Serguei Popov, co-founder of IOTA talks about the project

-

Siga no
IOTA POPOV ENTREVISTA
IOTA POPOV ENTREVISTA
Anúncio

In an exclusive interview to the channel Cryptology  and portal Livecoins Sergei Popov professor at  Unicamp  and co-founder of IOTA cryptocurrency, he spoke about the project.

Serguei Popov holds a PhD in mathematics from the University of Moscow and together with Sergey Ivancheglo, David Sønstebø and Dominik Schiener he has given life to one of the most important crypto-coins in the industry.

In the interview, Popov, who is responsible for the theoretical / conceptual development of IOTA, said he had met Bitcoin and crypto-coins five years ago and then became interested in the subject, while researching on altcoins in the Bitcointalk forum, he met a project called NxT that looked very promising.

Anúncio

Popov made calculations on the NXT blockchain and shared a paper on the forum . People liked it and the article brought prestige in the crypto-coins community to the teacher who was invited to join a project called Amaranth, later renamed to IOTA.

According to Popov, the initial IOTA project needed improvements to ensure security, so he persuaded developers to change the code. 4 months later they arrived in a design that is known today and respected by the Global community.

On the future, in a joking tone Popov says that “IOTA wants to dominate the world”, the project was created for micro transactions and focuses on Internet of Things. He points out that “transaction fee does not match micro transactions.” To solve the problem of rates it is necessary to eliminate the mining process and therefore the miners.

The solution was to create a collaborative system. There are no transaction fees at the IOTA, to process transactions users must collaborate with the network. That way, in a system where there are hundreds of millions of connected devices, all of them must be actively involved, collaborating with the system.

“Let’s kill the Coordinator”

IOTA is still a centralized cryptocurrency, just as Bitcoin was once a day. The IOTA Foundation has a central node called the Coordinator. Its main goal is to protect the network until it becomes strong enough to sustain a large-scale attack.

Asked about this, Popov said that there is a project that wants to eliminate the Coordinator dubbed “Coordicide” and will soon be published by the foundation. This project would lead to the decentralization of the project and the end of the Coordinator.

IOTA Scalability

Theoretically the more users on the IOTA network the more transactions per second it can perform. Popov points out that the concern of several crypto-coins in solving scalability problems resembles “the mega-pixel race of digital cameras.”

Before working on scalability, IOTA will solve the “problem” of the Coordinator.

IOTA and resistance to quantum computing

IOTA was one of the first crypto-monks to worry about quantum computing – one of the main threats to crypto-coins – asked about where the initiative came from, Popov said that the quantum threat is real and can come at any time.

Popov points out that every public key cryptography system is not resistant to quantum computing, because of this IOTA was concerned with developing the project with resistance from the outset.

This is mainly due to the fact that IOTA uses a signature scheme based on the Winternitz hash, which is considered (reasonably) resistant to quantum computing.

https://youtu.be/bfrPwtvkswM

Siga o Livecoins no Google News para receber nossas notícias em tempo real.
Curta nossa página no Facebook e também no Twitter.
Receba também no email se cadastrando em nossa Newsletter.
Leia mais sobre:
Mateus Nunes
Mateus Nuneshttps://livecoins.com.br
Analista de Sistemas, aprendiz e entusiasta de criptomoedas e blockchain. Sugestão de pauta: [email protected]
Corretora de criptomoedas e Bitcoin Binance

Para combater coronavírus, Binance busca arrecadar 5 milhões de dólares

Entre os inúmeros esforços para combater a pandemia de coronavírus, cada vez mais pessoas e empresas importantes estão se engajando nesta causa. E agora...

Veja os fatores que ajudaram a derrubar o preço do Bitcoin na semana passada

As últimas semanas trouxeram um verdadeiro choque para a economia global, causando quedas significativas para bolsas do mundo todo. E nem o criptomercado escapou...
Bitcoin caindo

Bitcoin cai abaixo dos 5 mil dólares e causa incerteza sobre seu futuro

Enquanto o mercado global continua enfrentando a contínua desvalorização de títulos e ações, o Bitcoin e outras criptomoedas também estão sentindo efeitos negativos. A principal...

Últimas notícias

Documentos vazados revelam que bancos lavaram R$ 10 trilhões em dinheiro ligado a crimes

Mais de 2.100 documentos secretos da FinCEN, Rede de Combate a Crimes Financeiros dos EUA, foram vazados e os detalhes desses arquivos trazem informações...

Europa vai regulamentar Bitcoin até 2024, apontam documentos

Segundo documentos vazados para a imprensa, a Europa vai regulamentar o Bitcoin até 2024 em todos os países membros do bloco. O tema ganhou...

Brasil desenvolve com blockchain uma identidade descentralizada

O Brasil caminha rumo às novas tecnologias e já desenvolve com uso da blockchain um novo projeto. Chamada de identidade descentralizada, a solução promete...