Info : A Platform for the Internet of Things (IoT)
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#1
IOTA 
Quote:Tangle, a cryptocurrency developed for the Internet of Things, will allow companies to explore business-to-business models by making technological resources potential services to be traded in an open market.

The Tangle ledger can settle transactions with no fees, allowing devices to trade exact amounts of resources on-demand. The devices can also store data from sensors securely and verified on the ledger.

Existing Systems’ Drawbacks

The Tangle project began in mid-2015 aimed primarily at Internet-of-Things for machine-to-machine payments and data integrity. The founders realized that Internet-connected devices need a way to do settlements and data transfers securely in order for IoT to work.

One drawback of existing cryptocurrencies is the impossibility of making micro-payments, which have increased in importance with the rapidly developing Internet-of-Things industry, the Tangle white paper [PDF] noted. In the available systems, one must pay a fee for making a transaction. Hence, transferring a very small amount makes no sense since there would also be a fee which can be many times larger. At the same time, it is not easy to get rid of the fees since they serve as an incentive for the creators of the blocks.

Existing cryptocurrencies are also heterogeneous systems with a clear separation of roles (transaction issuers, transaction approvers). Such systems create unavoidable discrimination of some elements which in turn creates conflicts and spends resources on conflict resolution.

IOTA Use Examples

IOTA use examples include:

1) Sensors selling data in real time to computational stations.
2) Sensors buying analytical capabilities of computational stations.
3) Consumers buying electricity from any kind of electricity generating prosumer.
4) Devices buying storage space.
5) Devices buying bandwidth on demand, with no need for subscriptions.
6) Ensuring data integrity for IoT devices.
7) Ensuring tamper-proof event logging for any kind of infrastructure.
8) e-voting and e-governance.

A fog computational station, for instance, can sell its analytical capabilities to sensors and then use the sensors’ payments to buy electricity from a smart grid.

“I don’t see IoT really working on a large scale without IOTA or equivalent due to the security requirements and absolute necessity of interoperability,” Sonstebo said. “However, IOTA is an agnostic protocol, so even though we made it specifically to act as the ledger-of-things for Internet-of-Things, we already now see it being adopted in several other areas. Fintech is one example, due to IOTA being the first protocol ever to allow digital transfer of funds without any fees or trust it opens up a whole new realm of opportunity wherever transactions occur.”

“Similarly due to IOTA’s unique ability to act as a medium for data transfer that ensures data integrity for free, we see it being explored heavily in areas where this is important, such as e-health, connected vehicles, critical infrastructure and supply chain.”

Read more at CryptoCoinNews
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#2
Thanks , would you recommend IOTA or NEO more ? I am currently holding a bunch of Ethereum but think it might be wise to diversify a little bit for the year 2018.

I see IOTA has already had some massive gains , I fear I may be too late to that party.
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#3
(12-03-2017, 06:41 PM)Decentralized Investor Wrote: Thanks , would you recommend IOTA or NEO more ? I am currently holding a bunch of Ethereum but think it might be wise to diversify a little bit for the year 2018.

I see IOTA has already had some massive gains , I fear I may be too late to that party.

I hesitate to answer that personally, as I am not an expert - but a simpleton speculator like most other people. If you're looking for the long hold through the year, I'd probably lean more towards IOTA. The internet of things and machine to machine m2m transaction model could be really explosive for our tech-enriched future. If I understand correctly, IOTA will eventually implement smart contracts and "modules" which will allow it to perform as a currency, I know there are big banks in discussions about something like this right now.

I have a 2018 aim for IOTA of well over $5 stable, if not $10+.

It's also quantum resistant, which means - on a long enough time span, IOTA could potentially replace all other blockchain-based cryptos.
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#4
You're really on an IOTA kick lately, huh?

I admit one of those videos I saw on the Blawks twitter was very intriguing, regarding the tangle vs blockchain.
The Ethereum killer is Ethereum, the Ethereum of China is Ethereum, the Ethereum of Taiwan is Ethereum... 2.0
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#5
(12-03-2017, 11:26 PM)EtherWin Wrote: You're really on an IOTA kick lately, huh?

I admit one of those videos I saw on the Blawks twitter was very intriguing, regarding the tangle vs blockchain.

Yeah bro, I'm thinking IOTA will be the key to my retirement at the age of 40.
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#6
(12-04-2017, 12:02 AM)Rox Wrote:
(12-03-2017, 11:26 PM)EtherWin Wrote: You're really on an IOTA kick lately, huh?

I admit one of those videos I saw on the Blawks twitter was very intriguing, regarding the tangle vs blockchain.

Yeah bro, I'm thinking IOTA will be the key to my retirement at the age of 40.

Do you think at some point IOTAs will be traded as like.. KIOTA instead of MIOTA?

I mean you get 1,000,000 IOTAs for about $2 right now.. in 5 years maybe 1 MIOTA will be like $100 and exchanges will sell smaller quanitites?

I wonder.. it's interesting that you buy one million at once.
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#7
(12-04-2017, 12:24 AM)Decentralized Investor Wrote:
(12-04-2017, 12:02 AM)Rox Wrote:
(12-03-2017, 11:26 PM)EtherWin Wrote: You're really on an IOTA kick lately, huh?

I admit one of those videos I saw on the Blawks twitter was very intriguing, regarding the tangle vs blockchain.

Yeah bro, I'm thinking IOTA will be the key to my retirement at the age of 40.

Do you think at some point IOTAs will be traded as like.. KIOTA instead of MIOTA?

I mean you get 1,000,000 IOTAs for about $2 right now.. in 5 years maybe 1 MIOTA will be like $100 and exchanges will sell smaller quanitites?

I wonder.. it's interesting that you buy one million at once.

That's an interesting though, I'm not really sure on the longer outlook.. although $100 would be blimey perfect. I'll take it!
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#8
that 60% run really made my day yesterday

/feels good
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#9
(12-05-2017, 06:57 AM)Rox Wrote: that 60% run really made my day yesterday

/feels good

No joke man, I can't believe it's still going.

I'm wondering if I should chase this FOMO, maybe someone knows something we don't ?

At this pace we will hit $10 by end of year!

GO tangle!
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#10
(12-06-2017, 03:37 AM)Decentralized Investor Wrote:
(12-05-2017, 06:57 AM)Rox Wrote: that 60% run really made my day yesterday

/feels good

No joke man, I can't believe it's still going.

I'm wondering if I should chase this FOMO, maybe someone knows something we don't ?

At this pace we will hit $10 by end of year!

GO tangle!


Oh I think $10 by end of next year will be easy. The only thing is - is that limiting the potential crypto gains? There are going to be a lot of opportunities, and sure anyone would be incredibly happy to double their investment in one year - but crypto is capable of so much more than that right now.
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#11
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