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      "title": "IOTA İS RİSİNG?",
      "body": "What's IOTA?\n\nIOTA stands for Internet of Things Application, and it’s a new crypto technology that facilitates transactions between devices on the Internet of Things (IoT). IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Instead, in order to submit a transaction to the IOTA ledger, you must verify two other previous transactions.\n\nThis method of verification means there’s no central ledger, and there’s no need for miners to power the network.\n\nAs the devices on the network randomly verify each other’s transactions, they build consensus through the web of connections between transactions. In cryptography, this type of verification is known as Directed Acyclic Graph (DAG), but the creators of IOTA call it the Tangle.\n\nSince computing power in the Tangle grows as the network grows, IOTA is promising free, fast transactions. It’s also designed to process micro-payments and payments between machines, facilitating a whole machine-to-machine micro-economy.\n\nWhile IOTA makes big promises, the technology is still new, and it’s not without its detractors. In this article, we’ll look at how IOTA works, what it might be used for, some of the criticisms it’s facing, and whether you should invest in the token.\n\nTechnical Details\nLaunched: June 11, 2016\nTotal coin supply: 2,779,530,283,277,761\nAlgorithm: Proof of Work (PoW) using a version of SHA-3\nBlock time/reward: No blocks, verify two transactions to submit your own transaction\nThe Challenge: Machine to Machine Payments\nThe Internet of Things is already a major force in the world economy.\n\nCompanies are creating cameras, sensors, and other devices to monitor conditions in factories, shipping lanes, farms, stores, and homes. According to research from Gartner, IoT grew to 8.4 billion devices in 2017, and the outlook for future growth is exponential.\n\nIOTA’s vision is to be the platform for machine-to-machine (M2M) transactions. IOTA’s founders started the company after working in the IoT industry, and they argue that in order for IoT to be most useful, the devices in the network need to share and allocate resources efficiently.\nThis means the devices need to be able to purchase more electricity, bandwidth, storage, or data when they need it, and sell those resources when they don’t need them.\n\nEven on a small network, this means potentially dozens of transactions per second as devices communicate and use resources. With so many transactions, at such a small, fast scale, IOTA’s founders believe blockchain technology isn’t adequate for IoT applications.\n\nBlockchain networks struggle with scalability (as we’re seeing with Bitcoin’s SegWit2x fork debate), and they often resort to charging fees in order for miners to include your transaction in a block sooner. IOTA aims to solve both scalability and fees with its new network so that billions of IoT devices can use it.\n\nScalability: IOTA Is Not a Blockchain Technology\nSince IOTA plans to have billions of transacting nodes on its network once fully implemented, the founders needed to design a network where the processing power grows as nodes on the network grow. To that end, they designed The Tangle, a consensus-building system where the device submitting a new transaction must first verify two other transactions on the network. For each verification, the verifier performs a small proof of work linking the transactions into the overall Tangle.\n\nThe Tangle means that consensus is reached based on a web of verifications. Each transaction is linked to the two transactions it verified, and over time it will be linked to future transactions that verify it. This solves the scalability problem as the network no longer relies on a central blockchain.\n\nEvery new device on the network contributes its computing power to the network when it submits a transaction. The Tangle also eliminates block mining, and all the coins on IOTA were created at the genesis of the network.\n\nTransaction Fees: How IOTA is Free to Use\n\n\nSince you contribute computing power to the network when you submit a transaction, the cost of using the network is only as great as the electricity needed to verify two other transactions on IOTA. The Tangle allows IOTA to operate fee-free, and it means the network is even more distributed than a blockchain network. With blockchain, the network is distributed among the miners on the blockchain. With the Tangle, the network is distributed among every participating node on the network.\n\nThe absence of fees is critical to IOTA’s mission of servicing IoT devices. These devices will often be transacting at fractions of a penny with high frequency. Any fees charged on such small transactions would make micropayments unfeasible. In order to serve as the backbone for the M2M economy, IOTA has to be free to use.\n\n34% Attacks & The Coordinator\nThose familiar with blockchain technology know that a blockchain is vulnerable if one party has 51% of the computing power on the network. At that point, it’s theoretically possible for a bad actor to create and verify false transactions. Since IOTA uses the Tangle to verify its transactions, it’s theoretically vulnerable if one party controls only 34% (greater than 1/3) of the network’s computing power.\n\nThe difficulty of implementing a 34% attack against the IOTA tangle shouldn’t be underestimated. Since the Tangle is a complicated web of nodes and transactions, you’d still have to discover the nest of the network before you could leverage your 34% advantage.\n\nEarly in IOTA’s implementation is when it’s most vulnerable to such an attack. Since the early network is small, with fewer nodes, it’s easier for an attacker to accumulate a 34% share of the network. To combat this threat, IOTA is using a “Coordinator” in its early implementation, to ensure the early Tangle isn’t compromised.\n\nWhile it’s a necessary step for security early on, and IOTA plans to eliminate the Coordinator once the network is strong enough, it does mean that the platform and currency are currently centralized, and you have to trust the IOTA Foundation if you decide to invest.\n\nProprietary Technologies\nThe IOTA team has received praise and criticism for its use of new technologies in developing the platform. Originally, IOTA used its own hash function known as Curl for all proof of work and key generation. While the proof of work hashing has since changed to a more traditional SHA-3 protocol, IOTA still uses the proprietary Curl hashing function for other applications on the platform.\n\nIOTA also implements trinary logic, instead of binary. Using processors with three states could mean advantages in efficiency and overall computing power. IOTA is working closely with JINN Labs on hardware for IoT devices that are capable of computing in trinary.\n\nConcerns, Weaknesses, & Critiques\nA number of crypto technology experts have questioned IOTA’s viability as a platform. Implementing so many new technologies at once, it’s difficult to believe that there are no weaknesses or flaws in IOTA’s implementation. The technology behind IOTA simply hasn’t been tested enough to know how it will work at scale, and how it will hold up to attacks. This overall lack of testing and peer review is the biggest concern for IOTA’s detractors.\n\nEarlier this year, MIT and Boston University made waves when they published a scathing paper outlining critical security flaws in the Curl hashing function. The idea that you can “roll your own crypto” is strongly looked down upon in the community and among experts. Good cryptography takes years to develop, test, and review. The SHA-3 hashing algorithm took nine years to complete, and experts have shown concern that IOTA’s developers chose to try to write their own cryptography instead of using established standards. These concerns have led to a fairly unstable price for the IOTA token.\nIt’s easy to forget, however, that every new technology goes through technical hurdles and growing pains. Bitcoin had the Mt. Gox scandal, and Ethereum weathered the DAO hack. While the technology and implementation behind IOTA will certainly change, potential investors should consider the overall architecture of the IOTA cryptocurrency and the history of the development team when considering whether to invest.\n\nConclusions\nThe IOTA cryptocurrency uses technology that has a lot of potential.\n\nIf successful, the Tangle could be a viable competitor to blockchain technology for transactions, and the internet of things market for microtransactions will only continue to grow. Since IOTA is cutting edge, however, its technology hasn’t been thoroughly tested. In the end, your decision to buy IOTA should be based on thorough research about the technology and its founders. IOTA’s tangle could be the next big advance in cryptography, but investing in an untested technology is inherently risky, so do your research.![54_big.jpg](https://steemitimages.com/DQmSgK4yuzczgXxo1W9mB3LvmouSVD4fdMMBXutWFSW3epE/54_big.jpg)",
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      "author": "bobmarleyp",
      "permlink": "what-do-bitcoin-futures-mean-for-the-future-of-bitcoin",
      "title": "What Do Bitcoin Futures Mean for the Future of Bitcoin?",
      "body": "Great question, so glad you asked.\n\nA big securities exchange in Chicago on Sunday began selling Bitcoin futures for the first time, something seen by many as an important step toward mainstream usage. But what this really means for Bitcoin and its users is far from clear.\n\nFutures contracts let traders bet on whether the price will rise or fall, without actually having to hold bitcoins. (Activity on Monday suggests that most expect the currency’s staggering price gains to slow in the coming months.) That will likely draw more traditional investors who are interested in Bitcoin but would like to avoid the hassle of storing the currency and keeping it secure from hackers.\n\nProponents of futures say they will increase transparency in the underlying market and could reduce Bitcoin’s volatility. Skeptics say the exchanges launching futures—CME and Nasdaq plan to soon follow the Chicago Board Options Exchange’s initial launch—are rushing the contracts to market without properly assessing the risk.\n\nThe new contracts make it easier to short Bitcoin, and it’s possible that short sellers could come to dominate the futures market, which would push the price down. On the other hand, as Bloomberg’s Matt Levine points out, “so far every expansion of Bitcoin access has had the opposite effect.”![chart-1905225_1920-725x407.jpg](https://steemitimages.com/DQmTdpz6JJNnBhPAard4PoS4WQaGPzptDZuBY2icUavaVT3/chart-1905225_1920-725x407.jpg)",
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      "body": "https://i.imgur.com/X7XfISK.png\nGet your post resteemed over 90000+ followers and get upto $19+ value Upvote. Your post will skyrocket and give you maximum exposer. \n\n> Send 1 SBD or Steem with your post url you will get your post share over 30000+ followers and 1 upvote $1.5+ value.\n\n> Send 2 SBD or Steem with your post url you will get your post share over 30000+ followers and 1 upvote $3+ value.\n\n> Send 3 SBD or Steem with your post url you will get your post share over 60000+ followers and 1 upvote $5+ value.\n\n> Send 5 SBD or Steem with your post url you will get your post share over 90000+ followers and 1 upvote $9+ value.\n\nSee our all pakages at: http://www.whaleboostup.ml",
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      "title": "Who is Pablo Escobar?",
      "body": "Colombian drug lord Pablo Escobar's ambition and ruthlessness made him one of the wealthiest, most powerful and most violent criminals of all time.\nWho Was Pablo Escobar?\n\nPablo Emilio Escobar Gaviria (December 1, 1949 to December 2, 1993) was a Colombian drug trafficker who eventually controlled over 80 percent of the cocaine shipped to the U.S., earning him the rank of one of Forbes Magazine’s 10 wealthiest people in the world. Escobar entered the cocaine trade in the early 1970s, collaborating with other criminals to form the Medellin Cartel. He earned popularity by sponsoring charity projects and soccer clubs, but later, terror campaigns that resulted in the murder of thousands turned public opinion against him. He was killed by Colombian police in 1993.\nEscobar’s Wife, Son and Daughter\n\nIn 1976, Pablo Escobar married 15-year-old Maria Victoria Henao. The couple had two children together: a son, Juan Pablo Escobar, and a daughter, Manuela. \n\nToday Escobar’s son Juan Pablo is a motivational speaker who goes by the name Sebastian Marroquin. Marroquin studied architecture and published a book in 2015, Pablo Escobar: My Father, which tells the story of growing up with the world’s most notorious drug kingpin. He also asserts that his father had committed suicide. \n\n'My father's not a person to be imitated,” Marroquin said in an Agence France-Presse interview. “He showed us the path we must never take as a society because it's the path to self-destruction, the loss of values and a place where life ceases to have importance.”   \n\nPablo Escobar’s Net Worth\n\nBy the mid-1980s, Pablo Escobar had an estimated net worth of $30 billion and was named one of the 10 richest people on Earth by Forbes. Cash was so prevalent that Escobar purchased a Learjet for the sole purpose of flying his money. At the time, Escobar controlled more than 80 percent of the cocaine smuggled into the United States; more than 15 tons were reportedly smuggled each day, netting the Cartel as much as $420 million a week.\n![heres-how-rich-pablo-escobar-would-be-if-he-was-alive-today0.jpg](https://steemitimages.com/DQmXB7efHEZEtXgQtapquQs3bZn6nk5Eahn62bny34KHcky/heres-how-rich-pablo-escobar-would-be-if-he-was-alive-today0.jpg)As Escobar’s fortune and fame grew, he dreamed to be seen as a leader. In some ways he positioned himself as a Robin Hood-like figure, which was echoed by many locals as he spent money to expand social programs for the poor.\n\nHow Did Pablo Escobar Die?\n\nColombian law enforcement finally caught up to Pablo Escobar on December 2, 1993 in a middle-class neighborhood in Medellin. A firefight ensued and, as Escobar tried to escape across a series of rooftops, he and his bodyguard were shot and killed.\n\nWhen and Where Was Pablo Escobar Born?\n\nPablo Escobar was born on December 1, 1949 in the Colombian city of Rionegro, Antioquia; his family later moved to the suburb of Envigado. \n\nEarly Life\n\nEscobar came from modest means: His father worked as a peasant farmer while his mother was a schoolteacher. From an early age, Escobar packed a unique drive and ambition to raise himself up from his humble beginnings. \n\nEscobar got his criminal start as a petty street thief, stealing cars before moving into the smuggling business. Escobar’s early prominence came during the “Marlboro Wars,” in which he played a high-profile role in the control of Colombia’s smuggled cigarette market. This episode proved to be a valuable training ground for the future narcotics kingpin.\n\nCocaine and Colombia: Escobar’s Rise to Power\n\nIt wasn’t by chance that Colombia came to dominate the cocaine trade. Beginning in the early 1970s, the country became a prime smuggling ground for marijuana. But as the cocaine market flourished, Colombia’s geographical location proved to be its biggest asset. Situated at the northern tip of South America between the thriving coca cultivation epicenters of Peru and Bolivia, the country came to dominate the global cocaine trade with the United States, the biggest market for the drug, just a short trip to the north.\n\nEscobar moved quickly to grab control of the cocaine trade. In 1975, Medellin drug trafficker Fabio Restrepo was murdered. His killing, it’s believed, came at the orders of Escobar, who immediately seized power and expanded Restrepo’s operation into something the world had never seen.\n\nUnder Escobar’s leadership, large amounts of coca paste were purchased in Bolivia and Peru, processed, and brought to America. Escobar worked with a small group to form the infamous Medellin Cartel. \n\nEscobar’s Short-Lived Stint in Politics\n\nAs a young man, Pablo Escobar told friends and family that he wanted to become president of Colombia. Yet as he saw it, his path to wealth and legitimacy lay in crime. \n\nIn 1982 Escobar was elected as an alternate member of Colombia’s Congress. But the reasons for his wealth could not stay hidden, and two years after his election he was forced to resign. The justice minister who had revealed Escobar's notorious background was later slain.\n\nHow Many People Did Pablo Escobar Kill?\n\nPablo Escobar was responsible for the killing of thousands of people, including politicians, civil servants, journalists and ordinary citizens. When he realized that he had no shot of becoming Colombia’s president, and with the United States pushing for his capture and extradition, Escobar unleashed his fury on his enemies in the hopes of influencing Colombian politics. His goal was a no-extradition clause and amnesty for drug barons in exchange for giving up the trade. \n\nEscobar’s terror campaign claimed the lives of three Colombian presidential candidates, an attorney general, scores of judges and more than 1,000 police officers. In addition, Escobar was implicated as the mastermind behind the bombing of a Colombian jetliner in 1989 that killed more than 100 people, including two American citizens. \n\nEscobar’s terror eventually turned public opinion against him and caused a breakup of the alliance of drug traffickers.\n\nEscobar’s Prison, La Catedral, and His Escape\n\nIn June 1991, Escobar surrendered to the Colombian government of President Cesar Gaviria. In return, the threat of extradition was lifted and Escobar was allowed to build his own luxury prison called “La Catedral,” which was guarded by men he handpicked from among his employees. The prison lived up to its name and came complete with a casino, spa and nightclub.\n\nIn June 1992, however, Escobar escaped when authorities attempted to move him to a more standard holding facility. A manhunt for the drug lord was launched that would last 16 months. During that time the monopoly of the Medellin Cartel, which had begun to crumble during Escobar’s imprisonment as police raided offices and killed its leaders, rapidly deteriorated. \n\nShortly before his death, Escobar’s family had unsuccessfully sought asylum in Germany and eventually found refuge in a Bogota hotel. Pablo Escobar was killed by Colombian law enforcement on December 2, 1993.\nAfter Escobar’s Death\n\nPablo Escobar’s death accelerated the demise of the Medellin Cartel and Colombia’s central role in the cocaine trade. His passing was celebrated by the country’s government and other parts of the world. His family was placed under police protection. \n\nStill, many Colombians mourned his killing. More than 25,000 people turned out for Escobar’s burial. “He built houses and cared about the poor,” one funeral goer stated at Escobar’s funeral in a story reported by The New York Times. “In the future, people will go to his tomb to pray, the way they would to a saint.” \n\nNeflix’s 'Narcos'\n\nAssisting in the manhunt for Pablo Escobar were two American Drug Enforcement Agents, Steve Murphy and Javier Peña, both of whom had been working the Escobar case for years. Their story formed part of the backbone of the 2015 Netflix series Narcos.\n\nIn July 2016 Escobar's brother, Roberto, announced he was prepared to sue Netflix for $1 billion for its misportrayal of their family in its series Narcos. Roberto was Pablo's accountant for his drug gang in real life, but in the show, the accountant is depicted as a non family member who turns out to be a C.I.A. agent. Roberto is demanding a right to review the second season's story and getting properly compensated. \n\n“In the first season of Narcos, there were mistakes, lies and discrepancies from the real story,” Roberto writes in a letter to Netflix. “To this date, I am one of the few survivors of the Medellin cartel, and I was Pablo’s closest ally, managing his accounting and he is my brother for life. I think nobody else in the world is alive to determine the validity of the materials, but me.”",
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