• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured image

    A Beginner’s Guide to Bitcoin futures trading

    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Crypto Market
    • Guide
    • NFT
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured image

      A Beginner’s Guide to Bitcoin futures trading

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Crypto Market
      • Guide
      • NFT
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Altcoin

      IOTA and their Secret Project JINN: What we know so far

      Hitesh Malviya by Hitesh Malviya
      February 22, 2020
      in Altcoin
      0 0
      0
      featured image
      0
      SHARES
      ShareTweet

      JINN is arguably the most exciting project to come out of the IOTA distributed ledger. While IOTA presents itself as a software protocol, there are some pretty great hardware components that could make for a breakthrough for the company. JINN presents an exciting step for IOTA – bringing revolutionary microprocessors based on trinary calculation methods to the blockchain. So, the processor knows the states of 0 and 1, and -1. When it comes to IOTA and their secret project JINN, here’s what we know so far. 

      What is IOTA?

      Firstly, let’s take a quick look at what IOTA actually is. According to IOTA.org, IOTA is, “the first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.”

      IOTA is a distributed ledger, but not a blockchain. It consists of streams of individual transactions tangled together, rather than grouped in blocks and stored in sequential chains. 

      IOTA Explained in 2 Minutes

      What do we know about JINN? 

      When it comes to IOTA and their secret project JINN, here’s what we know so far: 

      JINN is supposed to form the basis for any device to confirm the two transactions (required by the Tangle), without having to switch a computer on. So, any mobile phone, car, or basically any other piece of tech, could send transactions via the Tangle. JINN will provide the technical basis for Qubic. 

      JINN isn’t a new thing. In fact, it was first announced in the NXT forum in 2014. NXT was invented by Sergey Ivanchenglo, the co-founder of IOTA, who also helped develop JINN. Initially, Ivanchenglo said that he needs a solution based on trinary computation to build Qubic – which sparked the inspiration for JINN.

      JINN has largely been kept under wraps from the beginning. We initially saw some prototyping of hardware emerging in the news in 2015, but allegedly there were some setbacks following that. David Sonstebo, IOTA’s co-founder said: 

      “Having out in the open discussions about all of these things is unheard of in the start-up industry, and that is for plenty of reasons: it affects hiring process, venture capitalist evaluations, legalities, competitive edge and so on. So in an effort to avoid shooting ourselves in our foot, we will take the appropriate measures to prevent this.”

      Then, in October 2015, he stated that IOTA “is needed to make JINN’s vision a reality” and hinted at the project’s future: 

      “For anyone still wondering why it’s “taking so long”: it’s really not. We’re trying to redo computing itself here, it’s not an easy task. Even big companies spend years developing their new iterations, JINN is no iteration, it’s a brand new paradigm, so patience is important.”

      IOTA’s Tangle


      What will JINN do? 

      Information about JINN is sparse, but there are rumors. JINN is likely the step needed for IOTA to become the base layer for the Internet of Things. However, IOTA would need to have a strong partner to manufacture the processors. Allegedly, this partner could be Bosch. Bosch, a German corporation, invested in the IOTA foundation in December 2017 through it’s venture capital arm, Robert Bosch Venture Capital (RBVC). Bosch also bought an unverified number of IOTA tokens to invest in the IOTA foundation. 

      However, this is still a rumor and nothing has been confirmed as of the time of writing. If you’re looking to trade IOTA, check it out on eToro – the world’s leading social trading platform. 

      Where next for IOTA? 

      When we look at IOTA and their secret project JINN, here’s what we know so far: 

      • JINN was initially thought of in 2014. 
      • It may be used as the basis for Qubic. 
      • It is still in development. 

      Ultimately, we don’t know much – but when it is finally released it’ll likely be monumental for IOTA – and for the industry as a whole. 

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: iota

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      by Hitesh Malviya
      March 8, 2021
      0

      The Best Altcoins To Buy in March 2021 – Part 1 The last month was great for the crypto market,...

      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      by Hitesh Malviya
      March 2, 2021
      0

      Top 5 Upcoming Token Sale(IEO/IDO) - MARCH Edition After the ICO bubble busted in 2018, Projects were struggling to find...

      hidden gems crypto

      Top 5 Hidden gems Crypto

      by Hitesh Malviya
      March 8, 2021
      3

      Top 5 Hidden gems Crypto Everyone Should Know About It is very easy to get lost in the crowd in...

      A simple guide to understanding FTX Bull and Bear tokens

      A simple guide to understanding FTX Bull and Bear tokens

      by Nivesh Rustgi
      February 24, 2021
      0

      FTX bull and bear are ERC20 tokens which gives 3x returns on the change in price of the underlying assets....

      featured image

      Top 10 Low market cap altcoins to invest in 2021

      by Nivesh Rustgi
      March 8, 2021
      0

      In this article, we will discuss Top 10 Low market cap altcoins to invest in 2021. The cryptocurrency market is...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      March 8, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      March 8, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      March 8, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      Top 10 crypto trading bots

      Top 10 crypto trading bots

      March 8, 2021
      tron squire

      Tronsquire: A Million Dollar Scam on Rise In India which promises up to 1000x Returns on TRX

      March 7, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      NBA TOP SHOT

      NBA Top Shot: What’s All The Buzz About?

      March 8, 2021
      blockchain myths

      Top 5 Blockchain Myths Explained

      March 4, 2021
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • Top 10 NFT Crypto Projects You Should Know

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        0 shares
        Share 0 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.