PWL #49: The Tangle

• What we'll do
PWL mini:
Maybe you!!!

Main Event:
Joshulyne Park will be leading a discussion on "The Tangle." This is the paper behind IOTA, a cryptocurrency for the Internet of Things (IoT).

Abstract:
In this paper we analyze the mathematical foundations of IOTA, a cryptocurrency for the Internet-of-Things (IoT) industry. The main feature of this novel cryptocurrency is the tangle, a directed acyclic graph (DAG) for storing transactions. The tangle naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machineto-machine micropayment system.

An essential contribution of this paper is a family of Markov Chain Monte
Carlo (MCMC) algorithms. These algorithms select attachment sites on the tangle for a transaction that has just arrived.

Paper Link:
https://assets.ctfassets.net/r1dr6vzfxhev/2t4uxvsIqk0EUau6g2sw0g/45eae33637ca92f85dd9f4a3a218e1ec/iota1_4_3.pdf
Dinner will be provided! We usually eat between 6:30 and 7:00, with papers starting at 7.

• Important to know

Big ups to Microsoft Reactor for hosting this month!

As a chapter of Papers We Love we abide by and enforce the PWL Code of Conduct (https://github.com/papers-we-love/seattle/blob/master/code-of-conduct.md) at our events. Please give it a read, plan on acting like an adult, and involve one of the organizers if you need help.

Stop slacking and join us in the #seattle channel at https://papersweloveslack.herokuapp.com!

If you have a paper you'd like to present, or even just a mini, please hit up one of the organizers :) We're always looking for more presenters.