When building a cryptocurrency from scratch, you first need a solid foundation. From this foundation, the currency can grow and self-correct as it develops.

Will Microsoft / Bosh team up "Tangle" backbone after IOTA's most comprehensive pilot study thus far?

When it comes to Cryptocurrency, mass volume monetary players will search for three things that can enable them to overwhelm customary rivals in their markets: 

| Liquidity 

Liquidity gives less room for error and easy adoption in a globalized economy which thus advances quick selection and incentive for the system. 

| Stability 

Any currency needs to be stable in order to be used as a trusted medium of exchange. The more that prices rise and fall, the more ordinary people will shy away from using the coins for everyday transactions.

Whether they hoard the coins in the hope that prices will rise sharply soon, or they avoid using them altogether for fear that they will lose all of their value, people are not yet accustomed to seeing cryptocurrency as real money.Stability gives pathways to ways out and passage from fiats, and takes into consideration extensive volume clump exchanges to move rapidly and straightforwardly around the globe.  

| Scalability 

In the crypto-community world it is known [in general] now that for solving scaling issues, a combination of off-chain and on-chain solutions are required to have success. The bitcoin scalability problem exists because of the limits of the maximum amount of transactions the bitcoin network can process. It is a consequence of the fact that blocks in the blockchain are limited to one megabyte in size. A block chain is "a single threaded process", if you want more performance/scalability the only thing you can do is add more processing power per node, which raises the barrier to entry and reduces the number of nodes doing the actual processing (centralization).

Meetup 13 December, be sure to tune into the presentation:

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IOTA Data Marketplace Presentation 12/12/17 Chicago

HODL

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Sheeple 4:49 PM  No comment

Deutsche Bank confirms that IOTA solves the main blockchain problems

Today's price will seem a bargain soon. Great time to buy.

1) Brand-new wallet coming soon, made by UCL/University of London. See preview Here:
2) Coordinator will be open-source
3) "Q" project, one of the biggest things to occur to the IOTA project and the cryptoverse itself

4) Oracle/Smart Contracts are coming
5) More exchange listing (we aren't even at Bittrex, Poloniex, Bitstamp, etc yet. Only Bitfinex, Binance and Coinone)
6) Data marketplace, the shaking news that boomed us last days, where you will be able to buy/sell data from/to any sensor in the world!
7) Even more partnerships with companies that will fasten and secure the Tangle for us users
8) We are THE non-blockchain alternative to 99% blockchain-based coins. The more the Tangle proves itself as a disrupting technology, the more adopters and organic growth we will get. Look at the Dominik Schiener (co-founder) appearance in a German TV:

9) Awesome personal projects being developed by independent programmers from the community, like CarrIOTA, your personal finance manager. See Here
10) A great amount of institutional money from traditional markets/funds will be invested in cryptocurrencies


As Bitcoin smashes through the 15,000 US dollar mark, Deutsche Bank Wealth Management examines the risks of investing in so-called cryptocurrencies and whether they could replace traditional money.

In the latest CIO Insights Reflections, the Chief Investment Office argues that cryptocurrencies remain a risky investment, given that recent price rises have been due to speculation as well as imbalances between supply and demand. Greater regulation and security may be necessary to establish cryptocurrencies as a viable asset class in future.

If cryptocurrencies are to replace money, then they have to fulfil money’s three core functions: as medium of exchange, a measure of value and a store of value. To do this, cryptocurrencies must be more trusted. Problems here include high volatility and possible price manipulation as well as data loss or data theft.

For further details on Bitcoin and the underlying blockchain technology it relies on, read the CIO Insights Reflections: cryptocurrencies and blockchains – their importance to the future.

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Sheeple 5:42 PM  No comment