*PLEASE READ THIS POST IN FULL
There are a number of projects [below] I am interested in and have
yet to pull the trigger and invest in.
Some of the newer projects have generated so much attention that
the threads are numerous and some are quite big so i feel that unless
I am keeping up to date it is easy to fall behind, and difficult to
catch up while keeping tabs on my existing portfolio.
So I have
12 sMerit to spend for information about the following:
Qtum - 0 merit remaining
Capp - 0 merit remaining
Iota - 1 merit's remaining
Steem - 0 merit's remainingETC - 0 merits remainingCriteria:
I'm looking for relevant and up to date info, im not looking for info
taken from the first page of an ANN thread, I can read that myself.
I am looking for information and links and verified technical info to
back it up.
Reward:
3 merit's per project [above]
1 merit per person
Conditions:
I will not be answering questions about why I did or did not reward
particular posts, I will be rewarding on what interests me or persuades
me to finally invest in the above.
Here is the original merit announcement thread >
https://bitcointalk.org/index.php?topic=2818350.0;topicseenand a quote from theymos from that thread:
"While we will not be directly moderating this, I encourage people to give merit to posts that are objectively high-quality, not just posts that you agree with."IOTA: a crypto currency that will change the Internet of things IOTA is a revolutionary crypto currency and a platform designed specifically for the Internet of Things concept. It does not resemble any other project or coin, which makes it unique and very promising. IOTA is able to become that transactional fuel that will ensure the implementation of smart enterprises with the participation of machines integrated into one network. You visited the supermarket and saw there self-service cash desks? Agree that they are at times more efficient and economically more profitable than the cashier. And imagine that in the supermarket you can put the tablets for the choice of goods, install tapes that would feed products directly into the hands or into the trunk of the car. It is these clever solutions that underlie the Internet of Things (IoT). And the IOTA in it should perform a connecting role between the nodes of the entire network.
Internet of things Ipta Crypto currency - what is it? IOTA is both a crypto currency and a system for instant micropayments without any commission. In this way, it is seriously different from other coins, since a transaction of 1 coin or, roughly speaking, 0.001 cents in dollar terms, is possible. What does it give? For example, with the help of IOTA, you can ensure the fulfillment of the smallest tasks in the unified network: turn off the tap in the bathroom, stick a tag, and at least blow away a speck of dust. And thanks to such features, IOTA can be integrated into the Internet of Things by performing
Establishment of IOTA The history of this project began in 2015 with the ICO. During crowadding, the IOTA team managed to collect 1,337 bitcoins, which at that time was a very small amount. But it is worth noting that, in principle, the ICO was not held frequently in 2015, and all of them were in the shadow of the Etherium. Almost the whole of 2016 went to beta tests, and by 2017 the innovative project got to its feet. A substantial amount of money was allocated for development, marketing and new projects. And by June, IOTA (or rather MIOTA) made its debut at one of the world's largest exchanges Bitfinex. And in the autumn a number of strategic deals were concluded with large consortiums: Samsung, Fujitsu, Volkswagen, Microsoft, Deutsche Telekom.
Just a few German companies on this list is not an accident. It was in Germany that the Foundation for the Development of the Project and the Internet of Things as a whole under the name of the IOTA Foundation was established. By the autumn of 2017, his "budget" exceeded $ 100 million. The role of the person of the project is performed by the Norwegian David Sunsteb. His team also includes Sergey Ivancheglo, Dominik Shiner and Sergei Popov. Sunstebu is an active contributor to the concept of Internet Things. Even before the launch of IOTA, he founded the startup Stealth, which manufactures processors with ultra-low resource consumption for IoT.
How it works? Iota does not look like bitcoin or ether, because she does not actually use blockade. This platform uses a special Tangle log, based on the DAG-directed acyclic graph. In the Bitcoin or Ethereum blockbuster everything is kept on the blocks, where the transaction information is recorded. There are no blocks in Tangle IOTA, and transactions there are related in their own special scheme: every new transaction that has arisen (let's call it A) confirms the two old ones (B and C). Verification can also happen indirectly - transaction D, which confirmed A and conditional Z, arose. But it indirectly confirmed B and C.
IOTA Transaction Scheme This system forms a whole web of verification that protects the network from double spending and makes it work with higher efficiency. That is, the more transactions on the network, the faster they will be processed. Note that IOTA mining is impossible. All the koins were emitted immediately. Their number is about 2.8 trillion, and to be more precise, this value is described by the value MAX_SAFE_INTEGER in Javascript language. On exchange trading, MIOTA is used - 1 000 000 IOTA. IOTA and the Internet of Things IOTA's prospects are measured by the prospects of the sphere that this platform is designed to serve. Back in 2015, the Internet industry Things "estimated" in 1.6 trillion dollars. By 2025, it is expected that the industry will grow to 6.2 trillion dollars, and the number of active devices will exceed the 50 billion mark by 2020.
The growing popularity of the Internet of things Internet of Things means a network in which physical objects interact with each other through built-in technologies. Now there is no full-fledged network - there are rather autonomous pockets. Take at least a smart apartment, where light, electricity and heating are automatically regulated. But after all, apartments can be united in houses, houses in cities, and cities into a whole network. Internet Things can change economic and social processes, largely rationalizing them. This concept was first proposed by MIT researcher Kevin Ashton in his report on the modernization of the logistics system Procter & Gamble. In two decades, the background has changed - now the number of devices connected to the Internet is measured in billions, things like cloud computing, IPv6, the role of wireless networks have grown, numerous sensor sensors and devices have appeared. IOTA is able to tie together virtually all processes in the IoT ecosystem by configuring transaction chains and the ability to conduct micro transactions in huge quantities. Problems with scalability in Tangle, unlike blockchain, do not. Moreover, the platform is implemented so that the device for interaction with other nodes should not have uninterrupted access to the Internet. For some "machines" it will be enough to connect once a month or even a year - it all depends on the functionality. This will save battery power or even electricity. The revolution in the field of decentralized applications! The revolution in the field of decentralized applications! The most ambitious cryptoproject of 2018 The most ambitious cryptoproject of 2018 This crypto currency will completely change the world! This crypto currency will completely change the world! Advantages and disadvantages of IOTA IOTA as a crypto currency has its advantages. The main ones are the absence of commissions, the possibility of conducting microtransactions and the high speed of operations. All these advantages are provided by Tangle, which many have secretly called blocking 3.0. Although in fact it is not blocking, as the blocks in it are not formed. From the point of view of the IOTA platform, it is still difficult to assess. It's like with Ethereum in 2015 or 2016 - everyone understood its huge potential, but there was not yet a tangible example that would show Efirium on the good side. The fact that the project is actively developing and cooperating with the world's largest consortiums suggests that it has prospects. The idea to become a driving force in such an innovative direction as the Internet of Things is a definite plus of IOTA. This means that koins really have some weight. After all, they must fulfill the role of "fuel" in a rapidly developing sphere. But the unique IOTA platform and the unusual POW without mining as such potentially create a situation in which a powerful transaction will disrupt network security. If it comes from a node that has collected 51% of the total capacity, then the so-called 51% attack will occur. The node will gain control over the network, which will allow it to double expenditure. This is like Bitcoin's mine with 51% of the processing power. Attack 51% Security is another point that needs to be worked out. At the forum of the IOTA project and other crypto-exchange sites, complaints have repeatedly been received about the loss of coins from the wallet. So far, no normal software purse has been implemented. And this is one of the main goals of the project for 2018. Advantages Disadvantages - No scalability problems - the more transactions, the better for the network; - Absence of commissions for transactions; - There is no mining, therefore IOTA is not threatened by forks and speculative fluctuations of the rate; - A trillion-dollar sphere, to which large companies are related; - IOTA Foundation - a fund that is engaged in the development of the project and attracts substantial investments; - Uniqueness of the platform in comparison with other projects, which makes IOTA an attractive investment asset. - Weak support on stock exchanges and limited coin function; - Absence of a reliable purse for IOTA storage; - It is possible own attack 51% on the network. How to install an IOTA wallet So far, the IOTA network is not as developed as the BTC or ETH, so the choice of wallets here is limited. In 2018, it is planned to issue a functional wallet for Windows, MAC, Linux with additional protection mechanisms and options. In the meantime, a raw variant of IOTA wallet is available for users. You can download it on Github.