Roger Balister, G3KMA, Bob Barden, MD0CCE, Cezar Trifu, VE3LYC and Johan Willemsen, PA3EXX, are the team who will implement the IT changes and some of these will form the IOTA Foundation, with representation from radio amateurs at home and abroad. One major task for the new organisation will be to develop a new online credit system that is due to be completed in 2017. Everybody already bought their ticket-NFTs¹ directly from their IOTA wallets² via a ticket-vendor plug-in and they are ready to go. It will be run by IOTA enthusiasts and will manage the IOTA programme in partnership with the Society. That work has now come to fruition and we are pleased to announce that a new organisation will be formed, to be called the IOTA Foundation. Since that time, a small group of IOTA enthusiasts has been working with the Society to ensure that the IOTA programme continues to grow and play the prominent role that it has done in Amateur Radio DXing and contest activity for the last fifty years. Last year the Board identified a number of challenges that the programme faced, not least of which was the need to provide an IT system that would allow online island credit submission akin to Logbook of the World (LoTW). It is perhaps second in scale and scope to the DXCC award indeed, many would argue it is even more challenging than that programme. The last fifty years have seen the programme grow to 2,500 active island chasers and approximately 15,000 more casual participants. Frankly, they’re infinitely more creative than I am so the way I see it, anything is possible.The RSGB Islands on the Air (IOTA) programme celebrated its 50th anniversary as a premier DX programme in July 2014. ![]() There are plenty more examples of how the iota foundation can create value for the tangle and accompanying coin, it’s just a matter of time until they are fleshed out. Again, nearly impossible to estimate how big of a market this could be. Snsteb said that IOTA is committed to building a machine economy where people and companies can use their information to make a profit. If all of this happens to come together the entire crypto market could be run through the tangle. IOTA founder, David Snsteb, discusses the importance and progress of distributed ledger technology and the future of the cryptocurrency. ![]() This goes hand in hand with the Peaq.io project which will allow for coins akin to Ethereum’s ERC-20 coins. If their oracle IXI module introduces the interoperability people think it will, the tangle will be the go to means of value and data transfer for all blockchain and DAG’s. IOTA is trying to make nano payments possible. This is a market that doesn’t exist yet so it’s hard to say exactly how big it could be but trillions of dollars are lost on uncaptured data annually so this could very well be another trillion dollar market or more.Īnother potentially massive market for Iota could be cryptocurrency itself. IOTA is a newer technology which uses the Tangle to verify and broadcast transaction in the network. Currently, this cryptocurrency is located at position 24 in the list of cryptocurrencies, with a value of 1,63 USD. The difference I see is instead of connecting people and data Iota is connecting people to the true value of their data by allowing them an efficient means of managing it financially. What IOTA can do with the data marketplace is eerily similar. Think of what google did to connect people and data thanks to the. This doesn’t even take into account other factors such as the monetization of data via the data marketplace. Even with a modest 10% market capture at the lower estimate and 1 MIOTA is worth $141. IOTEX’s market capitalization is almost 1,219,389,715, compared to 4,054,652,679 of IOTA’s market capitalization. IOTA has an advantage over IOTEX in case of market capitalization. Nonetheless, the development of IOTA can be tough. If the idea of IOTA can be fully implemented, the future of IoT can flourish. However, IOTA’s zero service fee, good extensibility, and close relationship with IoT makes it an irresistible trend. We’re talking about a 3.9 to 11 trillion dollar market by 2025. Market capitalization can also tell a lot about the possibilities of choosing IoT blockchain platforms. IOTA is unusual in the world of blockchain due to its tangle structure and trio-logic PoW algorithm. I work in a space where it’s most of my world so I see it’s potential almost every single day. ![]() I find most naysayers don’t realize just how big the IOT is going to be. 100 per MIOTA is $270 billion market cap, bitcoin was at that earlier this year. In the process we solved the main pain points of transactions no fees,' said IOTA co-founder David Sonstebo, in an interview with CoinDesk.
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