IOTA Support

We're excited to announce that Dfns now supports the IOTA blockchain and its native token, IOTA, as a Tier 1 blockchain. This means developers, fintech innovators, and financial institutions can now access IOTA's unique distributed ledger technology with the strong security and advanced features of Dfns' wallet services. In this post, we'll cover what this Dfns-IOTA integration includes, how it works, and the new opportunities it brings for users.

What is IOTA?  

IOTA is a new type of distributed ledger built for the Internet of Things (IoT). Unlike typical blockchains, it uses a technology called the Tangle—a Directed Acyclic Graph (DAG)—which allows for feeless transactions and unlimited scalability, essential for IoT needs. IOTA’s network supports high transaction speed and low resource use, making it perfect for applications like supply chain tracking, smart cities, and industrial automation. The IOTA token powers transactions and helps secure the network.

Key concepts in IOTA

Before getting into the Dfns integration, let’s go over some basic IOTA concepts:

• IOTA: The main token of the IOTA network, used to enable transactions and secure the network.
• Tangle (DAG): IOTA’s Tangle is a Directed Acyclic Graph (DAG) where transactions happen in parallel, not in sequential blocks. This structure allows for feeless transactions, faster processing, and a highly scalable network that supports a large number of micro-transactions. The Tangle design is well-suited for the Internet of Things (IoT), where devices can easily connect and trade data or value.
• Feeless Transactions: Unlike many blockchain networks, IOTA transactions are free of charge, which removes the costs tied to each transaction. This enables new IoT applications that rely on frequent micro-transactions without the burden of high fees.

How Dfns enhances IOTA 

By integrating IOTA as a Tier 1 blockchain, Dfns allows developers to interact with IOTA's Tangle network using MPC-secured wallets, adding more security, decentralization, and ease of use. Through this integration, developers can:

• Transfer IOTA: Securely move IOTA tokens between wallets, protected by advanced security.
• Broadcast Transactions: Send transactions on IOTA’s Tangle network via the Dfns platform.
• Check Balances: Access IOTA balances directly in Dfns wallets for a clear view of assets.
• Generate Signatures: Create ECDSA signatures for secure, authenticated IOTA transactions.
• Webhooks: Get real-time updates on Tangle events and transactions using IOTA’s data indexing.

This integration brings IOTA’s unique speed and scalability to the Dfns platform, strengthening security while making it easier for developers to work within IoT and beyond.

Secure Access to IOTA  

The Dfns-IOTA integration opens up new possibilities for developers, fintechs, and institutions to build secure, efficient IoT solutions—from smooth fund transfers to advanced decentralized apps. With the added security of MPC wallets, organizations can innovate with confidence, knowing their digital assets are safeguarded. Our aim is to provide secure, seamless blockchain access, letting developers focus on creating IoT solutions while we handle the complexities of blockchain interactions.