{"id":17160,"date":"2019-09-18T00:00:00","date_gmt":"2019-09-18T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/iota-miota-iota-foundation-announces-chronicle-its-official-permanode-solution\/"},"modified":"2019-09-18T00:00:00","modified_gmt":"2019-09-18T00:00:00","slug":"iota-miota-iota-foundation-announces-chronicle-its-official-permanode-solution","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/iota-miota-iota-foundation-announces-chronicle-its-official-permanode-solution\/","title":{"rendered":"IOTA [MIOTA] \u2013 IOTA Foundation Announces Chronicle, Its Official Permanode Solution"},"content":{"rendered":"<p style=\"text-align: justify\" align=\"center\">Germany-based distrusted ledger tech foundation IOTA has released its solution to permanodes\u2019 limited data storage challenges called the <strong>Chronicle<\/strong>, a Tuesday <strong><a href=\"https:\/\/blog.iota.org\/introducing-chronicle-a-permanode-solution-8e506a2e0813\" target=\"_blank\" rel=\"noopener\">announcement<\/a><\/strong> on their blog revealed.<!--more--><\/p>\n<p style=\"text-align: justify\" align=\"center\"><strong>Permanodes are validation nodes on the IOTA blockchain and for a long time they suffered from data storage issues which prompted IOTA engineers to launch a temporary solution of taking <a href=\"https:\/\/blog.iota.org\/iri-1-6-0-with-local-snapshots-out-now-fc4d991faba8\" target=\"_blank\" rel=\"noopener\">local snapshots<\/a> of the blockchain.<\/strong> This allowed these nodes to store a section of the blockchain while taking a snapshot of the whole blockchain. This way the data storage space was reduced but this also introduced another challenge. Data stored on the blockchain is of a wide variety and there are some devices that require their data to be stored in the nodes for a longer period and be able to access it at any time without having to download that data every time they needed it.<\/p>\n<p style=\"text-align: justify\">And therefore <strong>Chronicle<\/strong> was conceived.<\/p>\n<p style=\"text-align: center\"><em> <a href=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/chronicle.jpg\"><img decoding=\"async\" class=\" wp-image-204181 alignleft\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2022\/12\/chronicle.jpg\" alt=\"\" width=\"227\" height=\"212\" \/><\/a>\u201cChronicle is the IOTA Foundation\u2019s official permanode solution,\u201d <\/em>the announcement states. <em>\u201cIt makes it easy for node owners to store all IOTA transactions in a fast, secure, scalable, and distributed database. Chronicle is used to store the unbounded data flow of the Tangle and make it queryable. In other words, a permanode enables indefinite storage of the Tangle\u2019s entire history and makes that data easily accessible at scale.\u201d<\/em><\/p>\n<p style=\"text-align: justify\">The most unique thing about Chronicle according to IOTA is the possibility of businesses are IOTA blockchain users to sell their <strong>Tangle<\/strong> data through the <em>\u201cQuery as a service\u201d<\/em> innovation. This means that you can monetize your data and sell it to the IoTs or other individuals and businesses on the network.<\/p>\n<p style=\"text-align: center\"><em>\u201cWith some minor additional development, node owners could earn money by charging IOTA tokens to access historical Tangle data.\u201d<\/em><\/p>\n<p style=\"text-align: justify\">IOTA plans to further develop the Chronicle software and make it compatible with other IOTA applications such as<strong><a href=\"https:\/\/crypto-economy.com\/iota-miota-iota-foundation-releases-the-trinity-wallet-for-all-major-platforms\/\"> Trinity wallet<\/a> <\/strong>and the upcoming <strong>Bee<\/strong> node software. Chronicle will soon be ported to IOTA\u2019s runtime development language Rust in order to run alongside the Bee software.<\/p>\n<p style=\"text-align: justify\">It\u2019s worth noting that Chronicle is still not yet rolled out to the mainnet as more test need to be done to ensure its security and operability in actual real-life situations. The code will be audited by a third party entity before the software is rolled on to the next stage of implementation. In addition to this, IOTA Foundation says that it will be providing grants to anyone who wishes to develop and expand the capabilities of the permanode implementation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany-based distrusted ledger tech foundation IOTA has released its solution to permanodes\u2019 limited data storage challenges called the Chronicle, a Tuesday announcement on their blog revealed.<\/p>\n","protected":false},"author":4,"featured_media":17162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74,77],"tags":[4729,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/17160"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=17160"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/17160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/17162"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=17160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=17160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=17160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}