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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

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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