The Internet of Things describes physical objects equipped with sensors, processing power, and other technologies. It aims to exchange data with other systems over the Internet. In this article, let’s examine the top 5 IoT coins that represent this technology in the cryptocurrency market. Analyst Will Izuchukwu lists the best IoT coins to watch for the rest of the year.
Here are the 5 best IoT coins to watch in 2022
INT
INT was designed to quickly integrate with any IoT protocol. It describes itself as the Internet of Things (IoT) Ecosystem. INT provides easy integration with any IoT protocol:
- Use the case-oriented approach: Connecting network operations to practical applications, enable the architecture of the INT public chain to evolve to adapt to new and existing IoT application scenarios.
- Innovative “double chain” network architecture: It includes block validation, consensus and separating transactions between main chain and sub chains to achieve better efficiency.
- Developer-friendly smart contracts: INT is developer-friendly. INT allows smart contracts to be developed in multiple languages. It is also EVM and WASM compatible. DAPP on INT can be developed at very low cost using existing techniques.
- Leading application development framework: INT provides integrated and optimized SDN, Blockchain and fog computing technologies that follow the “loop-stage implementation” model. These application development methods are used by INT when implementing applications for their partners.
INT is currently open for trading on OKX and PancakeSwap (V2).
Geek (GEEQ)
All blockchain-powered applications can operate on Geeq’s decentralized platform. Unlike legacy Blockchain technology, there are no “main chain” bottlenecks or common overheads. Because each application is powered by its own Blockchain, businesses, independent developers and organizations can focus on what they want from their applications.
- Geeq Chain– Strengthening the system: Geeq Chain is an incredibly secure, user-friendly and future-proof Blockchain infrastructure.
- Geeq Pay – Pay and get paid: Geeq Pay is a blockchain-based payment system that offers radically affordable digital payments of all sizes.
- Geeq Data – Always secure: Geeq Data provides the exact specifications for adoption. These include light, unbiased, consistent records of real transactions. The Geeq protocol offers a durable, quantum-ready authentication layer that is very secure and upgradeable.
IoT coin Geeq is currently traded on KuCoin, Hotbit, AscendEX (BitMax), Uniswap (V2) and Bilaxy
Robonomics.network (XRT)
Robonomics is an open source platform for IoT applications that enables the exchange of technical and economic information in the form of atomic transactions between user applications, IoT services and complex robotics. XRT is the utility token that makes it possible to control IoT devices on the Ethereum network and the Robonomics parachain. Robonomics aims to provide the Internet of Things market with safer and more sophisticated Internet solutions at every stage of human-machine connectivity.
The following are the primary goals Robonomics was built on:
- IoT device management with decentralized cloud: While adopting a permissionless Blockchain, we can make sure that the providers are accessible everywhere and the digital twin is well protected from unauthorized changes.
- Techno-economic transactions between humans and machines: If payment and terms of service are inextricably linked with device launch parameters, today’s applications developed to connect end-user and IoT devices will be much more effective.
- Serverless IOT applications for users: No authentication or connection to a specific server is required to obtain telemetry and control the device.
XRT is currently traded on exchanges such as Huobi Global, Kraken, Jubi, Uniswap (V2) and Bancor Network.
0Chain (ZCN)
0Chain is a decentralized storage system with the goal of providing data privacy, protection and even private sharing. It is designed to assist organizations with zero risk in ensuring GDRP and CCPA compliance and transparency. Developers and companies are its primary customers, as it provides a single source of truth for documents and a better way to protect data with excellent performance and minimal risk.
Numerous cryptocurrencies, including Bitcoin, use the energy-intensive classical proof-of-work consensus. Due to the high cost of operation and the need for specialized equipment to mine effectively, mining centers tend to be clustered. However, 0Chain solves this problem by adopting a PoS mechanism to generate consensus and mine blocks.
ZCN is currently traded on Gate.io, Bitfinex, Uniswap (V2) and Bancor Network.
Ambrose (AMB)
Ambrosus is a Blockchain-based ecosystem that manages the industrial sector’s sensing devices, supply chains and smart cities. It aims to provide secure, transparent and integrated data management in sectors of the global economy. It describes itself as a low-cost and ultra-secure L1 Blockchain scaling solution with high throughput and decentralized storage. Mainly made for businesses optimized for the future of DeFi, NFTs and IoT.
According to the information on the website, its huge ecosystem is managed by more than 700 nodes. It scales the network and offers much more robust decentralization than other layer-1 blockchains. Ambrosus is pushing the placement of its bridges on ETH and BNB Chain, DEX, DAO and other platforms, making Ambrosus a leading participant in the DeFi space.
AMB is currently traded on the largest cryptocurrency exchanges such as Binance, KuCoin, and Mercatox.
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