IOTA Tangle – Billionaire365

IOTA (MIOTA) To Be Integrated With The Ledger Nano S Wallet

The IOTA Foundation will integrate IOTA (MIOTA) tokens with Ledger hardware crypto wallets, according to a press release recently released on Cointelegraph. The IOTA Foundation is a nonprofit organization that supports the development and standardization of distributed ledger technology (DLT) and focuses on building ecosystems around IOTA (MIOTA) to facilitate its commercial adoption.

In November 2017, the Foundation had $255 million in tokens as foundation funds, $22 million as ecosystem fund and $20 million as unclaimed IOTA from the sales to the public. After integration with the Trinity and Romeo IOTA wallets, the Ledger Nano S hardware portfolio will allow users to protect their private keys by only accessing to their IOTA (MIOTA) tokens on a particular chip isolating the keys of users from their computers or smartphones.

That will allow users to validate transactions in their Ledger Nano S hardware wallet as part of the security protocol. The Ledger wallet has a chip similar to that used for credit cards or passports. As previously reported, the Japanese ICT conglomerate Fujitsu announced the launch of a proof of concept (PoC) based on IOTA (MIOTA) for audit trail processes in the manufacturing industry.

IOTA (MIOTA) to be integrated with the Ledger Nano S wallet

IOTA and Fujitsu are reportedly working on implementing the IOTA protocol as an “immutable data storage medium” for audit trails in “industrial production environments and supply chains” to improve transparency, data trust, and data security.

Also, in June, IOTA and Volkswagen presented a PoC that uses IOTA Tangle technology for stand-alone cars. The PoC allows Volkswagen to use IOTA Tangle architecture to transfer software updates “over the air” as part of the automaker’s new “Connected Car” systems. IOTA Tangle is another type of DLT explicitly designed for the Internet of Things (IoT) environment.

It is an open-source protocol that facilitates interactions between machines, including secure data transfer, real-time micropayments, and other data. At the moment of this article, the IOTA (MIOTA) token is trading at $0.483, with a market capitalization of about $1.34 billion, according to CoinMarketCap data.

Anna Galvez

Sirin Labs Opts For Ethereum (ETH) Blockchain Over IOTA’s Tangle For The Blockchain Smartphone

Sirin Labs, the developer of the enormous $16,000 Solarin Android smartphone, is developing a blockchain phone and has chosen to construct its new device line named “Finney,” a blockchain smartphone series, to support a private blockchain from Ethereum (ETH), instead of IOTA’s Tangle distributed ledger technology, as initially stated in its white paper.

Sirin Labs to work with Ethereum (ETH) blockchain instead of IOTA’s Tangle for the blockchain smartphone

“We are not working with IOTA. We considered the option and decided to go our separate ways. At launch, we’re going to use Ethereum (ETH) blockchain. The Finney Phone will work through complete nodes that are hosted at Sirin Labs.” said Marketing Director of Sirin Labs, Nimrod May.

“Our plan since the release of our report has always been to migrate the SRN token and the Sirin Labs ecosystem to a next-generation chain of blocks,” Nimrod May added.

The Finney devices, including a blockchain smartphone and PC, will run on Sirin Labs’ open source OS, the Sirin OS. The Sirin OS will be engineered to handle native blockchain applications such as a cryptocurrency wallet, secure exchange gateway access, secure communications, and an ecosystem of peer-to-peer resource for sharing applications and payments, all of which supported by the SRN token.

The Finney devices will make up a stand-alone blockchain network

The goal of Finney devices is to facilitate people’s use of cryptocurrencies and associated services. In April, a branch of Foxconn Technology Group, the world’s premier electronics manufacturer, decided to help manufacture the Finney smartphone.

Foxconn will build the Finney blockchain smartphone series in-house, spearheading the original design and manufacture of the phone, while Sirin Labs will be leading the cold wallet hardware design and operating system development for Sirin.

The Finney smartphone, which will be available for retail sale for $1,000, will launch in November, while the Sirin Labs is planning to sell the device via eight new shops in locations with the most actively involved crypto communities.

Anna Galvez