All ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events
Join

Bitpanda Announces Full Support For IOTA Wallet And Hub - IOTA News. Tuesday, October 2nd

02 october 2018, 22:16 by Jesús S. Affigne

Bitpanda announces full support for IOTA wallet and Hub

Withdrawals and deposits are now available for its users

Retail cryptocurrency exchange Bitpanda has recently announced it has added full support for IOTA wallets. The announcement was made via the exchange’s official Twitter account. “We’re happy to announce the full wallet integration of @iotatoken on Bitpanda! We worked closely with the #IOTA Foundation and Bitpanda is one of the first companies to use IOTA Hub,” reads the tweet.

According to their blog, the platform is not only adding withdrawals and deposit functionalities for the DAG’s coin, but also adopted IOTA Hub – a developer-friendly API created to facilitate integration of IOTA in exchanges, by offering a standardized, open-sourced solution to several issues, such as no double signing due to database constraints, seed management, confirmation and deposit address monitoring, and reattachment or repromotion of bundles.

Aditionally the new project by the IOTA Foundation supports externally signed transactions, meaning that the Hub is able to access the database, but not to the salt. This way, an attacker that is compromising only one system has no means to completely take over the funds stored in the exchange.

Head of Engineering at IOTA Foundation Edward Greve, said that they have a pleasant time working alongside Bitpanda, noting that the dev team was able to implement this technology with almost no help – a testament of how easy is to use the Hub, says Greve.

For his part, Christian Trummer, CTO and Co-Founder of Bitpanda commented on the experience the team behind the exchange had when working together with the IOTA foundation. “First we started on our own, but we soon decided that we want to switch to the official IOTA hub from the IOTA Foundation. With the integration of the IOTA hub we are prepared for future IOTA changes and updates.”

He also revealed that thanks to their collaboration, the aforementioned technology saw some optimizations that ultimately led to its production.

The blog stresses that Bitpanda has become one of the first companies that has fully adopted the IOTA Hub. As of yet, it has become the second exchange to make full use of this technology – the first one being South Korean major crypto exchange UPbit, announced on August 3, the same day the Hub was introduced by the foundation.

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.

You may also like

Comments

Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox