The author of this article is an $ITC token holder.

Summary

This article provides an overview of the crypto token IoT Chain ($ITC) and explores its investment potential. It discusses its competitor IOTA, what IoT Chain is designed to do, the team, its partnerships, why it is a good buy and how to purchase it.

The IoT

The Internet of Things or IoT is the term used to describe the billions of things ranging from household appliances to industrial machines that are now Internet connected.

With a global market value predicted to be over $7 trillion by 2020, the IoT is generating waves of excitement in investors looking to capitalize on the rapidly growing industry behind it. For those investing in crypto there are now multiple projects developing distributed ledger platforms specifically for the IoT.

IOTA

The most popular IoT crypto project is IOTA, a European project with a cryptocurrency market capitalization in the billions. Iota does not rely on blockchain technology at all instead using a Direct Acyclic Graph or DAG to achieve consensus. Many see DAG technology as the way to solve major blockchain related problems such as high transaction fees and slow transaction speeds. Iota has been a great investment with its run up to its current market cap.

For a new investor looking at IOTA however there are considerable risks. The technology is still in an experimental stage of development. It has been rightfully criticized for not clearly warning those purchasing the token of this fact. Due to its vulnerabilities and its experimental nature it has been plagued with usability issues with IOTA holders waiting weeks for transactions to be processed. Recently it has come under attack for providing a wallet that did not have a seed generation feature leading many technically inexperienced users to obtain seeds from malicious seed generation websites that later enabled the theft of millions of dollars worth of IOTA. Additionally, many have concerns about the way the lead developers conduct themselves publicly.

Tokens like IOTA that have recently increased a lot in value are seen as risky investments due to the possibility of a subsequent drop in value and the high capitalization is associated with an anticipated lower rate of return.

In conclusion, Iota has a lot of potential but also carries a lot of risk for an investor.

So where do we look to next as an investor that sees the potential for IoT specific projects?

Enter IoT Chain

I have high hopes for IoT Chain ($ITC) and you should too. What is so great about IoT Chain?

IoT Chain is an innovative and unique technology that makes use of a blockchain in combination with DAG subnets. Its primary purpose is to facilitate the secure transmission, storage and trade of data on the IoT. The technology can be used for applications such as the remote control of smart devices as well as securing data on smart devices and controlling what data is accessed by who. Transaction speeds are measured in milliseconds and the technology will be provided to manufacturers in a hardware component optimized for energy consumption and speed.

The $ITC token itself is required for the use of the technology and is also used for the buying and selling of data generated by IoT devices.

IoT Chain has the potential to help protect the IoT against major internet security threats such as the Reaper IoT Botnet. If it becomes a key technology to do so you can expect it to become a top ten cryptocurrency.

IoT Chain developers already have the technology ready for smart lighting and have partnerships with smart lighting manufacturers. Here is a demonstration of the technology:

