In recent years, the Internet of Things has been pushed to the commanding heights of the industry, and its every move will affect the direction of the industry. It is reported that IOTA mainly serves the Internet of Things, and IOTA uses Tangle technology to involve the Internet of Things. In this crowded track, ETC and IOTA will be the hegemons of the Internet of Things.
After entering November, the market value of IOTA soared more than 8 times, and jumped into the top four of the digital currency rankings, successfully defeating the old digital currency Ripple. IOTA mainly serves the Internet of Things, and the point of speculation is also the Internet of Things. The Internet of Things has been a relatively hot concept in the past two years, so the IOTA price surge is also reasonable. However, as the old digital currency ETC has also begun to test the Internet of Things, the Internet of Things as a breakthrough. So, as the two giants in the Internet of Things field can stand out in the future competition, let's simply make a comparison.
ETC is the built-in encrypted digital currency of Ethereum's original chain, and the system has been running stably for a long time. Its core development team is composed of technical experts with rich experience in blockchain development. The decision-making and implementation of its technical solutions are democratic and scientific. The technology used by IOTA is similar to lightning networks and lightning networks. Lightning network technology itself is a more avant-garde technology. The Bitcoin core development team first proposed the use of lightning network technology to solve the problem of bitcoin expansion, but it has only stayed in the theoretical stage and has not been implemented. The community also generally believes that this technology lacks practical testing and needs stability. test.
The cryptography theory and principles used by ETC have been widely used in other IT fields before, and have been proven and optimized. It is a mature, safe, reliable and efficient information technology. The IOTA uses a balanced ternary (a three-digit numerical system) on a binary hardware device, which results in a system design that is too complex, resulting in reduced computational efficiency. Another serious problem with this design is that the cryptographic hash algorithm must be redesigned, which poses a serious safety hazard. To put it simply, this technology is still only in the theoretical stage, too avant-garde, and does not have the value of practical application.
The issuance of ETC is completely decentralized, the currency price is not easy to be manipulated, and the implementation of the new monetary policy will guarantee the ETC's circulation limit to be a tight digital currency, thus ensuring its value storage attributes. IOTA is a 2014 ICO project that has always been a hit. IOTA's large amount of tokens is in the hands of a few people, and prices are easy to manipulate, which is one of the reasons why prices have risen eight times in less than a month. This centralization trend is very unfavorable for the long-term development of the community. IOTA does not need mining, there is no transaction fee, each participant provides power for the network, lack of corresponding incentives, which is extremely unfavorable for the stability of the IOTA network.
IOTA uses Tangle technology, this technology is not a real blockchain, just to solve the problem of blockchain expansion, blockchain is just a scorpion of IOTA. So IOTA can be used as a technology in the Internet of Things, but it cannot be used as a digital currency.
Compared with IOTA's blind pursuit of new technologies, new concepts and new theories, ETC is very stable every step of the way, step by step, more keen on mature and stable technology, and constantly innovate under the premise of safety and stability. The Internet of Things field is also one of the largest application scenarios for ETC. The ETC development team has begun to develop the IoT-friendly virtual machine, making it universal, independent and efficient.
In addition, in order to better use IoT applications, the ETC community has reached a consensus and developed a development plan for cross-chain operation functions. Aiming at the ever-increasing transaction data in the Internet of Things, we have designed fragmentation technology and sidechain technology to improve efficiency while improving security. The goal of the ETCDEV team is to make the ETC blockchain a stable and easy-to-use technology. It is better to slow down the development process and not to do some aggressive experiments to prevent the loss of users caused by irreparable mistakes in the future.
In short, ETC is more like a stable and easy to use technology, IOTA is more like a pioneering experiment. The most important application of large-scale technology is to stabilize and use rather than blindly pursue new concepts and technologies. Therefore, ETC has the universality that IOTA can't match, and has stronger application support ability in the field of Internet of Things.
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