Bitcoin, Crypto currency, Blockchain

Dr. Ingo Fiedler: IOTA could climb to 3rd place

d31276ade3f662f024d2df1d91d3d083 - Dr. Ingo Fiedler: IOTA could climb to 3rd place

In an Interview to the Bundesdruckerei Dr. Ingo Fiedler in terms of IOTA bullish. In his opinion, the chances are good that it could enforce a crypto-currency that is based on how IOTA on a direct acyclic graph (DAG). About plans on an on the Tangle-based ID-Card have been known.

IOTA and Tangle are in the crypto-Community is still disputed. During the celebrations a capacity for innovation and, above all, the idea behind the currency for the Internet of things, there are always critics who criticize the centrality of the system. The current Status of the Tangles makes it ultimately necessary that there is a “coordinator” in order to stabilize the tangle behind, under and around IOTA. (More to IOTA here and the Tangle here).

Nevertheless, numerous companies are convinced of the future potential of the technology around the initiators Dominik Schiener and David Sønstebø. In addition to partnerships with industry giants such as Bosch, Microsoft and Volkswagen, the Team recently announced a cooperation with Taipei, capital of Taiwan. Together with the Department of information technology and the Startup BiiLabs the Foundation is now working on a way to manage identity on the Tangle. A souveränerer dealing with identities of data should be possible. In addition, the city promises a more transparent and safer management of data.

To do this, especially on the Tangle, the technology behind IOTA. Instead of a Blockchain, it is an acyclic graph in which transactions are processed synchronously. As a result, the technology promises improved scalability, and the ability to make micro-transactions in the range of things possible.

Bullisher comment from the research

These benefits are there, the Dr. Ingo Fiedler of the University of Hamburg. In an Interview with bundesdruckerei.de he says that IOTA has the Potential to come behind Bitcoin and Ethereums Ether of the Top 3 crypto currencies. To the question what currencies, in his opinion, the most important Crypto, he gives the following answer:

“[…] of the currently existing Kryprowährungen, in my opinion, be only three. The are Bitcoins, the place technically, but the biggest network effect and the second is Ethereum, which is about to play in corporate Finance have a role, and “Smart Contracting”opportunities.”

To the question, what is the third important crypto-currency in the League, comes Dr. Ingo Fiedler will speak on the technology behind IOTA:

“This is a currency that is based on a “Directed Acyclic Graph” (DAG) – essentially a multi-dimensional Blockchain and highly scalable. Here is the first DAG to name a currency based on the IOTA, which works in contrast to the “normal” Blockchain the better, the more transactions are made.”

The IOTA course is currently on a similar descent like Bitcoin and Ethereum. With a IOTA-rate of 0.99 Euro, the crypto-currency is currently at a 24-hours-a loss of 4.81 percent. In addition, the Figures are also in the weekly review red – here we see a loss of almost 16 percent. In the monthly course of which makes a loss of 33 percent. (18.06.2018 12 O’clock).

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