IOTA – Bitpanda
One of the leading crypto-exchanges in Europe – Bitpanda, has declared that it will be adding on its trading lists. The decision came after noticing the demand and appeal that the coin had for the community. According to the post, the exchange will give IOTA the green card to change hands form the 14th of June, 2018.
IOTA Partners with Norway’s Bank
In the terms of developing and exploring the Internet of Things, IOTA has recently partnered up with Norway’s biggest bank. The above-mentioned bank is DNB ASA and presents the leading banking service in Norway.
The partnership was signed by the firms on May 31st as and outcome of both looking into ways to implement new tech with IOTA’s Tangle being the centerpiece.
“As Internet of Things (IoT) and Machine to Machine (M2M) communication and payment for microservices seem to escalate in the future, we think engaging in a Distributed Ledger based technology like IOTA gives us valuable experience and know-how on future revenue streams and business models. We are looking forward to dive into the IOTA space.” – Lasse Meholm, Head of Distributed Ledger Technology at DNB
Known as the “blockless – Limitless capacity” platform supported by the Tangle network, IOTA differs heavily from most cryptocurrencies. Even that the cryptoverse is made mostly up by projects strongly supported on blockchain, IOTA introduced a coin that is not utilizing blockchain tech to function.
Comparing to leading blockchains that demand high transaction fees, IOTA’s Tangle delivers the solution of zero-fee/per transaction. For the system to function properly, there is no need for miners to complete transactions as the network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested.