Nowadays, cryptocurrencies are crawling more and more people with ambitious visions for the future. We all picture the modern future as a time when the Internet of Things (IoT) will dominate in every possible way.
There are many examples of IoT as a great technology connected to a variety of devices. For example, a wristband on your wrist can detect sweat whilst you are running and turn on the water heater in your home. In another example, a sensor on your milk carton in the refrigerator can notice that you are down to the last cup and send you a notification that you need to buy some milk (or order it directly online).
One of the cryptocurrency projects that are focused on this (improved) reality is IOTA. What started as a small project is garnering quite a bit of attention lately – only because of the massive potential of the Internet of Things as a technology.
In other words, IOTA is a great way to disrupt the silos of the currency centralized system as well as streamline business in terms of its time and cost. According to the co-founder of IOTA David Sonstebo:
“The obvious thing is that [IOTA] is the first project that went beyond blockchain. Got rid of miners. In the process we solved the main pain points of transactions – no fees.”
With a team of 150 developers, cryptographers and others that keep their stories straight, IOTA has managed to gather $4.43 billion in its market cap. The current price of IOTA is around $1.65, up from $0.36 in June last year.
Still, there are several problems that are pointed out towards IOTA – and a couple of holes. All of the negativity started in September after an investigation which found a vulnerability in the project’s code.
Still, IOTA developers are confident and always manage to find solutions. Even though there have been many attempts to break down IOTA, it keeps on rising and now sits in the top 10 largest cryptocurrencies by market cap (holding the 9th position).
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
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- Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
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- TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
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