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IOTA is a revolutionary new transactional settlement and data integrity layer for the Internet of Things. It’s based on a new distributed ledger architecture, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. For the first time ever, through IOTA people can transfer money without any fees. This means that even infinitesimally small nanopayments can be made through IOTA.
IOTA is the first thing that got me interested in cryptocurrency space. It seemed like true improvement on blockchain which has reached its scalability limits already in its infant stage. Architecture of Tangle is such that it will become faster with scale.
So, I decided to implement IOTA library functionality in Ruby. After few days and many cups of coffee, result is out there. Couple of days ago, first version of ruby gem was open sourced on Github with MIT licence.
A few developers are currently testing this library and any bugs found during this are being fixed. CoinFalcon, A zero fees cryptocurrency exchange, is currently integrating iota-ruby gem to implement IOTA deposit/withdrawal processing. I’ve also created Tangle Explorer — http://iotatangle.websitewhich uses ruby gem to query Tangle.