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IOTA [MIOTA] June trail: Updates and Upgrades!

Simran Alphonso

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IOTA [MIOTA] June trail: Updates and Upgrades!
Source: Pixabay

Of late, MIOTA has been recognized for their exercises. The month of May was loaded with occasions and MIOTA stated that June has significantly more to offer. In the period of June, MIOTA will run a couple of real battles and activities, for example, refreshing more data of Trinity wallet, the updates of Qubic venture, IXI Hub discharge, the first round of environment grantees and a far-reaching AMA with the IOTA Foundation.

The team at IOTA is constantly working on improving the IOTA reference implementation [IRI] and moving it closer to the IOTA white paper. This requires a lot of planning, research, development, and testing of any changes that they make. The IRI team at IOTA has been hard at work to improve the current tip selection algorithm. Additionally, today, they introduced a complete rewrite of the tip selection algorithm that is part of IRI version 1.5.0.

Today, IOTA tweeted:

“The IRI team at IOTA has been hard at work to improve the current tip selection algorithm. We are happy to introduce a complete rewrite of the tip selection algorithm in IRI version 1.5.0. Available now blog.iota.org/new-tip-select #IOTA”

Hulky, a Twitter user commented:

“I think he meant technical progress, not the price wise.”

The changes made in the new update is as follows:

  • Cumulative Weights
  • Fixed SubGraphs
  • Ignoring invalid Transactions
  • New transition function

IOTA also has worked on improving the readability and testability of the code. This will make maintaining the code and improvements in IRI simpler for the team.

Talking at Computex in Taipei, Asia’s largest trade show, Edward Greve, the Head Engineer at IOTA, outlines the concept of IOTA and how it will address the problems that blockchain poses, using its Tangle. Tangle MAM promises integrity, security, and privacy, and IOTA Token Flash Channels will be zero fees, real-time, and ‘machine ready’.

Edward Greve, the Head Engineer at IOTA said:



“Data is the new oil”

Maybe the oil is facing its recession now, as observed IOTA fell from its rank at #9 to #10 on CoinMarketCap earlier this week. Irrespective of the fall IOTA got back up to its position.

At the time of writing, MIOTA is traded at the price of $1.11 with a market of $3.09 billion. The coin has seen a fall of 4.35% in the past 24 hours and its weekly cap runs red with 11.70% degrade.





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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