Appeared in IOTA, the digital currency is completely different from the existing virtual currency, promising to replace Bitcoin
Startup virtual currency IOTA has partnered with Microsoft, Fujitsu and more than 20 other companies to launch the first freely accessible data market for the Internet of Things.
What makes this market noticeable is the complete use of distributed ledger ledgers.
Allowing holders to share, make money from their data safely, this initiative is trying to prove that there is a data market that cannot be stolen. When uploaded to IOTA's non-central ledger, all data will be distributed to many points (nodes) to ensure that it cannot be changed.
IOTA is currently the 9th largest currency in the virtual money market based on the market value of Coin Market Cap, with a market capital value of $ 2.95 billion. It is worth noting that IOTA uses a very interesting new technique to distribute and decentralize the ledger.
See also: What is Blockchain? Bubble or real revolution after the Internet?
Unlike blockchain technology used by many companies, IPTA uses a method called Tangle . IOTA founders Dominik Schiener and David Sonstebo say that compared to the blockchain, Tangle brings free deals and opportunities to expand than. Those who are curious about this new method can review the demo here. https://tangle.blox.pm/
'We are very happy to announce the launch of this new data market,' Sobstebo said. 'It will serve as a catalyst for a new research model, AI and decentralized data'.
IOTA - data market for IoT devices
Besides Microsoft and Fujitsu there are other well-known companies participating in this demo such as Deutsche Telekom, Bosch, Accenture or PwC.
The demo of this market will start running from January. IOTA also promised to post a series on blogs that share real-world cases that companies and individuals can benefit from this technology.
Ordinary people can sell data up here by connecting their IoT device to the IOTA ledger, thereby making money from data like the weather . Initially, the data will have horizontal value. each other, but in the future there will be an auction system and how to choose more complex prices.
See also: Internet of Things - IoT or What is the universal connection network?
You should read it
- Test of knowledge about Bitcoin
- How to dig virtual money on iPhone with MobileMiner
- US $ 1.7 billion of electronic money was beaten by hackers in 2018
- In a week, the number of people downloading Coinbase was twice as much as Instagram
- 14 cryptocurrencies, the most popular digital currency today
- Does virtual currency become Israel's national currency?
- US lawmakers formally requested Facebook to suspend the Libra electronic money project
- What is the decentralized application (DApp)?
May be interested
- Test of knowledge about Bitcoinbitcoin is the most valuable digital currency today, which contains many interesting things as well as a long story behind it.
- The future of the virtual currency and bitcoin industry will be more favorable if Former President Donald Trump is re-electedwhile the administration of us president joe biden and ms. kamala harris is unpopular with virtual currency companies, opponent donald trump has supported virtual currency and promised to introduce easier policies.
- Prosecuting two directors of virtual money bitcoindirector of two virtual money trading enterprises (bitcoi) in khanh hoa has officially been prosecuted by the provincial police for 'illegal trading', with the act of exploiting and trading virtual currencies.
- What do you know about Ethereum - Bitcoin's rival?currently, bitcoin's most formidable competitor is ethereum, please join tipsmake.com to learn about this digital currency!
- What is Bitcoin? Why is Bitcoin not 'virtual money'?what is bitcoin? why do hackers use it? is bitcoin a virtual currency?
- The exchange crashed, turning many virtual currency investors into USD billionaires in a few hourson tuesday, the price of virtual currencies on some exchanges just increased to an absurd level, turning many investors into usd billionaires. for example, the price of bitcoin rose to $789 billion in a short period of time.
- Life inside the 'Bitcoin mines' secretlylet's visit a bitcoin mining mine in china to see how everyday people work to find these virtual coins.
- Hackers are targeting Bitcoin virtual moneysecurity firm kaspersky on december 26 released a report on the security situation in 2013, and raised concerns about hackers' tendency to attack bitcoin virtual currency in the coming time.
- How to mine Bitcoin and earn Bitcoin for beginners from A to Zbitcoin is the virtual currency with the greatest value today. however, to earn bitcoins you need to use a computer to mine them on software. this takes place completely automatically. therefore, if you are new and are learning how to mine bitcoin, you can refer to the detailed instructions in the article below and follow along.
- What is Bitcoin faucet? What is Bitcoin faucet?what is bitcoin faucet or bitcoin faucet? bitcoin faucet is bitcoin faucet, reward system, in the form of website, application. these bitcoin tubes will distribute rewards in satoshi format, a bitcoin currency, for visitors who have completed captcha or tasks requested by the website.