Newsflash: IOTA shows a new Proof-of-Concept, Tron development-Update & Ripple “Multi-Hop”
Home News Newsflash: IOTA shows a new Proof-of-Concept, Tron development-Update & Ripple “Multi-Hop”
Marcus Misiak –
Of a new Proof-of-Concept in the case of IOTA, about the development Updates of Tron to a new feature in Ripple. Here are some short news from the world of crypto-currencies today are interesting.
On the NewCo conference in Toronto BIOTAsphere has unveiled a new Proof-of-Concept solution for the insurance of automobiles. BIOTAsphere is a Toronto based company, that of IOTA, the Hub is supported and working on the development of real-world use cases of IOTA for the Industry focused.
In the Video shown in the Demo is based on the IOTA Protocol and a two-year-old Tesla. The Proof-of-Concept shows how the IOTA-can Ledger be used to automatically switch the insurance of the car owner, based on how safely the driver drives. On the basis of the driving way, the technology automatically determines the best possible insurance rate and paid for the insurance with IOTA-Token.
Tron yesterday delivered an Update via a Live-Stream of the development progress of the platform. Founder and CEO Justin Sun began to compare the network activity of Tron with other block chains and explained that Tron had in the first 95 days after the launch of the Mainnet more unique addresses than Ethereum after its Launch.
Sun has also announced that Tron destroyed at the present time, 98% of all ERC20, Ethereum-based TRX-Token.
In addition, Sun announced more Details about how Tron and the File-Sharing platform BitTorrent together Project Atlas is to merge (“”). To this end, he explained that it is a new TRX20-Token (Tron-based Token), the users should provide the incentive to share files and increase the Download speed. The “Tokenization” but should not be mandatory, users should be able to use the platform as before, without the new Token. In addition, Sun assured that BitTorrent remains free, and users continue to be allowed, all types of files to upload.
Ripple has announced on Friday that Thailand’s Siam Commercial Bank (SCB) is the first financial institution, which is the “Multi-Hop”function uses the RippleNet, which enables financial institutions, payments on behalf of other banks in the network, without paying for a bilateral relationship between the banks.