What is IOTA? Analysis and all you need to know
A digital currency for the Internet of Things (IOT), IOTA is the new backbone of IOT, a scalable, decentralized, modular and no fees platform for Internet of Things to grow and flourish. Although still considered by a few as a lesser known digital currency, IOTA has made quite amark for itself and has even surpassed big names in the digital currency world like Ripple. IOTA is meant to be a digital currency for the exchange of data and information between machines equipped with sensors. These sensor equipped machines populate the entire scene of the Internet of Things. This would enable something that is called a paradigm shift to the Internet of Things. IOTA aims to establish a Ledger of Everything.
Recent market valuation for IOTA
IOTA is currently sitting at a make or break level. It is currently down to about $0.9723 which means that it has finally broken below the $1 mark. If it is eventually broken, IOTA would face a severe downside and is thus currently on critical support. It had made quite a wave a few months back by rising in value however, for quite some of the recent time, IOTA has been trading under a critical resistance for quite a while and is also facing a rising trendline. Accordingly, till the time IOTA is being traded below this line, the bias would always be to sell on the rise.
As already mentioned, IOTA is presently sitting on a critical support which looks like a long term deal and if this long term critical support is broken, it would be catastrophic and would definitely be most probably the end of this digital currency.
It is also important to note here that the current JAVA implementation of IOTA is in Beta stage and with further advancements and improvement there would be even more enhanced performance by it and there will be additional features that would enhance the ease of use of this platform.
The Internet of Things or the IOT market would hit the $470 billion mark by 2020 if experts are to be believed. This means that the prospects for IOTA would increase way up too. Over 3 million transactions have already been processed on the IOTA platform and to imagine the great deal of prospects for this digital currency with the Internet of Things industry rising with such a booming speed, there sure is something really revolutionary when the digital market is looked at at an IOTA angle. Although there is still a long way for the Internet of Things markets and companies to actually make a strong and steady stand in this world and actually making sensor equipped machines the future of the world, IOTA has been constantly bettering itself with more and more developments in the entire space and with every further positive step the IOT industry takes, IOTA as a digital currency for the Internet of Things would definitely not be far behind, one might as well say, that these two could actually become each other’s shadows in the long haul.
Tangle – IOTA Platform
IOTA runs on a new platform called Tangle. It makes use of a data structure known as the Directed Acyclic Graphs or DAGs. Owing to this graphical nature of the entire platform, Tangle basically has no blocks, no chains and thus no miners. The usage of this Tangle solves several issues which are traditionally faced with other digital currencies, like the issue of scalability and high transactional fee charges. The dual work of making a transaction and also validating them is both coupled since the sender is required to do a proof of work for the transaction which actually approves not one but both the transactions.
As a result, like in all other digital currencies where the transaction speed over the network decreases with an increased user base, with IOTA, Tangle enables for the transaction speed over the network to be increased with an increased user base. This means that on Tangle, transaction speed and a larger user base are actually directly proportional to each other and not inversely proportional like it usually is with every other digital currency on the market. This makes it a very characteristic kind of digital currency for the Internet of Things.
Moreover, since the proof of work is done by the sender side of the transaction itself, this proof of work is not required to be done by any miners and which virtually removes any fees to be paid. All these characteristic features have made IOTA a very promising thing of the future which would actually not require developments when the user base of IOTA expands further since it works better with its user base blossoming.
Along with this, Tangle also provides wide scalability features because of the ability to validate transactions parallely. Moreover, there is no limit to how many transactions can be confirmed in a given interval of time thus making it even more better than other digital currencies.
What is TRON? Is TRON a good investment for 2018?
Understanding the fundamental principles of the TRON project.
The Blockchain’s Distributed Ledger Technology is one of the most secure forms of storing the information but as it is shared among each and every node of the network, privacy is somewhere being compromised, although transparency is maintained. However, apart from the currency point of view, there are a number of other applications in the real world where problems are yet to find solutions.
Any venture is undertaken, which was disliked by the government, was forced to shut down its operations through the centralized governing authority of the Government, but the decentralized concept of the cryptocurrencies has open the new oceans of opportunities, which is in some of the other ways, free from government censorship. Decentralization is a powerful tool which is absolutely independent of government control. Many cryptocurrency coins are used among the network for the transfer of value within it, along with the main intention behind the project being uncontrollable by the government.
Tron is one such cryptocurrency which aims to create a decentralized entertainment content sharing system along with being the future of decentralized social media. The users of the network need to constantly share their content with the other members of the network for which, based on a number of factors, the cryptocurrency will be rewarded in the form of an appreciation.
It’s truly a perfect cryptocurrency destination for all the social media, gambling and entertainment Geeks. Let’s try to gain some insights about the project.
- Currently, as the whole internet revolves around some of the big companies like Google, Amazon, Facebook, Instagram, etc they have complete authority over us, about our identity. Their applications are also designed in an addictive fashion so as to extract the maximum activity through them from us. It is estimated that Google, one of the most powerful search engine, knows about your preferences more than anyone else. Hence sharing your personal ideas and beliefs which such centralized organizations don’t seem to be reliable. Thereby a decentralized system is required, when no one can keep an eye on our personality.
- In the centralized form of an entertainment system, it is worth noting down that they have the complete authority of taking down any particular information or manipulate them according to their requirements. In a decentralized system, there is no concept of censorship and higher transparency is also obtained.
- The users would be paid by the network directly for their contribution for the content to the network without the intervention of any third party in the form of the native cryptocurrency.
- The cryptocurrency organization strictly complies by all the rules and regulations of the governing authority.
- Justin Sun is the founder of the TRON project. He has been able to achieve this fiat, at an early age of 27. He is also well known to have been founded the Peiwo app, which can be considered similar to Snapchat in the audio version, where users record that 10 seconds audio clipping and others listen to it. This app even became the first one to collaborate with TRON.
- Jack Ma, the founder of Alibaba Group, is estimated to be very near and dear to Justin Sun. He was exclusively selected by Jack ma to study at the Jack ma Hupun University. Some of the key developers from the Alibaba group are migrating to the TRON Foundation.
- In other words, Jack Ma can be considered as a mentor for Justin Sun. While Jack ma, himself is backed by prominent figures like Feng Li and Tim berners-lee.
- A top class security is provided by the TRON network as it is supervised by Jorge Guo, a well-known entity who has been endorsed to maintain Security at massive organizations like Google, Huawei, Qualcomm, etc. But in order to be on a safer side one is suggested to hold their cryptocurrency coins in their personal wallet itself.
Is it good an investment option?
With collaborations with key figures like Jack ma and most skilled developers from all around the world on the project, TRON seems to have an amazing future, as it is still in its natal stage. But speculations are haunting the project as Justin Sun is considered to be too young to handle a project at such scale. The fundamental concept seems to be promising enough for the project’s development in future and hence can be opted as a viable investment option.
What is NEO? Is it a good investment? How is it different from Ethereum?
Attributes which render NEO, to become a potential competitor to Ethereum.
Ethereum is one of the most famous cryptocurrency after Bitcoin. Ranking second, according to Coinmarketcap, the crypto protocol provides a standard template in order to facilitate anyone to create decentralized applications in their own customized manner. In those decentralized applications, the virtual commodities which are traded are confirmed on the Ethereum network. Scalability has always been an issue with respect to the Ethereum network due to an adamant usage of these decentralized applications. Crypto kitties were the most trending decentralized app, which had even once caused a clog in the Ethereum network. Let us see both while comparing Neo vs Ethereum.
NEO can be considered as the Chinese version of Ethereum. It is evident, in this world, that the people of China can be considered a bit arrogant in nature or patriotic towards their country, as they restrict themselves from using the Western products and services. They are known to have their own version of Facebook, WhatsApp, Amazon, also one of the most famous cryptocurrency platform, Ethereum which they use extensively. The cryptocurrency network is nothing but a distributed network for the improvement of the smart economy.
Further insights into NEO
NEO protocol basically comprises two kinds of coins, one is the native coin, NEO and the other one being, NeoGas. The concept here is very similar to that of Ethereum. NEO is used for all the transactions which take place under the NEO Network, and the NeoGas is used to used as a fuel for the transactions. All the native tokens were pre-mined and hence no mining process is available but this is not the case for NeoGas, as it is used to reward the nodes of the network to incentivize them, to help in maintenance and verification of the blocks.
The practical use case seems to be very simple. If two users need to undergo an agreement and have a transaction, then they can opt for the NEO smart contract where their assets are first converted into the digital cryptocurrency Neo. Followed by which, according to the rules and regulations, predefined on a smart contract the transaction is undertaken.
NEO vs Ethereum
The cryptocurrency has a lot of similarities with Ethereum. Although it is not exactly the same as Ethereum. Let us see Neo vs Ethereum Analysis.
In the Ethereum Network, an exclusive programming language is incorporated in order to develop the smart contracts, but in case of NEO, smart contracts can effectively be developed by using some of the already existing and popular programming languages like as C# and Java. Also in Neo vs Ethereum, Further developments are being done with respect to the NEO Blockchain, where the creation of smart contracts is to be made available in Python as well as Go too. This feature can be acclaimed as a reason for an advantage of NEO over Ethereum.
Another key difference in Neo vs Ethereum is that can be marked between the two prominent Blockchain’s is that NEO envisages Digital Identity concept whereas Ethereum doesn’t. This feature is highly appreciated in the international market as one needs to trust the other person and somewhat transparency is obtained through this paradigm.
Is NEO worth investing in?
As the token’s total supply is fixed at 100 million, the value of the coin, over time, is bound to experience a bullish trend. The process of the release of the cryptocurrency coin is vested with a Smart Contract, where only 15 million coins are released every year. Half of the total supply was already released earlier itself. This consistent release of coins is what offers stability to it. The platform even provides high scalability and controls the latency with 10,000 transactions per second. Being developed in China the cryptocurrency coin is somehow restricted, for its unconditional adoption by the Asian countries, as China is not a Crypto friendly nation. This could mark a potential risk to the coin.
Although NEO is regarded as the ‘Ethereum of the East,’ restrictions on the cryptocurrencies in the Asian countries can resist the growth of the network. Otherwise, it possesses the potential to leave Ethereum behind. As the cryptocurrency market is highly volatile an extensive background homework is mandatory, before an understanding any investment in the crypto field. One must bet only the amount of funds, that he/she is OK to lose.
Top ERC20 Tokens. The list of Top 100 ERC Tokens.
Some of the most valuable ERC20 tokens.
Below is Top 100 ERC20 Tokens list based on their structural use case.
The native token of the cryptocurrency exchange, Binance. Number 1 on the top erc20 tokens list.
Omisego is an open payment platform. Number 2 on the top erc20 tokens list.
veChain is a platform focusing on various fields. Number 3 on the top erc20 tokens list.
A Token of 0x protocol, for the decentralised exchanges. Number 4 on the top erc20 tokens list.
Zilliqa is deemed to be the next gen blockchain platform. Number 5 on the top erc20 tokens list.
Aeternity Blockchain offers a lightning fast smart contracts. Number 6 on the top erc20 tokens list.
Maker platform makes some of the most stable coins. Number 7 on the top erc20 tokens list.
Bytom is a Blockchain platform for financial and digital asset institutions. Number 8 on the top erc20 tokens list.
It is the native token of one of the most prominent decentralized crypto exchange, Blockonix. Number 9 on the top erc20 tokens list.
The Basic attention token is a decentralized ad Exchange platform. Number 10 on the top erc20 tokens list.
Augur is a decentralized prediction market protocol.
Golem is the first global market for computer power.
Pundi X is a Blockchain service for developers and Investors.
Waltonchain Blockchain collaborates with IOT for better supply chain management.
The token is nothing but the exchange KuCoin’s shares.
Rchain is a Turing complete and byzantine fault tolerant Blockchain.
Status token aims to build iOS and Android interface to access Ethereum.
Populous is an intelligence and invoice discounting platform.
Mixin is a mobile Blockchain connecting various Blockchains.
Mithril is a Decentralized platform for social network.
IOST provides a decentralized platform for Internet of service.
DigixDAO is a Decentralized Autonomous Organisation.
AION is a multi tier system for solving scalability and interoperability.
Aelf is a customizable system for Blockchain.
Loopring is a brand new crypto trading standard where the users have complete control over their assets.
Funfair is aimed to improve casino gambling using Blockchain Technology.
Kyber network aims for an easy transfer between different platforms.
Power Ledger aims for a sustainable development through solar energy and Blockchain Technology.
Loom network allows for a platform to run decentralized apps.
Kin provides a Blockchain platform for chat apps and social media.
Worldwide Asset eXchange allows virtual Marketplaces to run on them.
Dentacoin aims to imotice the dental Industry through Blockchain.
TenX is built on Comit network for frictionless transactions throughout the world.
A decentralized platform for the virtual reality.
Monaco is a Visa Debit card funded by cryptocurrencies used for daily transactions.
Bancor protocol is a standard used for the future smart tokens.
Polymath network connects the developers, KYC providers, legal experts, etc.
Cybermiles is a smart contract template for e-commerce companies.
Dropil is an intuitive platform for the exposure of cryptocurrency domain to the newbies.
It is deemed to act like a fuel to the LIQUID platform.
Enigma is a platform for running end to end decentralized apps.
Paypex aims to improve payment systems by using the Ethereum network.
Ethos provides for a portfolio manager along with universal crypto wallet.
Nuls is open source and aims to provide developmental tools to its members.
Veritaseum drives a peer to peer marketplace which is software driven.
Substratum is a network allowing for content sharing through internet without VPN.
Gifto is an amazing decentralized platform for gifting content creators.
An open source project to improve the decentralized streaming network.
Cortex provides for a suite of state of the art machine learning models.
Dragonchain is a Blockchain platform by Disney.
Salt is a Blockchain backed loan lending system.
The Storm network aims to improve the lives of workers around the globe.
Chainlink is used for helping the smart contracts access resources.
High Performance Blockchain provides for an accelerated Blockchain performance.
TrueUSD is a USD backed stable coin.
Gamecoin is used to tease digital assets of a game through this network.
Noahcoin supports economic development through Blockchain.
Bibox is an encrypted exchange with powers of AI.
Centrality helps startups with their decentralized apps.
Fusion provides architecture and infrastructure to the financial institutions.
Scry.info arranges the upstream, midstream, and downstream datas.
Santiment Network Token believes that Tokens have three dimensions.
Cybervein is a decentralized platform for data management.
Civic platforms helps in the protection of identity.
Matrix AI Network is also regarded as the intelligent Blockchain.
Storj provides decentralized cloud storage solutions.
Iconomi is an asset management platform for digital assets.
Odem is one of the first Decentralised education Blockchain platform.
iExecRLC aims at decentralisation of the cloud service through Ethereum environment.
The Holo community aims to build a decentralized cloud system.
Bluzelle provides for a Decentralised and shared storage environment.
Nucleus Vision transforms offline retail through IoT and Blockchain.
SingularityNET is a Decentralised platform for AI algorithms.
Gnosis supports an amazing forecasting tech which is market dependent.
Medishares is the first mutual insurance marketplace which is globalised in nature.
The Request network allows for customers to initiate a payment request globally.
Revain is a pioneer in the unbiased Blockchain review platform.
The Time New Bank provides a time value transition network.
Dai is a stable coin based on decentralisation.
Smartmesh is the fuel behind a distributed application platform, Spectrum
BnkToTheFuture is specialised in providing alternative financial product.
Ta Ta Tu is a Blockchain based social media platform.
Cindicator is a market analysis platform based on Blockchain and hybrid intelligence.
Quantstamp aims for mainstream Blockchain adoption through the increased smart contract security.
Nexo is a pioneer in the loans backed by crypto.
Enjin Coin is a cryptocurrency for the virtual community.
Aragon is a decentralised application employed to create Decentralised organisations.
Streamr DATAcoin is a censorship free currency restricted within a Blockchain.
Ruffchain is a Decentralised open chain platform for improvement of IoT.
Ambrosus is supply chain based on the Blockchain network.
SONM is an universal supercomputer and SNM is an internal token.
KickCoin provides a payment system which uses KICK Tokens.
Bottos is a public chain with integration with AI along with data and model markets.
CRYPTO20 is the first tokenised index based on the cryptocurrencies around the world.
Po.et is a shared ledger for tracking the ownership of creative digital assets.
Docademic is the Blockchain initiative for improvement of the healthcare Services throughout the world.
Genaro Network is the world’s first decentralised storage network.
Raiden network provides an of chain scaling Solution for increased scalability and faster transactions.
Dynamic Trading Rights was introduced to bring in a trustless and transparent trading if the ERC20 Tokens.
The Arcblock Blockchain provides for a secure and fast payment system.
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Live Crypto Prices
- Bitcoin(BTC) 7377.36
- Ethereum(ETH) 463.933
- Bitcoin Cash(BCH) 784.495
- EOS(EOS) 8.05267
- Litecoin(LTC) 84.7212
- Cardano(ADA) 0.165781
- TRON(TRX) 0.0357887
- Dash(DASH) 245.567
- NEM(XEM) 0.17088
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