The Internet of Things (IoT), like Artificial Intelligence, is taking our world by storm as it enters every sector from finance, education, medicine and the military to transportation. According to CoinMarketCap data, the total market cap of Internet of Things (IoT) cryptocurrencies is over $4.5 billion. In this article, let’s get to know some of the most important altcoin projects in this category.
Top 5 IoT altcoin projects for 2022 radar
NKN (NKN)
NKN, or New Kind of Network, enables P2P networks powered by public blockchains. Launched in July 2019, NKN Mainnet currently has up to 25,000 full consensus nodes. According to its website, NKN is built to work directly without using an IP address. Data is only stored locally, providing the highest possible privacy and security protection.
The NKN Ecosystem is robust and offers solutions as seen below:
- nMobile: There are complex solutions for decentralized chat, wallet integration and solution usage with nMobile. Deleting all central servers eliminates the risk of security and privacy breaches.
- nConnect: Users can access all their personal information and files with one click whenever and wherever they want.
- DataRide: Users have access to tailor-made solutions (such as nConnect) and detailed resources for developers who want to build their applications.
- Exchange: You can buy NKN at the current rate on top cryptocurrency exchanges such as Binance, MEXC, Bitget, Phemex and KuCoin.
DigiByte (DGB)
DGB left as a Bitcoin fork in January 2014 after development began in October 2013. DigiByte is a well-established public blockchain and cryptocurrency. It is designed to increase the security, capacity and transaction speed of Bitcoin. There are three layers behind DigiByte’s technology:
- Core protocol that uses nodes to communicate to transmit transactions
- a general ledger
- A “Smart Contract App Store” for smart contracts.
MXC (MXC)
Meta X Connect is transforming the AI and Blockchain industries to create a free and decentralized global data network. The combined strength of the mining communities and large MXC support base is the foundation of the MXC Data Network. The network’s native token, MXZ, enables more frequent data transfers in the AI and Blockchain sectors.
The method also allows any tangible smart Internet of Things (IoT) device to be provisioned at a reasonable cost. It also provides a foundation for data suppliers and buyers to develop their own GDPR-compliant Blockchain NFTs and AIs.
IOST (IOST)
IOST claims to be the most functional and decentralized Blockchain ecosystem based on the next generation consensus algorithm. According to the project’s official website, the estimated TPS power of IOST can reach up to 100,000. IOST is currently listed on major exchanges such as Binance, OKX, Bybit, CoinW, and MEXC.
IoTeX (IOTX)
IoTeX started in 2017 as an open source project. Since then, it has built a decentralized platform for machines aimed at powering the open economy. The technology of IoTeX includes enabling communication between humans and machines. It also provides appropriately structured economic incentives for users.
Using the groundbreaking Roll-DPoS consensus, IoTeX built its EVM-compliant Blockchain from the ground up. The team developed the basic building blocks of infrastructures to connect with IoTeX, BSC and Heco networks. These infrastructures include the ioPay wallet and ioTube bridge used by tens of thousands of users.
Blockchain technology now represents more than just a means of transferring value. As Kriptokoin.com, we report altcoin projects from different sectors in this bulletin.
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