What is "Snapshotting" in IOTA? - 快照steemCreated with Sketch.

in technology •  2 years ago

iosnap.jpeg

A snapshot is done to prevent the Tangle (DAG) from expanding too much in size. Snapshotting saves all the balances, while removing the history and data of all the transactions to start fresh. These addresses with balances act like a new genesis address, but no previous history or data will be attached. The image below shows some tips of the tangle in grey, which demonstrates the "new" genesis addresses on the tangle right after a snapshot.

iosnappshot.jpeg

Why do some people still manually "claim" Iota?

There are different claiming periods that have taken place in Iota. First investors could claim their genesis balance from the original ICO in 2015. When a major feature or design change is implemented, a faily long claiming period after a snapshot is the result. If you are used to the traditional blockchain, think of it as beeing similar to a fork, where you would afterwards claim your tokens. This is mainly because your seed will not be fully compatible with the old seed and addresses, after a protocol change or feature upgrade.

As long as there are no major design changes, claiming processes will not be needed in the future. Nevertheless, Iota is still in the in the beta phase of development, and one cannot fully exclude that possibility from occuring. Regardless do not be worried, as Iota gives various announcements in advance, and claiming windows are quite big so the chance that you miss them is very unlikely.

If you like my article make sure to upvote or resteem and follow me here for original Iota content daily:)

Iotaforall

io677777.jpg

Article Info & image sources: www.iota.org

Channel Donations: XQGDCSOQRLTLBLIKRVQGNPQRJYLUUNOUEHVWDFQWIZ9HWPOMTHTIGKEPQHQCRMINZFPCCDMHYUKQFWTQMMFLPTJGUG

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

looks like IOTA is going up in the market.

·

Yes Jon lots of sideways action the past weeks. Now it's time for the Phoenix to rise:)

·
·

what price can we expect for the next summer...?

·
·
·

i dont like to speculate on price but 5-7 billion in marketcap is possible until christmas:) dont nail me down for that statement. Iam a believer in Iota:) might take a bit longer this is just the very beginning.

·
·
·
·

thank you, "this is just the beginning"...thats what i think too

I can see that is possible to put on the website the IOTA address (with Tangle announcemement) for donations. So it means it is possible to multiple pays on the same address.

And my question is: where (like on blockchain) can I find all these transactions listed of the donation address?
And is there any API to get (ie. to GoogleSheet) the transaction result from this donation address?

·

You can receive as much as you want to an address, but after spending once from the address, don’t spend again from it. To track your transactions you can check out https://steemit.com/iota/@steemhoops99/iota-cool-useful-tool-to-track-your-transactions or use the tangle explorer http://www.iota.tips/ it works a bit different than on blockchain. About the API i would go to the official slack. You will get insight help with that very easily:) Still making a guide for the tangle explorer so stay put for that:)

This post received a 3.2% upvote from @randowhale thanks to @steemhoops99! For more information, click here!

I am Groot! :D