery life will not suffer and future IoT devices should not rack up unreasonable energy costs when approving other IOTA transactions.\n\nJust Remember - There’s More to This Technology Than Money\n\nThere is no point in denying it - the cryptocurrency industry is full of hype and “Oooh I’m gonna be a millionaire” dream talk. For a pragmatist, reading all the day-to-day price speculation is probably akin to nails on a chalkboard. Please do not let the ceaseless drama discourage you from looking at the practical side of cryptocurrencies. Look beyond the short-term financial motivations.\n\nIt’s also true that IOTA is a long way from perfection. Could IOTA eventually be usurped by another DAG-based cryptocurrency - or perhaps by another distributed ledger technology and protocol altogether? It’s certainly possible. That’s why I encourage you to complete your own due diligence and examine the deeper purpose and vision behind cryptocurrencies and this IoT movement.\n\nFascinating innovations may soon come to fruition because visionaries, such as the IOTA team, are building transaction protocols and a storage of value that propels the development of new, IoT technology.\n\nThis is about something much bigger than “money.” It’s about transcending from the “Information” Age... to the “Connected” Age.",
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