IOTA Keeps Making Friends with Large Companies
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As more and more large companies are becoming interested in the blockchain technology, they keep choosing IOTA as their blockchain research partner. The recent additions to IOTA’s partnership list include Volkswagen, as well as Japanese ICT conglomerate Fujitsu. Volkswagen wants to bring blockchain on the road
Volkswagen has become known as a large supporter of the blockchain and crypto industry, and their partnership with IOTA is no secret. Right now, the carmaker is researching the new technologies in an attempt to find the way to make it improve vehicles and roads alike. Earlier this year, they confirmed working with IOTA in order to bring the blockchain on the road, and their recent tweet states that they are working hard on providing their customers with super-safe cryptosystems.
VW is currently exploring all areas of blockchain while trying to find all possible use cases that would tie their business to this technology. Many believe that the carmaking industry can benefit from this tech the most, via vehicle servicing, tamper-proofing, and even improving on the self-driving aspect.
The company’s IT Group has been exploring various concepts and potential benefits of implementing the blockchain technology, and have been discussing this with over 300 employees.
With the self-driving cars quickly becoming a reality, and cars becoming more and more digitized, it is imperative that they are properly protected from hackers and any type of meddling with the vehicles’ systems.
These are the troubles of modernization, but VW firmly believes that IOTA’s blockchain has the potential to bring solutions that would eliminate this kind of concerns. The partnership was originally announced as far back as in January of this year. If the research bore fruit, this would mean massive progress for all 12 motoring brands that the VW group consists of. Those include Porsche, Lamborghini, Audi, Bentley, Bugatti, and more. Fujitsu claims IOTA is a new protocol standard for audit trails
Another significant development for IOTA includes the Japanese firm Fujitsu, which has announced the launch of a new PoC, based on IOTA, and created for audit trail processes within the manufacturing industry.
The new notice states that IOTA’s protocol will be used as a data storage medium for the audit trails. The goal here is to largely improve data security, data trust, as well as transparency of all processes.
The Program Manager at Fujitsu’s Industry 4.0 Competence Center from Munich, Leopold Sternberg, stated recently that the partnership would allow IOTA to become a new protocol standard. According to him, IOTA is perfectly well-equipped for this task, since it has a lot of experience with manufacturing industries, as well as in ICT services.
Through a joint effort, the two are hoping to bring a solution for supply chains and industry 4.
0 manufacturing, both of which are facing data-related challenges. loading…
Additionally, the notice describes a newly-proposed cryptographic ID system that would be used for various product components. The system would also keep track of the status of their production through a connection with nodes located on IOTA’s Tangle protocol, but hosted by Fujitsu itself.
Tangle is a new type of DLT, different from blockchain itself since it doesn’t use mining or blocks. Instead, it is built directly on a DAG (Directed Acyclic Graph). Basically, different kinds of transactions go on different chains at the same time.
The announcement of IOTA’s collaboration with Fujitsu has already reflected on the crypto’s price , which went up significantly since the partnership was first announced on August 25.
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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 .
Image courtesy of Pexels The battle of the cryptos: Tron (TRX) vs. Cardano (ADA)
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Among the top cryptocurrencies in the world, Tron (TRX) and Cardano (ADA) have been two of the most dynamic altcoins dominating the news headlines. Many crypto analysts defer about these two virtual currencies as to which is the next dominant player in the cryptocurrency sphere.
Truth be told, ever since virtual currencies emerged in the financial world, digital assets have become a fertile source of venture and investment, although that was not the initial purpose as to why they were developed.
However, in the current world, that is exactly what they are used for, as an investment asset. So, it is prudent to be aware of those virtual currencies whose attributes and features represent the best alternatives to investments.
In this case, two of the most resounding virtual assets in the crypto market at the moment is Cardano (ADA) and Tron (TRX). Let us have a look at the main features of these virtual assets and why I think they are the preferred options to invest as the crypto market continues to grow. Tron (TRX)
Tron (TRX) is one of the most celebrated and popular virtual currencies in the crypto market at the moment, thanks to the major recent steps it has taken towards mainstream usage and mass adoption, led by its visionary leader and founder Justin Sun .
Tron (TRX) has been one of the leading virtual currencies with the most positive developments throughout the year. Apart from managing to launch TestNet successfully, Tron successfully launched its new MainNet, went ahead with its token migration, where Tron’s coins separated from Ethereum’s network and migrated to Tron’s blockchain platform.
Tron has done so much this year, the digital coin also launched its Virtual Machine (still in beta, it will get launched for the public tomorrow) and managed to purchase BitTorrent, which has become a significant pillar of Tron’s new Project Atlas.
Under its portfolio, Tron has managed to enter into more agreements with big companies than we can count, resulting to the blockchain’s default currency, TRX, becoming the official payment currency for some partner companies.
Most recently, Tron Foundation announced the inclusion and listing of Tron (TRX) on LINE’s exchange , Bitcoin Superstore, and BITBOX, which has allowed its users and holders to buy goods and services from over 200,000 e-commerce shops.
Tron foundation ultimate mission is to lead the wave of decentralizing the internet by revolutionizing the entertainment and creative content industry, and from the look of things, Justin Sun is leading from the front in realizing this dream. loading..
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After all, from what we have seen the cryptocurrency is capable of doing, it is Tron alone as a platform that has the capability of achieving this fete. Cardano (ADA)
Although being one of the youngest cryptocurrencies in the crypto market, Cardano (ADA) has managed to record significant growths in multiple ways this year leading to a pile of opportunities for cryptocurrencies.
When it comes to the question of what makes the digital coin so special, first, we must acknowledge that Charles Hoskinson created it.
An astute businessman on his right who formerly was Ethereum’s (ETH) and Ethereum Classic’s (ETC) co-founder. Due to his reasons, Charles left both projects to start his blockchain technology and cryptocurrency to create the optimal digital currency he had in mind.
One of the facts that make Cardano (ADA) stand out is that it was developed by a multi-disciplinary which has an extensive background in the crypto domain. Hence, every decision made during the development of the digital coin was well-calculated and executed. Cardano as a blockchain company expects to get global recognition and adoption as its mainnet becomes fully operational soon.
For me, it’s very tough to pick one from the two, both have targets of solving real-life problems, and of course, the leading heads behind both are nothing short than ‘real visionary.
’ Not an investment advice, but as things stand currently, I’d like to invest in both Tron (TRX) and Cardano (only the amount I can afford to lose if things get worse).
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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 thorough research before investing in any cryptocurrency and read our full disclaimer . TRON Celebrates Burning Over Half a Billion Tokens
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TRON (TRX) torched another round of its old tokens, bound to Ethereum’s network. Additionally, its new wallet finally got on the iOS App Store. TRON team celebrates new progress
TRON (TRX) has become known for two things — making significant progress, and for burning significant amounts of its ERC-20 leftover coins. Right now, TRX has done both, almost at the same time.
They just torched more than half a billion (670,045,551) tokens, but they did so in celebration of having their TronWallet finally appear on the App Store.
This usually wouldn’t be a cause for that much celebration, right? After all, the TRON team is nothing if not experienced and professional, so why is it that a wallet launch requires celebration and attention?
The team started the wallet’s development with a goal of publishing it for both, Android and iOS.
Soon after that, they started running into obstacles that eventually led them to a crossroad. As their Medium post says, the team had to make a compromise — either to go down the multi-platform road as planned, or they would have to give up on these early goals and focus on the faster release.
Eventually, they chose to go with the latter, and the TronWallet was created for Android first. In the meanwhile, the team was trying to figure out how to fix the issues with iOS, so that the wallet can become available for Apple users as well.
Soon enough, the 1.0 release for the App Store was ready, although it was only a reduced version of the wallet created for Android.
This was all back in July of this year, with the submission finally happening on July 22. This is when the second large issue emerged. The team had to wait for 30 days to have their app reviewed and possibly accepted. This was very discouraging, especially since all of their previous app publications were reviewed and approved much faster. Needless to say, the team was anxiously awaiting the news, hoping that they would be good ones. The app was finally approved
A month later, Apple finally cleared the wallet and posted it to the App Store. However, the story does not end there, and the team continued to work on improving the app. As of right now, the iOS version of TronWallet will no longer be a reduced copy of what Android has to offer.
Instead, it will be it’s equal and will offer numerous features. loading…
Those will include the elimination of the need for signups and logins, local secret encryption with an addition of a PIN, the support for all TRON network operations (minus the ‘create token’ one), the possibility of multiple accounts, push notifications, and more.
Obviously, the team he put a lot of work into trying to please Apple, not to mention that the entire previous month was a nervous one, due to the extended approval period.
However, the app went through, the team made it better, and the Apple users now have everything that Android users have. With all of that put together, it is clear why TRON believes that this development is a cause for celebration.
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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 .
Image courtesy of Pexels Litecoin (LTC) price may be as high as $600 by the end of the year
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Many predictions have been made lately around the price that Litecoin (LTC) may have by the end of the year, and as it seems, the crypto may hit the mark of 600 USD, a fact that results particularly interesting considering the current performance of the coin.
Litecoin figures in the charts as the 7th largest cryptocurrency with a market capitalization of $3,656,267,429, and a price of $62.9 at the time of press, according to Coinmarketcap.
So if it were to happen that the price reaches that value by the end of the year, we would be speaking of an increase of 10 times the current price, or in other words, a 967 percent of the increase.
With relation to the above asseveration, many have been questioning whether or not the coin may get to that level, and also, what are the main reasons to believe that is a possible thing. Let’s see all the details on this. Litecoin (LTC) description
Litecoin was created and developed by Charlie Lee back in 2011; it was launched via an open source client on Github. The LTC token is a decentralized peer-to-peer cryptocurrency that works under the license MIT/X11. Litecoin was created as a fork of Bitcoin, so in essence, it was meant to have the same characteristics of the leader of the sector, but improving some of the issues that Bitcoin has in its ledger.
In this sense, Litecoin’s ledger functions with a Proof-of-work timestamp scheme, and also has the hash function working with the algorithm Scrypt, instead of the one that Bitcoin uses, which is the SHA-256. An average operation takes 2.
5 seconds to be completed and is equipped with a token reward of 25 LTC (until 2019 according to an estimate).
In general terms, one could say that Litecoin is one of the strongest, if not the most, out of all of the altcoins that exist already. In fact, if we compare the crypto with Bitcoin (BTC) , we would find the LTC platform works way faster and with one of the cheapest prices per transaction as well. loading..
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In addition to this, Litecoin provides great usability, which means the platform utilizes blockchain processes such as smart contract liftings and others.
But not only that, the currency also has the capability of being used as regular currency such as fiat money, which means users can buy lots of goods and services by using Litecoin. Facts on the Litecoin price prediction Bitcoin influence on the coin: We all know that Bitcoin has a great influence on each and every crypto in the market, and of course, this is something of which Litecoin is not exempt. However, this is not the only way Litecoin will receive an impulse from BTC, truth be told, with the present conditions of the market Bitcoin will likely deploy strategies in order to stabilize its system, and this might have as a consequence the increase of the transactions occurring in the network, so as the system clogs, many users will migrate to reliable platforms such as the one that LTC has.
Coinbase endorsement: Coinbase represents a huge endorsement for Litecoin , being LTC one of the privileged cryptos enlisted in the platform. Coinbase receives millions of transactions every day, and with more than 100,000 new users that each day engage with Coinbase, we can be sure that this will be a great piece in the puzzle in the long run. Media attention: Litecoin has been receiving a lot of attention on social media during the last months. This, in the beginning, was actually not a positive thing as many users were Tweeting their complaints regarding project failures in the past, such as the association with Litecoin’s LitePay . However, the hard time seems to be gone for good, and now a bunch of artists, entrepreneurs, businessmen, doctors, and even athletes are supporting the crypto and endorsing the coin through its Twitter accounts. Bitcoin resemblance: As we said before Litecoin is related to Bitcoin because of the fork in which it was created, so in many aspects, both platforms provide very much the same.
In fact, many users are starting to notice the resemblance between both cryptocurrencies and are starting to migrate to Litecoin as it represents a cheaper and faster option. Conclusion
Litecoin has actually all of the features and tools to succeed in the goal of reaching never-before-seen heights. In fact, the coin has already done this in 2013 and 2017, so we can be sure that is actually a possible thing to happen. Additionally, Charlie Lee, CEO of the company, is hungry for success, and proof of that is the Tweets that he publishes stating that Litecoin is coming for Bitcoin. So stay tuned, this might be the Litecoin’s year.
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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 thorough research before investing in any cryptocurrency and read our full disclaimer .
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