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IOTA (MIOTA) Finds a “Real Life” Purpose with Elaad

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IOTA
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IOTA is currently in the middle of the recovering phase along with the rest of the crypto market. The majority of currencies are currently going up in the market with some of those cryptos showing an astonishing pace of growth in the last couple of days. IOTA is also trading in the green, but the public seems to be more interested in a new venture that IOTA is involved in as of the recent events. Apparently, IOTA has found a “real-life” purpose with starting a collaboration with a company called Elaad. Let’s see what IOTA dev team is working on and what the newly-acquired collaboration can bring to this digital asset.

IOTA and Elaad Collaboration

Before mentioning anything about their collaboration with Elaad, IOTA team tweeted about the mysterious project that they have named project Q. Since the original tweet, IOTA dev team has been teasing their followers, mainly on Twitter with revealing the new project the team has been working on.

This is where collaboration with Elaad comes as crucial since this partnership made this project happen in the first place. Elaad is actually a center of education and smart technology development that operates in the Netherlands while working exclusively on improving the technology being used in their country.

The project Q actually started of independently from IOTA, when one of the team members from Elaad designed a crypto-charging station for charging of electric vehicles. The Netherlands is already known for finding eco-friendly solutions for more than just transport, so this project took a natural course of development.

This is how IOTA and Elaad started their collaboration while working together on a patent made by Elaad and powered by IOTA’s superb network known as Tangle. Thanks to Tangle, IOTA users in the Netherlands will now be able to use the first ever crypto-charging station for electric vehicles, which is both, eco-friendly and cost-effective.

Besides for making up for a cheaper and faster way of charging your electric vehicle, IOTA with this project found its way towards being used for a “real-life” purpose, which is considered to be the ultimate goal of all crypto values – to get massively adopted and used in real life while surpassing the gap between blockchain technology and more traditional technology that is currently being mass-used.

IOTA-charging Station for Electric Vehicles

The first IOTA-charging station for electric vehicles has become available for use exclusively in the Netherlands since it was Elaad, an education center set in the Netherlands that proposed this project in the first place.

Besides from marking this project as a great achievement from the side of Elaad center, we can also say that this is in more than one way, a groundbreaking point for IOTA and its currency MIOTA.

This is the case as this is the first time ever that IOTA has been put to a “real-life” use, showcasing the ability of its network Tangle, to bring two machines together to communicate at a very low cost and without redundant effort, solely by using IOTA’s Tangle technology.

The application for charging your electric vehicles is designed in a way that the user’s IOTA wallet is linked to the application for enabling of making payments instantly in order to pay for the charging of your vehicle.

Moreover, machine-to-machine communication is made to finish the job of paying for your charging thanks to IOTA’s Tangle, which is done in only 15 seconds. This case indeed goes in favor of IOTA as it showcases the great potential of its network and the technology powering that network up.

The IOTA team added on this matter that they are glad that they were able to show together with Elaad, that Tangle and IOTA can find a real-life purpose making their technology extremely applicable and scalable, especially for machine-to-machine communication.

Further, on this matter, Elaad representative team talked about further plans of improving the application for IOTA-charging station, focusing on the evolvement of general communication and the result the end user gets in the end when using this type of technology.

With IOTA’s latest project in collaboration with Elaad, it is more than obvious that this digital asset has made a huge step towards introducing Tangle to the public, for the first time making their network applicable for a real-life purpose with more room for improvement and the evolvement of their charging station application.

How is IOTA doing at the Current Moment?

As the majority of digital currencies are recovering from the most recent market dip that went off with demoralizing the entire crypto community for more than eight weeks, IOTA is doing more than well for days now as this currency is being traded in the green.

After the latest change in the market, MIOTA has gone up to 12.50% against the dollar, while trading in the green for days now. It seems that MIOTA is also showing an increased pace of growth in oppose to BTC as it is rising against this currency for over 8% today.

That being said MIOTA can be bought at the price of 1.95$ per one unit. Hopefully, IOTA will break the value of 2$ in the day to come and head towards surpassing its record price of around 5.3$ per one unit as recorded back at the end of December of 2017.

We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up for our Telegram!

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.

Image courtesy of Jun Seita via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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