You can already see the light at the end of the tunnel
The full article was originally published by Markus on Medium. Read the full article here.
An article about the cryptocurrency IOTA, the planned Coordicide, the economic dimension of the IOT as well as the partnerships of IOTA and projects with the Tangle. Also a short statement from the Co-Founder of the IOTA Foundation Dominik Schiener to the Coordicide. For those who are more interested, we have linked many things.
At the moment we are in a revolution, because “ a revolution is a fundamental and sustainable structural change of one or more systems”, and that happens currently.
The current revolution will result in a transformation of our society, industry and the handling of data. It is the change to a digitized world, to Industry 4.0 but also to a changed handling of resources, better living spaces in cities and a climate-friendly energy supply. I think there will not be one stone on the other, but do not worry: it is a gratifying revolution that will ultimately also make a significant contribution to solving the major global problems. But, like every major change, it also poses major challenges for all the actors.
For example, industry in 2019 is still facing one of its biggest challenges so far. A modern digitalization is not yet reached today, technologies are developing much faster than the industry can keep up. The Internet of Things and its smart networking has already made some contribution here, but a key question these days from decision-makers worldwide is: What support can cryptocurrencies at this point afford? And which cryptocurrency will prevail over others because of its advantages.
Blockchain became part of this big revolution with Bitcoin in the year 2008. But Bitcoin and other cryptocurrencies have fundamental drawbacks. IOTA tried to solve these disadvantages with a new Tangle technology. That’s why many experts call IOTA the cryptocurrency of a new generation.