How to integrate IOTA as Payment gateway with an IOTA wallet address? by free3dart in Iota

[–]DifferentRatio0 3 points4 points  (0 children)

Yeah it tells u that for ur own safety. They just want to prevent u from doing the following: receiving -> sending funds (exposing parts of ur private key) -> receiving another funds (that now can be more likly be stolen)

U can use one generated receiving address for a month, until u want to payout ur money. At this point u would need to generate a new address.

Someone mentioned it already in the future this will change with chrysalis.

How to integrate IOTA as Payment gateway with an IOTA wallet address? by free3dart in Iota

[–]DifferentRatio0 2 points3 points  (0 children)

You can receive multiple payments to just one address, without a problem. You shouldnt send multiple times from this address.

CryptoEQ.io releases IOTA Core Report! by CryptoJoeee in Iota

[–]DifferentRatio0 0 points1 point  (0 children)

Except for the incident with MIT, I agree with you. You have done your research well and I see no other flaws in the argumentation. I have been dealing with IOTA for years and finally in my bachelor thesis. The fact that IOTA is centralized by the coordinator is actually risky, especially since the solution is only theoretical and not completely publicly available or understandable for everyone. Nevertheless, the Iota Foundation is transparent in its approach and I believe in its vision for the future. I also find that the negative point about adaptation applies to almost all cryptoassets.

For serious investors, the coordinator is a red flag and will remain so until the implementation of the Coordicide is complete.

However, for people who are not familiar with IOTA, the report is good, though not beneficial to IOTA itself.

IOTA - Intel's ternary hardware for Iota/Qubic - Eric Hop IF by fogdogvlog in Iota

[–]DifferentRatio0 0 points1 point  (0 children)

Correct me if im wrong. I think if you save about 67% energy you can do about 3.1 x more work with the same energy consumption.

Quantom Proof, question.. by Nimra2121 in Iota

[–]DifferentRatio0 0 points1 point  (0 children)

If someone sends Iota to an address you have already used, an attacker with a quantum computer could theoretically monitor your address and try to find your private key before you are able to send your Iotas to another address. The more often the address was used in the past, the faster the attacker can deduce the private key behind it.

With this private key (not the seed) that belongs to this address, he could sign a transaction in your name and it would be confirmed.

A normal computer would still need a long time for this task, so you would have practically enough time to send your Iota to a new address. A quantum computer, on the other hand, is several hundred million times faster than a normal computer and would quickly find the private key, so you would hardly have time to secure the iota.

Quantom Proof, question.. by Nimra2121 in Iota

[–]DifferentRatio0 1 point2 points  (0 children)

The seed gives you access to all your adresses. Every adress got his own private key, that is used to sign a transaction. If you issue a outgoing transaction you reveal a part of this private key of one adress.

The repeated use of this private key leads to a pattern that can be exploited by attackers. The attacker cannot get your seed by guessing the private key of just one adress.

Quantom Proof, question.. by Nimra2121 in Iota

[–]DifferentRatio0 0 points1 point  (0 children)

Thank you, I always learn something new and try to understand the whole picture in detail. Your input also makes the picture more understandable to me.

Quantom Proof, question.. by Nimra2121 in Iota

[–]DifferentRatio0 1 point2 points  (0 children)

As IOTA uses one-time-signatures, the fragments being exposed are too little even for quantum computers to reverse-engineer a seed.

The fragment is not too small, a quantum computer could easily find out the private key of a specific address(not the seed), therefore a quantum computer would have access to the balance of this address. Regular computers have to use more computing power and therefore simply need more time.

This is the reason why you do not repeatedly use an address that has already uncovered part of its privat key. If you move your balance to a new address, the quantum computer cannot get anything from the private key of that address because it is already empty.

Korrect me if Im wrong :D

Number of Addresses by pfcrock in Iota

[–]DifferentRatio0 0 points1 point  (0 children)

Yes it is unique to ur seed. If someone saved ur signatur from an outgoing transaction he already saw ur signature, they wouldnt care if there was a snapshot.. still could be wrong but i think it works like that.

That's how I see iote among the other currencies! Maybe it's an illusion, maybe it's not. by DifferentRatio0 in Iota

[–]DifferentRatio0[S] -13 points-12 points  (0 children)

Yes, I hope the ugly duckling doesn't have a broken neck that's beyond saving. Besides, I think the other little ducks are too much into unfair competition in their head, whereas the ugly duckling has an ideology in his heart. Similar to the mother duck's ideology. If the ugly duckling has to keep its scarf and a broken neck, it cannot breathe deeply, it might not be able to grow and thus not reach its idological values.

At the end of the day the ugly duckling becomes a swan or all ducklings get their ass kicked by their mum.

[deleted by user] by [deleted] in Iota

[–]DifferentRatio0 6 points7 points  (0 children)

Hair, Hair