![]() ![]() It was created by a programmer from Canada with Russian roots, Vitalik Buterin. The platform was proposed in 2013, but only in started earning 2015. The cryptocurrency itself is called Ethereum. Ethereum is more often called the platform, based on the technology of blockade. #Iota value free#The user does not receive compensation for production, but the transaction within the network is free of charge.Įthereum is a well-known cryptocurrency. The main difference from classical cryptocurrencies is: Any user of the system can be a miner. It was announced at the end of 2015 and its main feature is the possibility of a large number of micropayments, up to 1 cent. IOTA is a cryptocurrency developed for the Internet of Things (IOT). I'm very excited nonetheless.The IOTA/ETH rate displays the IOTA rate expressed in the second largest cryptocurrency Ethereum (ETH) and shows and how many Ethers one IOTA costs. It is possible we are too late to the party, and I'm not sure we can squeeze in the interim industrial play here while we wait for the IoT industry to really mature. I just hope that the NFT and DeFi marketplaces aren't too saturated for this industrial use case now. It is a great opportunity to get into new cryptoconomies at the ground floor. That means IOTA will be like the on-ramp to get Shimmer, and likely there won't be too many ways to get Shimmer for a while. If Shimmer is the experimental network to help DLTs scale, does its tokenization model obfuscate that of the IF? I am reading that the IF wants to be the base tokenization layer, so I think the Shimmer network is supposed to be a natural extension of this. The longer-term question for me becomes which network really does have the intrinsic value then. I have a concern that this is released in a mini-bear market where money is not flowing into new projects at all. ![]() Who knows if this tokenization model generates new value because we don't know if there is enough demand yet. I'm concerned that MIOTA staking rates print SMR like crazy. Whereas, SMR would be very abundant compared to IOTA in this staking hypothetical. That would mean KSM is actually scarce compared to Polkadot (DOT), partially explaining why it is worth so much more than DOT. Based on CMC's listing of KMS circulating supply, the token supply ratios are actually reversed and the spread is wider for IOTA and SMR compared to DOT and KSM. The truth is CMC doesn't know the actual supply of Kusama (KSM), so that is problematic for comparison. So, if MIOTA holders are the only ones who have SMR when interest rewards and MANA begin, and MIOTA holders have a mechanism to earn, value begets value.įor those who are wanting to make comparisons. ![]() In theory, this new Shimmer network can generate new activity, but the underlying asset must be demanded and somewhat scarce. Obviously you cannot expect the exact same market caps for SMR and MIOTA right out the gate, but maybe this gives you an idea of its future potential. Note that this is just for a benchmark and is not a great comparison. The below assumes that the price of SMR would be directly proportional to MIOTA at the onset (which is just a raw comparison). That’s 556 Ti staked.Īccording to the Shimmer (SMR) calculator, after 90 days there would be:Ĥ32,345,600,000,000 SMR, or ~432 trillion SMR Let’s assume that 20% of these are staked for the entire 90-day period. I invite others to come up with a static comparison for fun. ![]()
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