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Why IOTA Partnerships Are Ensuring Its Future

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With so many altcoins around these days, it is difficult to find the ones with the most potential. Even finding the coin that has the chances to stick around, in the long run, might be difficult. This is why most people would choose to back the coins that have a potential of solving real-life problems.

While there are many coins with real-life use cases, a lot of them are finding it hard to compete with IOTA (MIOTA). IOTA has proven that its products can not only solve real-world problems of today, but also the problems of the future. The coin has a huge potential when it comes to bringing solutions, but also when it comes to changing the way we use modern technology.

This is why huge IOTA partnerships have been announced over the course of this year, and the coin’s community is more and more enthusiastic with each new announcement.

Biggest IOTA partnerships so far

So far, 2018 seems to be the best year for IOTA, as it managed to make three extremely big partnerships. Those include the ones with Bosch, Fujitsu, and Volkswagen. Thanks to the coin’s many applications, all three of these companies are thrilled to work with it, convinced that IOTA is the best crypto to join their respective industries.

IOTA partnership with Bosch

Bosch has described the Internet of Things as a connected world that is constantly growing. New technologies are becoming linked to it, while the devices themselves are becoming faster, cheaper, but also smaller, and more practical. Last year, the company introduced a new sensor XDK or Cross Domain Development Kit. The company has also taken an interest in IOTA’s Tangle, and with XDK, the interaction with it is expected to reach entirely new levels.

IOTA partnership with Volkswagen

Volkswagen has found IOTA to be a perfect way to deliver new updates and functions to their cars. By integrating IOTA’s technology, all such updates will be easily delivered without the need for each car to receive manual service.

This will improve the current and future cars, but it also has a huge potential when it comes to self-driving cars. Maintaining such vehicles on the road will be easy with IOTA’s technology, but also cheaper, more practical, and much faster.

IOTA partnership with Fujitsu

Fujitsu partnership is the newest one that IOTA entered. This company wishes to offer the benefits of IOTA technology to its customers from the automotive and manufacturing industries. Fujitsu is so thrilled with what IOTA has to offer that it has already described it as a new protocol standard when it comes to IT products and services. The company envisioned entire factories powered by IOTA’s Tangle, which would improve upon their efficiency.

In the end, the possibilities of IOTA’s Tangle technology are almost limitless. While the project has already entered a lot of important partnerships, a lot more of them are expected to come. IOTA definitely has some exciting times to look forward to, and while its coin’s price is still relatively low, this might not be the case in the long run.

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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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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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