IOTA (IOTA) Price Today

IOTA Key Events

Let’s take a look at what happened to IOTA in the past and what is happening now.

• The IOTA Foundation launched the IOTA mainnet after receiving $500,000 in funds during the seed round from the initial investors in 2016. This is when the IOTA network went live.
• This project announced a collaboration with Microsoft, Volkswagen, and the Samsung Group in 2017. The purpose of this tie-up was to build a protected data marketplace.
• Pointing out the centralized approach used in this particular crypto project, MIT’s Digital Currency Initiative (DCI) published a report.
• In 2018, the founding team collaborated with MIT DCI to work out a solution to eliminate the security vulnerabilities within its centralized approach. This led to the establishment of the IOTA Foundation.
• In 2019, Sergey Ivancheglo resigned from his position, demanding 25 million tokens.
• The project suffered from a 12-day outage of the coordinator node that confirms all transactions in February 2022. This shutdown became unavoidable after the team received reports of hackers stealing funds from user wallets.
• After experiencing the worst, the project was forced to fire one of its original co-founders, David Snsteb, due to his irresponsible comments and behavior.
• In February 2021, this project’s team started addressing security-related issues and announced a network upgrade.
• In April 2021, the Chrysalis upgrade launch made this project ready to be incorporated into the real world.
• Beginning in 2022, the non-profit foundation will fund a £1 grant to Imperial College in London to investigate DLT and promote the circular economy.