According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.

Potential security pitfalls are yet to be discovered and their long-term success remains to be seen.

At the root of IOTA’s innovation is that helping others grants access to the protocol: one can only post a transaction by confirming the transactions of others.

The project, dubbed Andiami, blends game theory with cutting-edge hardware, to bring blockchain computers to a wider audience.

Basically, what Vitalik calls Stage 1 is what I’m looking for. But here’s my opinion of Stage 1.