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There is more in a blockchain project than its cryptocurrency, although the coins are almost inevitably gathering all the glory in opposition to the technology that drives a platform. The Internet of Things is one of the indicators that shows the importance of blockchain technology only by observing the success of a currency in the market and its monetary value.
The Internet of Things (IoT) is set to allow blockchain projects to set the basis for machine-to-machine communication, which is said to be the future of applicable technology through various use cases in real life therefore, naturally, the cryptocurrencies involved in the development of IoT are considered among the most valid in the long term.
One of these currencies is IOTA (MIOTA), which is definitely gaining momentum in the IoT integrations sector, especially after their collaboration with Volkswagen, which should bring IOTA to a product driven by Tangle for this automotive giant. [19659002] IOTA is not the only one to try to conquer the Internet of Things because there are more than several cryptographic projects that aim to establish a machine-to-machine communication, being Ethereum Classic one of them with the next summit to Seoul, South Korea, where the startup should address the scattered developments regarding IoT, interoperability and more.
The involvement of Ethereum Classic in IoT starting from the recent case of events makes us wonder that Ethereum Classic passes IOTA (MIOTA) in the Internet of Things competition
IOTA and Ethereum Classic Technology
The competition with IOTA it's not so easy even for a cryptic veteran like Ethereum Classic. IOTA has a unique technology in opposition to its crypto-colleagues, being the first and only platform that uses a blockless technology inspired by the blockchain called Tangle. Tangle makes a large platform like IOTA possible to achieve scalability with the growing number of users on the network, making it fast and highly scalable.
In addition, this allows zero-fee and fast transactions within the network, also making integrations with IOTA simple and easy.
On the other hand, Ethereum Classic represents a fork derived from the Ethereum network that took place in 2015 not long after Ethereum was launched. The fork is the result of a DAO error that costs millions of dollars in ETH, stolen by hackers, following the creation of Ethereum Classic outside the main chain of the Ethereum network.
ETC has similar problems with the scalability that the original ETH chain has, even using the Proof of Work consent mechanism, which also makes the fees high.
The problem with high taxes was solved with the difficulty bomb, so ETC saw some improvements regarding transaction costs, while the problem Scalability has not yet been resolved.
In addition, Ethereum Classic is considered one of the most decentralized projects, being immutable and hacker-proof and supporting on-chain democracy, also having third-party companies joining the ETC Partner pipeline in order to improve functionality and the general safety of Ethereum Classic.
IOTA and Ethereum Classic ETC and the Internet of Things Breakthrough
Although the technologies for defining these two cryptocurrencies are quite different and almost unparalleled outside of the fact that both projects represent decentralized ecosystems based on blockchain, IOTA and Ethereum Classic are without any doubt competing for IoT dominance.
IOTA probably has an advantage here since we have already seen some cases of use by IOTA's Tangle regarding the IoT once the company launched the first electric vehicle station with cryptography, being involved with the Internet of Things of all time since it was originally launched.
Ethereum Classic has shown interest in IoT only since the recent case of events, although it has enormous potential to overcome the IOTA in this alleged race.
Here's how the development team behind ETC announced they work on a side chain that would specifically represent the bridge to the Internet of Things and machine-to-machine communication, even with smart contract technology essential to get into the IoT .
IOTA is not very far from the race even if the smart contract technology is considered the signature of Ethereum and its fork ETC, then with the protocol Qubic have become available smart contracts for IOTA, making it ready for the IoT.
However, although IOTA has already found several use cases for its technology through IoT, Ethereum Classic will have a huge success with the building of the side chain as planned in order to achieve fully scalable access to the Internet of Things .
Ethereum Classic and IOTA Integrations and Use Cases
Although IOTA has already demonstrated the potential of IoT through Tangle with the cryptographic charging station for electric vehicles, also in preparation for presenting another example of machine-to-machine communication with Volkswagen as planned for the beginning of 2019, Ethereum Classic is activating on the IoT field at
While the team announced the development of the side chain for IoT, ETC has also started the Ethereum Classic Labs who have the goal of bringing Dapps to the platform, also organizing a meet-up in Seoul, South Korea, scheduled for September 12 th and 13 th where the team should present more concrete plans related to the Internet of Things, interoperability, community, functionality and more.
South Korea is one of the biggest centers of blockchain enthusiasts and investors, so this meeting could bring ETC to the market in the new light as the team is heading towards creating a connection with the IoT.
In terms of partnerships and integrations, IOTA is leading by far, having been associated with the UN, Volkswagen, BMW, while demonstrating cases of use IoT and Tangle.
However, Ethereum Classic ETC has a great opportunity to attract the attention of potential partners and investors in South Korea as they are starting with the Internet of Things phase, with the potential to reach the IOTA.
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