IoE – the Internet of Everything – is formed by networking data, processes, things and people. It is able to create connections between different kinds of objects such as people, devices, *appliances, data, processes and things into a single intelligent process. The context in this is that in IoE, almost everything is online and connected […]
Consensus Mechanisms Explained
Financial service providers such as Visa or Mastercard do not need a consensus mechanism because they themselves control the entire network. When someone uses their Visa credit card, the information is sent to a central database managed by Visa. All users of a Visa credit card trust that this company will protect all personal sensitive […]
The Classic Blockchain – Function And Disadvantages For The IoE
To see the advantages of IOTA’s distributed ledger technology over the classic blockchain, we first need to understand how the blockchain works in broad terms and why the currently existing disadvantages, disqualify the blockchain for the future IoT. What problem does the blockchain solve? This question is best illustrated with the trust problem of the […]
The Internet of Things (IoT) Explained
The Internet of Things (IoT) refers to the use of intelligently networked devices, systems and everyday objects to utilize data. In the future, things will be networked with each other and exchange data over the Internet, and even vehicles and buildings will be included. The future IoT will create a large digital ecosystem with far-reaching […]