Forget Iota (MIOTA), VeChain (VEN) Owns the Internet of Things

Forget Iota (MIOTA), VeChain (VEN) Owns the Internet of Things

Forget Iota (MIOTA), VeChain (VEN) Owns the Internet of Things

The Internet of Things (IoT) is upon us. The interconnected sensors and data loggers transacting with one another in cyber-space have made their way to the forefront of our lives. And as we stand at the precipice of the future provided to us by the God’s of the crypto-universe, this exciting new technology is not just passively being accepted; The IoT is being heralded as one of our great societal and technological achievements.

The associated tokens representing the companies behind-the-tech are attracting a growing number of eager investors each day. In a world of communicating products, data loggers and trackers (embedded into every aspect of our lives) make transactions with the currencies of their parent companies. And the demand produced by these information sharing micro-bots makes holding the alternative currencies representing these companies very attractive.

Still, as the competing currencies of newer companies advancing the Iot (we see you Waltonchain (WTC)) begin appearing on a growing number of exchanges, investors may be left wondering if they made the right call when choosing between the tokens championing this space. When it comes to Iota (MIOTA) and VeChain (VEN), the choice is clear. VeChain (VEN) owns the IoT.

VeChain (VEN)
VeChain (VEN) has created the world’s leading blockchain platform for products and information. Creating a distributed, trust-free, business ecosystem, the team behind VeChain (VEN) has gone way beyond whitepapers and roadmaps. Implementing products across multiple industries, VeChain (VEN), one of the earliest blockchain technologies, has deployed their trackers and micro-chips into everything from designer handbags to agricultural fields.

Backed by the VeChain Foundation, the company’s sponsor entity, this champion of the IoT has a bright future ahead. While the Singapore based non-profit maintains an affinity for corporate governance over the decentralized nature of the blockchain (bummer), they are never-the-less committed to the development of VeChain (VEN) and it’s array of usable products going forward.

VeChain (VEN) chart courtesy of coinmarketcap.com

The company’s current growth reflects the resilience of their product line. Looking at the broader market, VeChain (VEN) was one of the first companies to rebound from the lows of the current downturn. But rather than stagnate below the water line (as their closest competitor in the space, Iota (MIOTA) has), the VeChain token has nearly double over the past week.

Iota (MIOTA)
Iota (MIOTA) promises a whole new ballgame in the IoT space. Iota’s (MIOTA) ‘Ledger of Things,’ is billed as a solution to the problems of scalability and security surrounding yesterday’s tech. It seems the blockchain just won’t cut it for this ‘Sleeping Giant,’ and the solution for this archaic technology lies in the teams Direct Acyclic Graph, simply known as the Tangle. With the Tangle, companies are able to explore new business-to-business models, making technological resources trade-able on an open market. Settling transactions on demand, trading exact amounts without fees, the increased speed and efficiency of the Tangle may yet prove a necessary component in the future of the IoT.

Iota (MIOTA) chart courtesy of coinmarketcap.com

Iota (MIOTA) took a beating with the rest of the altcoins recently, and recovery has been slow. Still anguishing from their Microsoft faux pas (having boasted falsely of a partnership between the two companies) Iota (MIOTA) is down from a month ago, struggling to regain the confidence of investors in the new year.

VeChain (VEN) Owns The Internet of Things (IoT)
For now, VeChain owns the IoT. With working products, tested principles and investor confidence backing their currency, the company’s growth during the latest market crash is a testament to its potential. Trusting the future of the IoT to blockchain technology, VeChain (VEN) has been able to focus on the development of real-world solutions to the current problems affecting the industry. While Iota (MIOTA) may hold an important key to the future of the IoT, today’s market stance is clear. The tangled web of theoretical algorithms and botched partnerships displayed by the Iota (MIOTA) team will never truly compete with the array of available products already deployed in the field by VeChain (VEN).

Micah C. Miracle – Follow me on YouTube for more!

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14 Comments

  • Jim Bob

    Disagree. I think many are trying to discredit IOTA and bring the price down as low as possible so they can buy in before it potentially doubles or triples in the next year.

    9 months ago
    Reply
  • slook

    micro-chips into everything from designer handbags …. ahahaha wtf is that shit

    9 months ago
    Reply
  • Jay O.

    Yes, buy Waltonchain….the company that’s seen their price rise AND fall by over 100% in the last month. Everybody loves this kind of volatility, right?

    But stay away from VeChain….the company that’s seen a steady 300% growth over the past month.

    9 months ago
    Reply
  • Micah C. Miracle

    omg. haha.

    9 months ago
    Reply
  • John Smith

    Hahaha. I almost never leave comments about these stories, but this one was among the most ridiculous FUD that I have ever read since I began speculating on cryptocurrencies.

    Now, here’s why, for the would-be victims who have no idea what they are investing in and will undoubtedly read this:

    Straight from the Reddit ‘subreddit’ sidebar description: “https://www.reddit.com/r/Vechain/” it says that “VeChain is … with scalability up to 10,000 tx/s.”

    First of all, IOTA is a _directed_ acyclic graph, not a direct acyclic graph. If the author knew what a DAG was, and IOTA’s strategy of requiring two transaction proofs of work to be submitted before queuing a new transaction, then they would also understand that the scalability of IOTA _increases_ in proportion with the number of its users making transactions.

    If they had known that, then they would not have been so silly as to brag about 10,000 tx/s, when IOTA is only limited by the bandwidth of the underlying communication networks that its transactions are carried out across.

    Does Vechain use Lamport signatures to provide futureproof protection against increasingly powerful computers that may one day break the security of present-day cryptocurrencies, like IOTA does? Of course not. It is just piggybacking on the Ethereum blockchain as a ERC20-token.

    So how about these wonderful partnerships they claim to have? I’ll pick a company I’ve heard of before: Renalt Group.

    So when Googling: Renault Group “VeChain,” I get this Reddit post:
    https://www.reddit.com/r/Vechain/comments/74h39t/renault_press_release_proving_collaboration_with/

    claiming that this article:
    https://media.group.renault.com/global/en-gb/media/pressreleases/94238/groupe-renault-microsoft-et-viseo-sassocient-pour-creer-le-premier-prototype-de-carnet-dentretien-nu1

    proves a partnership, when the phrase “VeChain” cannot even be found in the article. So people are supposed to believe that those partnerships actually exist?

    If you were not educated enough to realize all of the above before I wrote this, get out of this market _now_, I am speaking directly to you, before you ruin yourself with a ponzi scheme like this.

    9 months ago
    Reply
  • Jeff Perkowitz

    lol, I love how this is posted right below the Diamler Iota article. Top notch!

    9 months ago
    Reply
  • Ross Peili

    There is not 1 in a million where VEN beats IOTA, very bad choice of headline. – VeChain, is the only blockchain based platform that doesn’t have an official white paper. Their blueprint and website have minor information and their English is far from basic. – I agree with the above statements about Walton (WTC). Walton already does whatever VeChain wanted to do plus 10 other things. – The only reason anyone bought VeChain in the beginning was the supposive parternship with LV, which was apparently canceled. – I hear they are planning on rebranding, so there is no way VeChain is owning the Internet Of Things. Kindly, your fellow writer, Ross Peili.

    9 months ago
    Reply
  • Joris

    Why are you showing a 7day graph for VeChain and a monthly chart for Iota?
    If you look at the list seven days of the iota chart, it is comparable to VeChain, except that Iota recovered quicker from general crach on 17.10.2018

    9 months ago
    Reply
  • Joris

    Why show 1week graph for VeChain and 7 day graph for Iota?
    If you look at the last part of the IOTA graph, it is exactly the same as VeChain except iota recovered much quicker from general crash at 17/01/2018

    9 months ago
    Reply
    • damien b

      isn’t a week = 7 days?

      9 months ago
      Reply
  • CCK

    Buy Waltonchain at half the price, with a better company and more Government contracts, Buy VEN when WTC over takes VEN then rinse and repeat

    9 months ago
    Reply
    • Micah C. Miracle

      brilliant. 🙂

      9 months ago
      Reply