Bitfinex enables IOTA deposits and withdrawals

Bitfinex exchange launches deposits and withdrawals for IOTA
11 August

One of the leading cryptocurrency exchanges, Bitfinex, announces the launch of IOTA deposits and withdrawals.

It's worth mentioning that it was Bitfinex that officially launched the IOTA token, IOT, about two months ago. This launch represented a milestone for IOTA as they expanded their user base significantly. 

Exchange listing is something that has become a hallmark for all crypto projects. It represents that the technology is ready for the open market and the wider audience.

David Sønstebø 
IOTA founder

Thus, with the launch of IOT token, the transaction volume became so massive that the Bitfinex servers briefly went down. All in all, IOTA Token has hit $1.5 billion market cap.

Ar the time of writing, IOTA's market cap is about $1.8 billion and the cryptocurrency holds the seventh position in the list.

IOTA market cap on IOTA market cap on

Ethereum network is still unstable

Byzantium had executed on Monday, but developers aren't ready to call the software transition complete
18 October

Organizations and developers are better off refraining from launching large projects until the Ethereum network is fully stable after the recent Byzantium update. This is said by the Gavin Wood, Parity Technologies head and reported by the Coindesk.

Since new versions of the software were released just days before the fork, much of the network has not yet been updated. So, at the time of press, slightly more than 25% of Parity customers updated, in Geth this indicator is slightly higher - about 59%. So, in total, the update was made about 45% of the network.

Another aspect that should also be taken into account is the short time for testing. In particular, the developers recalled previous versions of the software, discovering critical errors that could make the network vulnerable to DoS attacks or lead to incompatibility between nodes and, as a consequence, network sharing.

Therefore, the question of how safe the network is at the moment is fully justified and, taking into account what has been said above, remains open. This is exactly what Gavin Wood warned, recommending at this stage to refrain from launching large-scale projects.

In addition to the nodes that have yet to update, there is also a possibility that in the current Byzantium software there may be bugs that endanger the security of the Ethereum network. The most dangerous among them is a bug of consensus, in which nodes can not communicate. Its result can be the separation of the block-man into several incompatible chains.

As far as is known, at the moment developers are conducting extensive tests, trying to detect such bugs before they are active. As Gavin Wood says, if the network does contain such a bug, it will take several days to prove itself.

I don't think anyone believed the network was going to self-combust on block 4,370,000.

Gavin Wood
Head, Parity Technologies

The head of Parity Technologies is also convinced that if problems are discovered, the Ethereum development team will quickly release new updates designed to prevent any harm to the platform.