IOTA (MIOTA) yesterday, announced the launch of its much-anticipated technological update known as the IOTA Hub. The IOTA Hub according to the network is designed to solve many pressing issues and give enthusiasts of the digital asset a straightforward user experience and interface. We can recall that Ralf Rottman, one of IOTA’s board members initially kept users in wait regarding the update when he teased the launch of the Hub back in April this year. Rottman twitted that the network was working on new technology which is the IOTA Hub.
IOTA (MIOTA) Announced The Hubs Release Via Its Twitter Handle To Streamline The Network
IOTA (MIOTA) claimed that the launch of the Hub would see the whole process that service providers go through streamlined and hassle-free. Some rectifications that the network has fixed include problems ranging from seed management errors to issues in deposit address monitoring. Everything will be straightforward henceforth.
IOTA (MIOTA) Price Today – MIOTA / USD
The Process of Externally Signed Transactions Will Tackle The Issue of Double Signing
In a move to tackle the problem of double signing, IOTA (MIOTA) has introduced what is called the process of externally signed transactions with the network stating that its primary focus is to ensure the provision of standardized solutions in an environment seen as an open-source at heart. This is reportedly meant to ginger development by other groups in the cryptocurrency space. IOTA (MIOTA) has created separate API’s (Application Programming Interfaces) that will allow its users and service providers to carry out tasks on the platform hassle-free.
Officials at IOTA (MIOTA) have added that regarding the IoT timeline, it is essential for users to incorporate technology as quickly as possible. Keeping this line of thinking in mind, it is safe to say that the Hub will in a few weeks make exchanges to be support-ready rather than the previous long wait of months.