IOTA is the first distributed ledger to have no transaction fees and it uses a gossip protocol to propagate transactions through the network. They have new updates coming their way.
Masked Authentication Messaging [MAM]
It functions as a library that signs and encrypts, decrypts and, authenticates the data that you wish to publish to the Tangle, which is IOTA’s distributed ledger. With this protocol, you can publish messages providing a key through which someone else can subscribe to your messages.
To sign the cipher digest of an encrypted message, MAM uses a Merkle tree based signature scheme and its root is used as the ID of the channel.
There are three modes by which MAM can be used. They are: The public mode which uses the tree’s root as the address of the transaction that the message is published to, the private mode that can be used for encrypted streams not meant for public consumption and a restriction mode that adds an authentication to key to private mode.
MAM is regarded as IOTA’s most potent IXI modules which secure data’s integrity and controls its access management.
Ledger Nano S IOTA
The Leger Wallet is among the others the safest one. The Nano S Ledger stores the cryptocurrencies on a hardware. The wallets are connected to a meticulously encrypted account. It is an easy-to-use hardware wallet that offers high security and affordability.
Based on dual-chip architecture, the integrity is verified by a cryptic certificate. The hardware is compatible with Windows and MAC and requires a network browser along with a USB port. It can also be used with Android smartphones.
The upcoming IOTA Hardware Wallet “Ledger Nano S” currently supports, Bitcoin [BTC], Bitcoin Cash [BCC], Ethereum [ETH], Ethereum Classic [ETC], Litecoin [LTC], [DASH], Dogecoin [DOGE], Zcash [ZEC], Ripple [XRP], Stratis [STRAT], Komodo [KMD], PoSW, ARK, Ubiq, Expanse [EXP], PIVX, Vertcoin, Viacoin, Stealthcoin [XST], NEO and Bitcoin Gold.
A Twitteratti commented:
“Security will not be a problem for us IOTA investors if this becomes a reality. Waiting for IOTA to go beta. Hold on to your belts folks!”
Another Twitteratti said:
“JEA! Finally! Thats awsome! Looking forward to see your progress. Keep going IOTA. No way to make errors. All automatic and safe.”
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