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IoT Chain (ITC) - Why China's answer to IOTA should have a place in your portfolio

In order to understand the value and potential of IoT Chain (ITC), it is important to first delve into a bit of background on the Chinese Internet of Things market, and why DAG networks like ITC are uniquely suited to IoT applications.
China and it’s massive Internet of Things future
China is the undisputed largest Internet of Things market in the world, a market that by 2020 is projected to be worth nearly $1 trillion USD as smart cities, autonomous vehicles, and evolving mobile devices such as wearables increasingly come online in the inevitable march toward an inextricably connected future.
This market is, however, largely untapped as the problem of data/value transfer has been hitherto difficult to approach. Internet of Things applications will rely on instantaneous transactions of miniature values that enable a network of at-home power grids to transact excess solar power, or a smart car to pay a smart meter in real time for its parking (what is paid is thus no more and no less than the exact amount of parking time used).
Blockchain is problematic for approaching these types of nano-transactions because of the lag involved in creating consensus on the network. On a blockchain, many transactions occurring at the same time or in very close sequence will all end up on the same block which will then need to be mined (proof of work). This makes current blockchains very poor at scaling and unable to handle the sheer volume of transactions occurring per second in the very near-future of IoT device connectivity demands. Blockchains are, on the other hand, extremely secure because the consensus they create makes their data immutable, authentic, and distributed.
How does IoT Chain (ITC) solve this problem?
IoT Chain (ITC) is not a pure blockchain network; it is a hybrid network combining blockchain with DAG (Directed Acyclic Graph) subnets. Instead of requiring blocks to be mined for creating consensus around a transaction (proof of work), DAG networks do away with blocks all together and have transactions verify each other, allowing for highly scalable and instant transactions. ITC takes blockchain into a new paradigm by combining the best aspects of hyperledger blockchain & DAG technology (lead ITC developer commenting on this: https://imgur.com/a/NG4aO). The ITC testnet release is due within the next two weeks and will be capable of scaling from 1,000 to 10,000 transactions per second. ITC main-net release is, according to the team, ahead of schedule in Q2 (main net release in April seems very possible). The ITC main net will be capable of scaling up to 100,000 transactions per second. For reference, Ethereum and Bitcoin are capable of between 4 and 15 transactions per second, depending on network congestion.
Because of the security inherent to ITC’s network, it will be virtually impossible for malicious bots to infect IoT networks as recently happened with the Reaper IoT bot. This aspect alone makes a compelling case for the adoption of ITC and gives way to a very high ceiling in terms of market value potential.
Currently, centralized companies mine user data like crude oil which they refine into a profitable (for them) final product, alienating your sovereignty and value in the process. ITC recognizes this and proposes creating a secure operating system for the internet of things wherein users are returned their data sovereignty and the value that is rightfully theirs (see: https://medium.com/@IoT_Chain/iot-chain-itc-return-the-data-sovereignty-to-users-and-create-a-secure-operating-system-for-714ced3d589c).
The ITC token is integral and supports the ecosystem; any value transfer related to the rights of intelligent equipment will be settled with ITC tokens. This means that any and every transaction across the IoT Chain network will require ITC tokens, driving the value of tokens higher as adoption of IoT Chain increases.
Who has invested in IoT Chain (ITC)?
ITC has attracted some of the biggest blockchain funds in Asia as early investors:
What about partnerships and awards?
ITC has several partnerships that are announced, and many more undisclosed partnerships (due to Non-Disclosure Agreements). They are also strongly linked to Cheetah Mobile after the ITC team confirmed they met with Cheetah’s CEO in a private meeting. Cheetah Mobile is a Chinese $2 billion company with 634 million customers.
What is a potential valuation? What is coming up for ITC?
ITC has a current marketcap of about $145 million USD. IOTA by contrast is valued at $7 billion USD. Considering ITC's backing, connections, and position in the world's largest and most profitable Internet of Things market, ITC appears extremely undervalued with great potential as its currently NDA'd partnerships are revealed with the project's progress.
Where to buy $ITC
ITC is tradable on Huobi Pro, OKEx and Bibox
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Numerical, A-C 50k+

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IoT Chain (ITC) Overview

In order to understand the value and potential of IoT Chain (ITC), it is important to first delve into a bit of background on the Chinese Internet of Things market, and why DAG networks like ITC are uniquely suited to IoT applications.
China and it’s massive Internet of Things future
China is the undisputed largest Internet of Things market in the world, a market that by 2020 is projected to be worth nearly $1 trillion USD as smart cities, autonomous vehicles, and evolving mobile devices such as wearables increasingly come online in the inevitable march toward an inextricably connected future.
This market is, however, largely untapped as the problem of data/value transfer has been hitherto difficult to approach. Internet of Things applications will rely on instantaneous transactions of miniature values that enable a network of at-home power grids to transact excess solar power, or a smart car to pay a smart meter in real time for its parking (what is paid is thus no more and no less than the exact amount of parking time used).
Blockchain is problematic for approaching these types of nano-transactions because of the lag involved in creating consensus on the network. On a blockchain, many transactions occurring at the same time or in very close sequence will all end up on the same block which will then need to be mined (proof of work). This makes current blockchains very poor at scaling and unable to handle the sheer volume of transactions occurring per second in the very near-future of IoT device connectivity demands. Blockchains are, on the other hand, extremely secure because the consensus they create makes their data immutable, authentic, and distributed.
How does IoT Chain (ITC) solve this problem?
IoT Chain (ITC) is not a pure blockchain network; it is a hybrid network combining blockchain with DAG (Directed Acyclic Graph) subnets. Instead of requiring blocks to be mined for creating consensus around a transaction (proof of work), DAG networks do away with blocks all together and have transactions verify each other, allowing for highly scalable and instant transactions. ITC takes blockchain into a new paradigm by combining the best aspects of hyperledger blockchain & DAG technology (lead ITC developer commenting on this: https://imgur.com/a/NG4aO). The ITC testnet release is due within the next two weeks and will be capable of scaling from 1,000 to 10,000 transactions per second. ITC main-net release is, according to the team, ahead of schedule in Q2 (main net release in April seems very possible). The ITC main net will be capable of scaling up to 100,000 transactions per second. For reference, Ethereum and Bitcoin are capable of between 4 and 15 transactions per second, depending on network congestion.
Because of the security inherent to ITC’s network, it will be virtually impossible for malicious bots to infect IoT networks as recently happened with the Reaper IoT bot. This aspect alone makes a compelling case for the adoption of ITC and gives way to a very high ceiling in terms of market value potential.
Currently, centralized companies mine user data like crude oil which they refine into a profitable (for them) final product, alienating your sovereignty and value in the process. ITC recognizes this and proposes creating a secure operating system for the internet of things wherein users are returned their data sovereignty and the value that is rightfully theirs (see: https://medium.com/@IoT_Chain/iot-chain-itc-return-the-data-sovereignty-to-users-and-create-a-secure-operating-system-for-714ced3d589c).
The ITC token is integral and supports the ecosystem; any value transfer related to the rights of intelligent equipment will be settled with ITC tokens. This means that any and every transaction across the IoT Chain network will require ITC tokens, driving the value of tokens higher as adoption of IoT Chain increases.
Who has invested in IoT Chain (ITC)?
ITC has attracted some of the biggest blockchain funds in Asia as early investors:
What about partnerships and awards?
ITC has several partnerships that are announced, and many more undisclosed partnerships (due to Non-Disclosure Agreements). They are also strongly linked to Cheetah Mobile after the ITC team confirmed they met with Cheetah’s CEO in a private meeting. Cheetah Mobile is a Chinese $2 billion company with 634 million customers.
What is a potential valuation? What is coming up for ITC?
ITC has a current marketcap of about $145 million USD. IOTA by contrast is valued at $7 billion USD. Considering ITC's backing, connections, and position in the world's largest and most profitable Internet of Things market, ITC appears extremely undervalued with great potential as its currently NDA'd partnerships are revealed with the project's progress.
Where to buy $ITC
ITC is tradable on Huobi Pro, OKEx and Bibox
submitted by stardawg777 to itcofficial [link] [comments]

Top 5 Coins Under 100 Satoshis To Buy on Binance

Top 5 Coins Under 100 Satoshis To Buy on Binance

https://preview.redd.it/f2d4i8blqyo11.png?width=560&format=png&auto=webp&s=f4362f064dd4ce2f109b502cc2d2fb29c518eb12
2017 was the year when some cheap coins made 10x,20x and even more. But not everyone got a chance to catch on the rocket ride. Some of the low value crypto coins were technologically advanced and thus the rise in price of because of their improvements. While some are termed as “ShitCoins” or “PumpAndDump” Coins. It’s true that some of those coins are really shitty coins and are favourite for pumpers as these are easy to pump. These coins are low in Satoshi value, low in trading volume and hence can get pumped easily. It is strongly advised to stay away from Shitcoins as these can eat up your investments. Invest in those coins which have a good team behind it and are technologically sound,and which will create the demand for those coins in future. In this article, i have listed top 5 coins under 100 satoshis to buy on Binance

PundiX (NPXS)

As per the website,
“Most of the Blockchain today is far from ideal, with an over-emphasis on technology and the under-emphasis on creating real use cases. Pundi X’s philosophy is not only to build a technologically superior chain, but also one that has real-life application. A good Blockchain should have a user experience and performance that are way more superior than the current product in market. And that’s what we have achieved with our Blockchain called f(x). Currently, f(x) is already up and running on internal test environment. And we will continue to provide regular updates on the progress of f(x). We will walk the talk with f(x). It will be a game changer with real use cases to support it.”
PundiX is providing physical crypto-fiat machines which can be installed by merchants and accept payments in crypto from their customers. The cusotmers will pay in crypto via the PundiX machines and it will convert the crypto to fiat before remitting it to the merchant account.
PundiX had an all -time high of around 200 Satoshis in June 2018. But that was when crypto bull market was over and flat. PundiX has huge potential and can easily give your 15-20X returns in next bull run.

HOLOCHAIN (HOT)

When i got to know about HOT back in last week of August 2018, it was trading around 10 Satoshis. Just after few days, it went high upto 22 Satoshis in first week of September. 2x returns in just 10 days. But i still believe that HOT has a lot more room to grow.
Holo aims to change the internet and make it more human. It wishes to do so by working on the privacy of the internet and give back control to the users.

Siacoin (SC)

Siacoin, one of the most popular cheap coin is in a good buy zone these days. At the time of publishing this article, Siacoin was priced 92 Satoshis. Siacoin can go up till 600 satoshis and give you 6x returns from here in the crypto bull run. Do not buy full lot at current price. Buy in pieces and always accumulate when it dips.

SelfKey (KEY)

SelfKey is a blockchain technology based self-sovereign identity system that allows individuals and companies to truly own, control and manage their digital identity, securely manage their cryptocurrency portfolio and instantly onboard onto financial, immigration and cryptocurrency services.
At the time of publishing this article, KEY was trading at 88 Satoshis but back in early July this year, it was trading around 450 Satoshis. Part investments can be made at the current price levels.

Mainframe (MFT)

Although MFT was trading around 105 Satoshis at the time of publishing this article, it was around 80 Satoshis when I discovered it 15 days back.
As per the website:-
“Mainframe is the platform for decentralized applications. Resistant to censorship, surveillance, and disruption, the Mainframe network enables any application to send data, store files, manage payments, run tasks, and more. With the exception of a catastrophic asteroid event or an aggressive alien invasion, the Mainframe network is simply unstoppable. We build with five fundamental principles as our guide.”
The MFT project has a good working team and some solid advisors which had work-ex of Facebook, Microsoft and Google.
During the first week of July, MFT coin was trading around 330 satoshi. Still 3x potential from current price.
NOTE:-The above tips are not any professional financial advise. Please do your own research before investing.
original: https://kryptomoney.com/top-5-coins-under-100-satoshis/

submitted by crypt0hodl1 to PundiX [link] [comments]

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