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IOTA grants $5 million for Coordicide research program

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  • The IOTA Foundation has granted $5 million for Coordicide research, as reported via an official blog.
  • It is part of an upgrade for IOTA, that was announced back in May, as they wanted to remove the centralized coordinating note from the network. 

IOTA will be granting Coordicide research program $5 million for the research, according to a blog statement by the foundation.

Back in May of this year, the move towards Coordicide was announced, it was an upgrade for IOTA which has been planned; the centralized coordinating node of the network was to be removed by this move.

The IOTA Foundation is further contributing to this process by offering five million dollars IOTA grant in the form of smaller grants for research related to Coordicide. In terms of fields of interest they include; the prevention of spamming, optimization of the network, reputation systems, and the decentralized random number generation.

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IOTA (MIOTA) Embarks Improvement During the Intraday Movement

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The crypto market is in its highly volatile phase. The unexpected price jumps and drops are quite disturbing for the traders. There is a possibility of improvement in the momentum, but the same might take some time. Today, the cryptocurrencies are spotted tremendously falling. The top players like Bitcoin, Ethereum, Ripple, Litecoin etc. are also under the same influence.

IOTA cryptocurrency is reflecting a similar trend, and thus the intraday trading in the coin might not bring any considerable profit to the traders. Yesterday, IOTA price was seen touching a high at $0.222328 and a low at $0.213707.

IOTA Price Prediction

Yesterday, IOTA started dealing at $0.213. The opening hours took the coin to $0.214 by 0.74%. The price shifted to $0.211 in the later hours and marked regression of 1.74%. Further, the currency tried to recover and touched $0.2155 but couldn’t hold itself for a while and dropped to $0.2069 by 3.98% fall. The last few hours brought the IOTA price back to $0.21134 by 2.13%. Still, the intraday movement recorded a loss of 0.95%. Today, the currency started the day at $0.21134 and touched $0.2129 with the first few hours of opening by 0.73%. The price escalated to $0.2134 by 0.26%.

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IOTA Chart By TradingView

IOTA coin is under the bearish market influence. The currency has violated the immediate support level at $0.213 by dropping to $0.211. There is a strong possibility for IOTA to breach the next support level at $0.209. IOTA cryptocurrency is speculated to give flourish returns to long-term investors. The short-term might not help the investors in drawing huge returns.

Resistance LevelPrice
R1$0.222335
R2$0.226642
R3$0.230956
Support LevelPrice
S1$0.213714
S2$0.2094
S3$0.205093

Source: cryptonewsz

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IOTA Wants New Ideas. Got Any? Here’s Your Chance to Build the Future

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IOTA spreads the word encouraging its community to share ideas on the IOTA protocol development for climate change and support sound innovation from its members

IOTA is encouraging its community members to come up with ideas on further IOTA development and its participation in climate action to build the future of the environment together.

IOTA’s participation in Climate KIC 

A while ago, IOTA announced its participation in the event to do with climate change – Climate KIC. The team plans to break the traditional model of short-term decisions harming the distant future of the environment and asks for ideas from its community to present a different concept – how the IOTA protocol can help preserve and improve the environment in the future – that is about consumption, goods production and other related topics.

IOTA’s blog post says:

“We aim to do this together with innovative thinkers from within the IOTA community.”

“We want to invite you to get concretely involved in designing experiments that have the power to shift entire consumption, production, or investment systems toward more forward-looking decisions and actions.”

IOTA seeks innovative ideas

IOTA wants to collaborate with active community members, listen to their innovative ideas and support them.

“In service of this vision, we want to support spontaneous innovations from our community that create the future by simply building it.”

“We want to get a better feel for the ideas and sentiments in the community and explore how IOTA can become the backbone of a sustainable, long-term society.”

The blog article sums up that IOTA wants to find innovative solutions that would help to save planet’s ecosystems and improve human livelihoods.👉MUST READ

IOTA’s questionnaire

IOTA has created a small list of questions and is expecting the community to answer them, as well as offer their innovative ideas.

The IOTA team will consider and evaluate all the proposals and will choose three best. Their authors will get invited to a workshop set up by IOTA in Berlin in early December.

There the creators of the ideas and the IOTA team will work on them to see how they can be developed and applied in the real world.

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Unity Video Game Engine Supports IOTA (MIOTA) as Payment System

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According to a Tweet by IOTA developer Marlon Morales on November 25, IOTA’s native digital currency – MIOTA – can potentially work as a medium of payment for all Unity supported platform games or applications.

A Big Breakthrough for MIOTA

IOTA, a Germany-based non-profit organization that is looking to foster a global Machine-to-Machine (M2M) economy by leveraging its Internet of Things-based (IoT) Tangle blockchain technology, was recently implemented as payment system for games and apps running on myriad platforms including Android, iOS, MacBook, Windows, WedApp, Playstation 4, and Xbox, among others.

In a recent Tweet, IOTA developer Morales said that he had implemented IOTA as a payment system for the Unity Game Engine. Per sources close to the matter, the unofficial implementation by the developer allows users to send, receive, and check MIOTA balance.

In a subsequent Tweet, Morales cleared the air urging the IOTA ecosystem to see the development as a “community program.”

The initiative was acknowledged by IOTA Co-Founder, Dominik Schiener, who seemed very impressed with Morales’ work. In response, the developer added:

“Now I will work on the design. And then the game. There will be possible to play against each other and also get IOTAs for free for the IOTA newbes. I will also go for a Chat. Later we will have some streaming services over IOTA.”

Blockchain and Gaming

To date, some of the most successful use-cases of both distributed ledger technology (DLT) and cryptocurrencies have emerged in the gaming industry.

As reported by BTCManager on July 26, 2019, major battle royale game PUBG partnered with DLT reward and marketing firm Refereum (RFR) to enable the latter’s users to earn the platform’s native digital token by completing in-game tasks and missions.

In a similar development during September 2019, video games-focused fintech firm UTRUST had introduced support for DASH cryptocurrency to provide safe and secure payment options to the nine million-strong customer base of web gaming platform Whow Games.

That said, the crypto gaming space is, without a doubt, still in wait of its watershed moment that can propel the space into the mainstream. With the recent pace of developments in the space, one could argue that it won’t be too long before spending cryptos in everyday games becomes a norm.

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