Reasons Why IOTW Is Better Than Its Rivals

The world is a dynamic place, and everything in it has a trait of dynamism, and this is why as humans, we are never satisfied with a system, and as such we are always working hard to try and change systems in other to function better, with more services. Such is the case of the internet, blockchain technology and the Internet of Things (IoT). As with the case of evolution, the combination of the blockchain technology with IoT has proven to be a very welcome development, as both technologies are revolutionary and make our daily living much easier, enhancing our productivity, and creating new and better opportunities.

Different blockchain based IoT devices have been created, all claiming to be better than the other, however, it has been discovered that many of these systems have problems that tend to jeopardize the purpose for which they were created, then the IOTW blockchain was created to tackle these problems.

Compared to other IoT software and devices, the IOTW while solving all the problems facing traditional blockchain methods of IoT, also comes with other amazing features that make it much better than others within the same industry. IOTW was created with a unique way of mining which is referred to as the “Proof of Assignment” which will consume much less computational power than other rival systems, and the power consumption will be such that even ordinary IOTW embedded devices in our electrical devices will be able to mine IOTW coins, and there will be no significant change to the electricity bills, as is the case of traditional mining systems. With the micro-mining activity going on, it will eliminate the need for expensive processors, and by encouraging micro-mining, profitable is guaranteed at a very low cost compared to other blockchain based systems.

The IOTW blockchain software will operate an open-SDK, and by so doing, any device can load the IOTW blockchain app and gain unhindered access to the IOTW blockchain ecosystem. Furthermore, the system will encourage and facilitate micro-mining activities that will be made possible via IoT machines that are simple, hence, mining will stop being an exclusive activity just for the rich, but rather, every household will be able to join the mining community without any form of restrictions. The idea is to take the power of mining from just those who can afford the expensive equipment needed, and give the mining control to everyone in the IOTW ecosystem; hence, every IOTW family can mine.

In comparison to other IoT systems, there are no restrictions to the type of systems that can download the IOTW software, as any IoT device can download the IOTW software and be a member of the blockchain ecosystem. Furthermore, as a way to get more service producers, consumers and manufacturers to partake in the IOTW blockchain ecosystem, there has been a creation of a power system called the “Digital Power System (DPS) chip” whose function it is to alter and simplify the factory-built power systems of the different electrical appliances we own in our homes. The DPS chips are much cheaper, are very efficient with energy, programmable, can be easily handled, and its IOT compatibility is like none other. Every electrical appliance that embeds the DPS chip in their system will be granted automatic and unhindered access to IOTW blockchain ecosystem.

The whole value system of the IOTW blockchain ecosystem will be a function of the IOTW coins, hence, every form of value exchange or transactions will be facilitated by the use of the IOTW coins.

Useful Links

Website: https://IOTW.io/

Facebook: https://www.facebook.com/IOTWProject/

Twitter: https://twitter.com/IOTW_Official

Telegram: https://t.me/iotwicoasia