How does IOTA work?

[@SirajRaval]

No one paid me to make this video. I just think IOTA is cool.

[@abbaril]

That's kind of you.

[@jat9292]

Hey Siraj, why do you think about Raiblocks? Its developper got the DAG idea first and actually it looks more promising than IOTA because it is really decentralized (iota use coordinator + self coded cypher non peer reviewed)

[@JasonWhittle1]

Pretty cool video. I was expecting a little skeotisism about the network's ability to run securely without the coordinator. You must be confident it will not be a problem?

[@marcelengelmann9605]

You are awesome!

[@MsgrTeves]

Hi Siraj, Bitfinex is no longer supporting US customers. Any other recommendations?

[@MikeHermesNet]

Siraj!!!! Please accept my personal compliment. You are the guy who explain the Blockchain with the clearest concept on KZbin.

[@oj1997ss]

Siraj is that man who gives professional business presentations on a Jupiter Notebook

[@SirajRaval]

haha it works!

[@TheSandy156]

These are brilliant lectures. 👏👏👏. I’m sorry to see that you aren’t doing any new ones.

[@pypro]

You have been hitting the GYM Siraj!!! haha nice video!

[@carinonelson5627]

Great video! I wasn't sure to invest on IOTA but you made it clear for me. It's an awesome technology. The World Trade Organization mention IOTA as one of the coins could Revolutionize International Business. Keep up the great Job!!

[@EPOCHEDM]

IOTA starts at 8:53

[@BUCK3TM4N]

This was a great intro to IOTA. I thinks its time to read that whitepaper and dive deeper into this concept.

[@GigaGoose123]

I've been waiting for this!!!! I got into iota a long time ago and finally I'm starting to see my favourite people talk about it. Now I know it's going to be big!

[@SirajRaval]

thanks Aaron!

[@ItsMe-ky1km]

How is it going now

[@williamgetty1373]

Siraj, you are great at explaining complicated matters.

[@ravisawhney3111]

Nice and timely video as I wanted to learn more about Tangle - good job Siraj.

[@walkingsight]

Bought ripple xrp and stellar xlm years ago and iota this year. Thanks Siraj for your video!!!

[@lucprieur2567]

Another excellent and entertaining video. Thanks Siraj.

[@weishenmejames]

Absolutely excellent IOTA primer Siraj!

[@dani.ptgh2000]

Thanks for that video! I am writing a seminar work for my school and this helped me a lot!

[@dannalicious]

Thank you so much for this tutorial!!! You are awesome!!! 😍❤️👌🏻 time to buy iotas!!

[@SirajRaval]

thank you!

[@LuisGonzalez-jx2qy]

I bought when it was at 0.8. If it wasn't for you Siraj, I would not have been able to understand anything regarding IOTA. Thank you for sharing your knowledge man :D You are awesome!

[@SirajRaval]

thanks Luis!

[@alirezagh8374]

love ur video, so many inormations thanks

[@bigdaddy-481]

yeah I like the the tangle technology vs blockchain it solves the issue of transaction cost.

[@SirajRaval]

agreed

[@justafterdark1177]

You're the best, Siraj.

[@sansyboy4181]

Get ready for a wave of BTC hodlers to downvote this video. They don't really like innovation...

[@SirajRaval]

haha this vid is getting downvotes like crazy

[@Xsbt]

LMfAO :D

[@EditaKim]

I started to understand and learn IOTA a few years ago and made some games using IOTA. I am optimistic about the future of IOTA.

[@2500204]

You sir 🍸 are too knowledgeable ! Big fan

[@2500204]

Your Videos help me with my" learn about a new thing everyday" pledge

[@dudebroepicgamer4847]

The video I was waiting for! Thank you!

[@SirajRaval]

thanks!

[@FuZZbaLLbee]

I share your enthusiasm, confirming other translations instead of mining is genius. And once the graph is big enough it will become truely decentralized.

[@samacumen]

Hi Siraj. Thanks for the great video. Learnt some new things I didn't know about IOTA. Curious what all software tools did you use to create this nice video and which OS? Many thanks.

[@densnet]

Now that people are getting to view more of technical sides about IOTA. :)

[@jordy1234]

Hi Siraj, awesome video! What website are you using in the background? I would like to read through it!

[@eliotohme1109]

man waw ure channel is just the thing i was looking for thank you

[@UAslak]

You're a fucking trooper Siraj. I have to be honest. Thought you were a bit much when I first saw your videos, but you are outputting so much good content these days, and I must commend you for that. I love the new informal style by the way. KZbin is too polished.

[@SirajRaval]

thanks Ulf!

[@StillUp2Date]

Great video Siraj, thank you for explaining this so well.

[@blained627]

great Video! The technique behind IOTA is fascinating and I guess it will be the future.

[@reymon2722]

Great video, I truly think IOTA can be a big part of our IoT future!

[@Maxxxxi86]

Very good video! Thanks man

[@mpedzi031]

Awesome videos man, very informative. I appreciate you taking the time to post these. I do have one question. What made you go full chipmunk at 9:35.?

[@richard9332]

if you have btc, eth, or ltc (or any other crypto currencies really) in actual wallets, you can to binance, deposit some coins and just trade it in for iota, it's a lot faster than depositing cash, i've been waiting for a video from you on IOTA, thanks!

[@SirajRaval]

thanks richard!

[@stephenholmes9386]

Awesome video as usual. One thing I don't really understand is that if all the nodes have to verify transactions for theirs to be confirmed, surely this is a massive issue for using it on a IoT device? Most of them won't have a lot of computational power right?

[@chicken6180]

i been ignoring these vids and just watching the ml vids but this shit is cool i gotta go back and watch all the cryptocurrency vids now

[@SirajRaval]

thanks chicken

[@adriansantos9086]

Really nice video!

[@abdellahh8991]

Siraj Raval, Thank you for your amasing informative Videos, i wanna ask you what do you think so, what will be the next biggest currency? and what currency do you recommend to buy now? i have already bought some of it (Iota, eth)

[@danielwchen0]

Thank you Siraj! I really love this video! Please make more IOTA video :)

[@bobthebuilder6715]

Scenario (This may be a dumb question/scenario, bare with me): There are 3 nodes in the network, one node makes a transaction but has to solve two transactions for it to have "proof of work" so that its transaction can be approved. Let's say there isn't any transaction at the moment except that one transaction. What will happen? Because to me, it sounds like there need to be ongoing transactions to approve transactions.

[@MichaelShellGLPA]

You rock! Thanks for making this clear. I love your passion and clarity!!!!

[@ravishankar2000]

Great job Siraj....keep making great videos

[@SirajRaval]

thanks ravishankar

[@daniilorain8830]

Thanks, nice video

Thank you for a great vid! This convinced me. Adding iota to my crypto portfolio.

[@Burilo86]

good video, you got like from me. One question though: why you didn't mention snapshoting and risk of loosing all IOTAs and also Tangle size (with difference between full node and light node)

[@larryteslaspacexboringlawr739]

thank you for iota video

[@praveen_me]

Siraj, you said you studied about IOTA just yesterday and how come you came up with such numbers? Can you please tell us your approach to how to use Google effectively? Especially when we are specific about finding something about ML, AI etc..

[@kkaluger]

absolutely beautiful video. So well said my friend...keep up the good work.

[@eav300M]

Great vid. What would i do without you!! Thx

[@akashkandpal1832]

Nice video Siraj .............we trust you :0

[@HimelPatel]

Awesome vid as usual, you have a true talent in explaining things. I think it would be interesting to do a video about hashgraph and comparing it to IOTA.

[@danielkuo8729]

Hi Siraj , Did you have make the tutorial , about how to build up the iri node in step by step?

[@rajashahja8975]

why will anyone vote down this great video ? ;-)

[@SirajRaval]

thanks raja

[@turboguzar]

Siraj you rock! Now all miners, 'lovers' and traders will start ''showing'' us how wrong are you. Who cares, IOTA tech is the most important thing after all. And for that only reason you done it great!

[@SirajRaval]

thanks hristo!

[@MrHmaamer]

Hi Siraj! I think it would be better to have a video from your end regarding hashgraph technology which is a gaining a lot of attention in silicon valley and also which is a better alternative to blockchain tech. Thanks.

[@arabelka]

All that is cool . But when i think back and forward... I would say that this currency is centralized .. How come you can verify ACID process ( account, balance, previous transaction etc.. ) with bigger scalability but no reference to check it with ? there must be some back door.... otherwise it make no sense for me. Can you pls explain ? Thank you million times ! Michael

[@MintMoar]

Hey Siraj! Great great video! If you have the time can you do a comparison between IOTA and Raiblocks? Or just a video on Raiblocks so that we can see the differences?

[@realcygnus]

good info.....u rock

[@SirajRaval]

thanks realcygnus!

[@AndreaSerra1020photography]

Hi Siraj, great video, gonna subscribe. As you say in the video, the more nodes will enter the system and make transaction, the more the transaction will be elaborated fast. But what happens if, in the future, the number of nodes and activity decrease? Also the speed will decrease?

[@jonathancamarena3117]

This is really interesting.

[@LazarNevski]

IOTA is the blockchain killer. Only crypto project I felt comfortable investing in.

[@adamfetters8019]

Could you do a video on how to create a DAG cryptocurrency? Not sure if that's on your level, i'm trying to figure it out on my own, but apparently there is a learning curve:)

[@mikelezhnin8601]

At 10:48 Siraj says with more participants the confirmation/transaction times are getting faster, but that is incorrect, they just stay the same. It is still good in terms of scalability though. Also the picture with red and green nodes is kinda wrong - for example there is a red node with no incoming edges, so it should have been gray.

[@vikasr111]

Most thorough explanation I came across so far. Thanks for putting up the effort and great work. Is there any way to access the notes you go through in the video? Do you upload them anywhere? It can be a great reference.

[@serbianuser]

Great video dude!!!

[@SirajRaval]

thanks Serbian!

[@McMarvin42]

Hey Siraj, have you looked into EOS at all? I'm not sold on IOTA but EOS looks awfully promising to me. The more I learn the better it looks.

[@fanjunhua1228]

@Siraj Raval Hi Siraj. Nice video and clear explanation about IOTA. Btw, where can I download your IPython notebook? thx

[@fanjunhua1228]

Just find it. :)))

[@marcelo55869]

I have a question: who stores data in IOTA? In BTC each miner stores the whole history of every coin... how are we going to store all this info in a network of small devices? They might even leave after getting their transaction done... who gets to coordinate where the data goes? For example, If it is stored in a distributed way like torrent, someone might leave with his part of information, the network will be left inconsistent... can someone explain how this is solved in IOTA? Will all the history be saved forever like in the blockchain? If old infomation gets deleted, after a snapshots for example, then how are we going to trace the transaction back in time to know the history?

[@SirajRaval]

snapshots are taken of the history at regular intervals and the amount of data wallets have to access drops considerably when those prunings happen.

[@malachi5813]

Love your videos man thanks! Hackers stole 4 in IOTA Tokens just a day go :(. I love the model of iota esp. for supply chains.

[@crypticnomad]

I will read the white paper and do my own research but I think this would be a very useful question. When will the coordinator be phased out and is it opensource? If it is open source where is it?

[@DaveAhl]

found this IOTA video. it is related to your "problems with blockchain" video. Well done maybe update this video?

[@alejandromoralesgonz]

Hi Siraj, thanks for the video, I would like your opinion on Hashgraph and how it does comparer to IOTA. Do you think hashgraph might end-up taking over?

[@ajzaff2]

Thanks for the video Siraj. Question: does every node need a full transaction record?

[@jm8985]

99 problems but...? Lol. Great video again Siraj!

[@elisayao668]

Thanks for the video, Siraj! Hello from a new Patreon :) Would like to know more about NEO and Ripple.

[@petermsamson]

Ok, I just recently moved bitcoin between two wallets. It's not 10min it's more like 120min. I even lost the value of my bitcoin during the transaction process (bitcoin dropping in Value). Crazy, including a $27 fees on $197USD... LOL... Be very carful people..! IOTA is the future, not bitcoin..

[@LimLux]

The Chalmers University in Sweden is about to "build/make/create" the fastest quantum computer so far. I maybe should try to get in there and mine at nights.

[@SirajRaval]

agreed

[@rogerwilliams8329]

finally something that is gonna make me rich

[@BeautyOfAI007]

Nice video. Where can I get your PPT?

[@daaaniel21]

How do you prepare so fast man I think you should also make a course on making education vids on YT

[@MrToman00]

student in last year of school without a job here, just got some cash for giving maths grinds to a lad younger than me for 30 mins, got 40 euro and straight away got IOTA with it.

[@SirajRaval]

invest in yourself

[@jazzpote4316]

Awesome. Would be cool to do the same with Hashgraph, how does it compare is not very clear to me

[@veselskapravnicka5111]

As somebody who mines ETH and holds BTC, ETH and IOTA I have to admit that IOTA is without any doubt the best of them all. I think that Bitcoin can still rise 100 fold, but the basic concept of crypto mining is just ridiculous. Not even taking into account all the other cons of these cryptos. Siraj, I love your videos, please don't care about dislikes on this video, those are just from miners and people who heavily invested into classical cryptos.

[@sk3097]

Awesome, very helpful!

[@guilhermecaeirodemattos]

The explanation was a bit confuse, but worth it. One thing I would like to ask is: how hard is the Proof of Work IOTA uses? If we have something like the one in Bitcoin, we wouldn't get rid of the centralization problem, because the processing power required would be very high. Also, if it is something that can be processed in a smartphone, but that takes a long time to finish (in other words, something that takes more than a few seconds), people would still use faster, dedicated services, like Coinbase wallets, to store coins and create transactions, what would also lead to centralization.

[@modelmark]

How do you sweep this Dag when you have a private key and want to know how much funds it holds? Are all transactions stored by each node? If not, how to collect that data? Does that have a bandwidth bottleneck?

[@mickhua2716]

Hi Siraj, Awesome Video! Love your work. Can you do a video on Hashgraph?

[@PhantomTD]

Thank you for a great video!

[@brotherlui5956]

What if the only means of Iota is to collect Btc? Is the xchange rate iota/btc the same as btc/iota? Or would i loose money?

[@Gman7953]

Was afraid of the clickbaity title, but the video is so much more than that ! Thanks for the insight ! Can you release that document you used to do this video ? That would be greatly appreciated !

[@brentwilliamson7590]

I was hoping to learn how validation occurs. I'm still lost. When you make a transaction and have to validate 2 other transactions, how can you tell if another transaction is valid? How can it tell if someone else is double spending?

[@keithmclean7603]

Can you do a video on ITC? It's been rising quite a bit over the past two weeks.

[@Mrgreatestfreakout]

Siraj, I'm finding it very difficult to buy IOTA right now because I cannot register any of coin platforms have disabled account registrations. How do you buy IOTA right now?

[@midsummerstation3345]

iota is future , future is iota

[@allurbase]

Bitshares has been tested to 4k tx per second which is 2 times VISA and also has a distributed exchange (DEX) maybe you'd like to give it a look. All the love from latam.

[@SLiCeDx]

Awesome video. Please put an update on the video letting people know that you do not need bitcoin to buy IOTA. You can also use Ethereum and litecoin. Also,for people in the U.S, Binance is the prefered platform.

[@jakemoriarty6129]

I'm not the most technical person but, like many others, I'm learning a lot right now. My questions is this. Iota claims to be quantum resistant. If this is true why do they need the coordinator?

[@sonofdarvin]

I always say, People will freak out when they'll know about the scalability issues of the Blockchain. Tangle is the best solution. But what do you think Siraj, is it valid to worry about IOT devices selling our personal data to companies?

[@maticpetric5793]

The idea is that the owner of the device will either sell or not provide personal data. The companies are going to pay the user for the data that will help them to improve the products. For example, a major problem in washing machines these days is that the energy lost through vibrations is not minimal. With the data provided by the user, the company will figure out the needed kinks to make a product better.

[@dynamikelement]

Plus if you dig into it a little bit further. IOTA is also running the data marketplace initiative. The data marketplace is a huge project. The point being that in the near future, you will own all of your data. You can choose to sell different aspects of it on the marketplace. Meaning google and facebook are no longer the data kings. 2017, more data collected this year that the last 5000 combined. 99% is wasted and that little percentage that is used goes toward feeding people consumer goods, inflating egos and fueling bias.

[@SirajRaval]

what matic said