3. Q is not related to a Bosch announcement.

4. Q will make IOTA moon further than BCash. Meaning IOTA will move 5x its current market value. (When moon?)

David Sønstebø

Leading the IOTA Foundation, a German non-profit organization, dedicated to push human progress forward and the man with a plan. Well there are several plans:

IOTA should not be considered an alternative coin (altcoin) to existing cryptocurrencies such as Bitcoin, rather it is an extension of the growing Blockchain ecosystem. It’s meant to work in synergy with these other platforms to form cohesion and symbiotic relationships. IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real time micro-transactions without fees. Given that IOTA is primarily meant to act as the transactive token without ‘heavier features’ such as Turing complete smart contracts, it’s designed such that it can communicate to these other blockchains. This means it can trigger smart contracts such as smart property via acting as an oracle for platforms like Ethereum or Rootstock . On top of this it can provide additional securities for these platforms via checkpointing the transactions in these networks. Published November 17, 2015

This is one of the earliest posts about IOTA that I found. It introduces IOTA to the world and David’s vision for the project. IOTA can be seen as an extension to the distributed ledger space to enhance it. There aren’t any maximalists at IOTA and they want to coexist with Bitcoin using Rootstock and Ethereum for their smart contract functionality. The gif above was from that same post as well.

Enter IOTA eXtension Interface (IXI)

IOTA’s Modular Layers Extending Functionality. Published March 31, 2017

From the image above we can see “Modul Q”. Which is meant to extend the Tangle’s functionality. In the same blog post written by David you can see the stages of development for each module. But we learned more information about Q through this post.

5. Q is an IOTA eXtension Interface module.

Something really interesting was the development stage of IOTA’s Oracles.

IOTA’s Oracles Development Stage. Published March 31, 2017

IOTA has been working on oracles for about a year now and there hasn’t been a release about oracles yet. A lot of speculation about Q deals with Qubic, which sounds a lot like IOTA on it’s own, or JINN ternary processors but nothing oracle related. If oracles have been developed for a year and they were in an “Advanced development” stage a year ago, then these oracles must be of incredible importance.

6. Q is one of THE biggest things to come to the IOTA project.

Dominik Schiener (Dom)

Dom has been starting companies since 2012 and has been in the blockchain space for a while. He actually tried to develop a fiat ←→ cryptocurrency exchange in Switzerland but it did not come to fruition. I am sure Dom learned various lessons from his failures and used them to found IOTA and the IOTA Foundation. Dom wrote a blog post where the following elements were presented:

IXI Modules to be Launched. Published May 21, 2017

Of the IXI modules released, we have seen Flash Channels and Masked Authenticated Messaging be released. The IOTA Foundation is working on Permanodes, which is a node that retains all of the Tangle’s transactions without snapshots trimming down the ledger, but the Oracle is more advanced in development from David’s post stated earlier.

Our approach to Oracles will make it possible to directly form oracles on top of IOTA. This is unlike anything that’s currently being used in this space. With our Oracle platform we not only aim at connecting the physical world with IOTA; but we also want to enable true interoperability with all other Blockchain platforms. Published May 21, 2017

Interoperability is key.

Working With Other Blockchains. Published May 21, 2017

We are not maximalists and believe in the future of purpose-specific technologies. Because of that, we are working actively on interoperability with existing Blockchain technologies and communities. Right now the main focus is on EVM-based Blockchains (Ethereum, RSK, Qtum) and Hyperledger. With the release of our new Oracle platform we envision true interoperability with many more projects in this space. Published May 21, 2017

IOTA working with other blockchains to possibly integrate cross-chain smart contracts? What does an oracle do anyway? Where is the progress with these integrations?