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IOTA (MIOTA) Boldly Developing with Volkswagen

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IOTA represents one of the most unique assets in the market mostly due to its revolutionary blockless blockchain inspired system called Tangle. Thanks to this unique blockless technology, IOTA is able to showcase all the potential contained in the Internet of Things, promoting IoT as the economic ecosystem of the future.

Although being a pioneer in the mass adoption of digital assets and block technology with having the first crypto charging station for electric vehicles that went live months ago in the Netherlands, MIOTA seems to be having a rough time in the market for the past two months.

Despite the recent drops and the rough time in the market, IOTA seems to be doing great in the terms of taking steps towards further technological improvements, while presenting one of their most recent achievements that came out as a product of IOTA Foundation/Volkswagen partnership – autonomous cars.

IOTA and Volkswagen Present Autonomous Cars

Volkswagen partnership that IOTA has acquired not that long ago maybe stands for one of the strategic moves of the IOTA Foundation that could be marked as crucial for the further integration of Tangle into the real-life purpose.

Volkswagen has recognized a great potential in IOTA’s Tangle, given the fact that MIOTA’s network is based upon DAG, which allows this network to function without the need of blocks or miners.

Volkswagen and IOTA have most recently announced that they will be demonstrating Proof-of-Concept, otherwise known as PoC or even as Proof of Protocol, in order to demonstrate the power of this protocol.

The purpose of PoC on this occasion will be focused on enabling autonomous cars as powered by the network Tangle.

The live demonstration was held at Cebit Expo which was held in Germany a couple of days ago, where Proof of Concept by IOTA’s Tangle showed to be an efficient model for enabling the concept of connected cars with available smart apps that run on a blockless solution as provided by IOTA.

The demonstration showed as truly a success, so Volkswagen stated that they are very positive about using IOTA’s technology in order to create smart autonomous carts that are connected to the Internet of Things.

Volkswagen further added that they will be working with IOTA in order to bring the smart car economy to life, where it is expected to have approximately 250 million vehicles that are to be connected through this process in the course of the next two years.

More from IOTA and Volkswagen

Besides from working together with Volkswagen to enable the development t of the smarty car economy where over 250 million cars are expected to join the project by the end of 2020, IOTA is said to be working on more projects with this company.

Being one of their crucial partners while promoting Tangle as the premium solution for the autonomous car industry, Volkswagen should have IOTA joining Mobile as a Service, otherwise known as MaaS.

Although the project has been confirmed, it is not yet certain when the initial start of the project will occur or when the finishing “product” will be available for the public.

What is known for now is that IOTA might be used as integration for MaaS where its technology would be used for different smart car services that would include making payments, bookings and more.

IOTA’s Citizen Card to come out in 2018

If you take a look at MIOTA’s charts for the last two months, IOTA doesn’t seem to be doing pretty well in the market with having -26% against the dollar in the course of the last two months while losing -36% of its value during the course of the last 30 days.

However, although timid in the market, IOTA seems to be working on new developments full steam. That is how it was announced yesterday on June 15th, that IOTA will be releasing ID Citizen Cards during the current year of 2018.

It was announced earlier this year that the capital of Taiwan, Taipei, will be joining forces with IOTA in order to bring a new system for identification into the use.

With the most recent updates, it has been stated that the citizen cards with a newly developed identification system should become available for the citizens of Taipei during the current year.

The identifications system will be using IOTA’s unique protocol as powered by Tangle, and it will at the same time mark a cornerstone of another successful integration of crypto technology into real life purposes, making identification process simpler and easier.

Taipei is aiming to become a smart city powered by blockchain technology (in the case of IOTA, blockless technology), so in collaboration with BiiLabs, IOTA is working on developing settlement and forensic systems in addition to already having a project called Air Box, which should work on regulating the quality of air in Taipei. Air Box is going to be made in form of a small device that would be installed in multiple homes across Taiwan’s capital.

IOTA Gets another Listing

IOTA has been acting sluggish in the market for the past couple of weeks, but even despite that, this promising asset just got another listing.

As announced by BitPanda and IOTA, the asset has become available for live trading on the mentioned exchange on June 14th.

As stated by BitPanda exchange, IOTA earned its spot as per the request from the users of the exchange platform.

Currently ranked as the ninth-best currency, BitPanda makes one of the 12 exchanges that had MIOTA listed.

During the last 24 hours and despite the latest developments and the most recent listing, MIOTA is still seen dropping against the dollar today by over -5%, while being traded at the price of 1.20$.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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