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You are here: Home / Archives for IOTA market

IOTA market

IOTA In Policy Making and Regulation

February 14, 2020 by Richard M Adrian

Great administration is basic for the development of good technology. Both, be that as it may, have a sort of harmonious relationship. The mandate of future-minded policies is to create a world strict compliance laws that do not affect the prosperity of innovation.

It would seem that the blockchain’s practicality was only aligned to finance. However, trends in the application and implementation of blockchain have proved otherwise. Blockchains are driving social transformation and the creation of new governance structures.

The Internet of Things (IoT) and its coin IOTA, is working with national, regional and global level policymakers to create sustainable governance. 

Implications of Blockchain and DLT in Policymaking

The biggest challenge the blockchain needs to overcome is regulatory scrutiny. To understand the implications of innovation policy makers and financial regulators are still digging in. The space is still uncertain and it is highly speculative how policymakers will choose to regulate it.

Meanwhile,  the social impact sector is also attempting to experiment and adapt blockchain. This has led to the rise of terms such as blockchain charity, decentralized justice, and governance.

IOTA is fascinated to address all these challenges. The internet of things coin is betting on a better world where people with good intentions come together to design and deploy beneficial technology. 

In a press release on its website, IOTA announced to incorporate a distributed ledger non-profit foundation in Germany. The foundation will steward fundamental commitments of the European Union in law, governance,  constitution, and human prosperity.

Challenges in governance that the foundation wishes to address include administrative costs and unclear regulatory structure. There has been proof that smart contracting can help reduce overhead costs by cutting intermediaries in administration.  

IOTA Public Regulatory Affairs and PolicyMaking

IOTA together with its Public Regulatory Affairs teams is providing expert briefs, lawmaking reports, educative workshops and reports to compliance and policymaking bodies across the world. The foundation will work with major advocacy groups and innovators around the IoT and  DLT space.

Therefore forging partnerships that are likely to contribute to the deployment of effective, principled and innovation-friendly public policy frameworks that hold public interest at its core. In the release, IOTA promised that it would hold this responsibility seriously. 

In 2018, Malta made history as the first government to set a regulatory framework for blockchain, distributed ledger, and cryptocurrencies. The engagement of government in the decentralized universe made the Island one of the most favorable destinations to set a blockchain enterprise.

This shows how significant favorable governance structures can be for the development of blockchain innovation. The structure of the IOTA foundation makes governance an important mission to its mandate.

For instance, the foundation gets the majority of funding from government grants.  Donations from various individuals and enterprises make the organization put the interest of good intentions into its heart.

IOTA believes that active engagement with policymakers and regulators will drive the next phase of growth for the distributed ledger.  

It is interesting and fascinating to watch the unfolding of this technology, especially the interweaving of Blockchain and the Internet of Things in governance. 

 

 

 

Filed Under: Altcoin News, Education, Industry, News Tagged With: Blockchain, Crypto Regulations, Decentralized Applications, IOTA (MIOTA), IOTA market

IOTA Raises The Bar With Latest Coordicide Release

February 4, 2020 by Ketaki Dixit

Network developments have been the hallmark of the growing cryptocurrency industry and several coins have taken the motto to heart. IOTA, the cryptocurrency based on the Internet of Things [IoT] has been at the forefront of such developments and recently launched another update.

On February 3, IOTA announced that they had launched the Coordicide alphanet 0.1.0 to bolster the cryptocurrency’s network.

The alphanet was initially supposed to be released on the Rust-based node in the second quarter of 2020. IOTA decided to change directions because of the success attained by the company’s Hornet team.

IOTA stated that the alphanet will act as an important stepping stone towards reaching a coordinator-free IOTA mainnet. Coordicide also has multiple implementations within the network, with GoShimmer being its Go implementation.

The latest Coordicide implementation also has multiple features embedded in it. These features include Autopeering, Gossip, API and Rate Control. Autopeering allows automatic peer discovery and distance-based neighbor selection. The Gossip tag enables the network layer to send and receive new transactions.

To ensure that there is a controlled usage of the network, rate control was implemented. This feature is a temporary non-mana based rate control to limit transaction issuance. According to an official IOTA  release:

“In our tests, a new node joining the network takes only a few seconds to discover and connect to neighbors. Similarly, when a node goes offline, its neighbors find an alternative within a few seconds. This responsiveness of the network is particularly important for the dynamic environments we are designing IOTA for, where nodes can join and become active at any time, for any period of time — especially important with sporadic connections.”

IOTA claimed that the future versions of GoShimmer will include a number of performance enhancements. The company further urged the community to contribute to the development of the IOTA ecosystem. The company also informed users that they were in the process of building multiple modules. These modules are slated to release one by one in accordance with IOTA’s roadmap.

The modules include Snapshots, Mana, Initial FPC implementation, Tip selection, and Mana-based rate control. The release comes in the wake of Sergey Invancheglo threatening legal action against fellow co-founder David Sonstebo. Invancheglo has accused his compatriot of embezzling 25 million MIOTA tokens.

Filed Under: News Tagged With: IOTA (MIOTA), IOTA market

IOTA price forecast: The market falls as MIOTA price trades in the oversold region

August 14, 2019 by Azeez Mustapha

Key Highlights

  • IOTA/USD pair is trading below the $0.25 price level
  • IOTA market had been trading above the historical price level of $0.25 since April
  • The coin is likely to rise again as the market reached the oversold region

IOTA Current Statistics

The current IOTA price: $0.238367

Market Capitalization: $662,549,024

Trading Volume: $9,434,046

Major supply zones: $0.30, $0.35, $0.40

Major demand zones: $0.20, $0.15, $0.10

IOTA Price Analysis August 14, 2019

The price of IOTA is bearish as the market reached the oversold region. Presently, the market is trading above the $0.25 price level. This was the previous low of April when the market reached the oversold territory.

On April 28, the bulls scored an upward movement but were resisted at the $0.30 price level. The market fell to its previous low and commenced another upward move and broke the $0.30 resistance level.

The coin rose and reached the $0.45  overhead resistance in May. The market was trading below the $0.45 price level since the previous month before the bulls were resisted on June 22. The crypto‘s price fell, and it is currently trading above the $0.25 price level. On the upside, the price of IOTA is likely to rise because the price action may respect the historical price level.

 

IOTA technical price analysis Tron Weekly

Chart Indicators Reading

The RSI (Relative Strength Index) Period 14 is level 33, indicating that the coin’s market is advancing towards the oversold region. The 12-day EMA and the 26-day EMA  are above the IOTA price, which means a bearish signal.

The price of IOTA is likely to rise after testing the lower trend line. On the upside, if the crypto’s price rises and breaks the upper trend line and then closes above the trend line, the market is likely to resume its bullish trend.

General Outlook for IOTA

IOTA price is likely to resume its bullish trend because the price seems to have reached the oversold area of the market. As was the case in April this, buyers are expected to emerge. Traders should benefit and lookout into buying setup to initiate large orders. Traders should place stop-loss orders below the $0.24 price level.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Market Analysis Tagged With: IOTA (MIOTA), IOTA market, IOTA Price, Price Analysis, price of IOTA

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