Coinone added IOTA support

The cryptocurrency exchange in South Korea has announced support for IOTA cryptocurrency
27 November 2017   1117

One of the largest cryptoexchanges in South Korea, Coinone, made an announcement stating that it will add support for IOTA on November 28 of 2017 and build a partnership with IOTA foundation.

Trading Information:

  •  Deposit and withdrawals: November 27th, 2017, 7:30 PM (KST)
  •  Exchange: November 27th, 2017, 5:00 PM (KST)
  • Fiat Currency: Available in KRW
  • Trading fee: Maximum 0.1% (available fee discount by trading volume)
  • Deposit and withdrawal fee : None

In addition to IOTA, BCH, BTC, ETC, ETH, QTUM, LTC and XRP are also traded on the exchange.

At the moment of press, these are main market parameters of IOTA:

  • Average price: $0.94 
  • Marketcap: $2,612,816,836 
  • 24h volume: $93,113,900

Volkswagen to Use IOTA Technology For Software Updates

This project is designed to solve the key problem of secure transmission of software updates "on the air" (OTA) to the network of autonomous vehicles
12 June 2018   228

This week, the German automaker Volkswagen announced cooperation with the IOTA, which develops solutions in the field of the Internet of things. At the CEBIT 2018, the companies are planning to show a new experimental sample of their joint project based on the IOTA DAG network.

IOTA Twitter
IOTA Twitter

This project is designed to solve the key problem of secure transmission of transparent, undamaged software updates "on the air" (OTA) to the network of autonomous vehicles. At the moment the data is distributed centrally, so there is no guarantee that the information delivered to each car is genuine and unchanged. This problem can be solved using a distributed ledger or other similar technology.

In addition, because the scope of autonomous vehicles continues to grow, the system must not only decentralize to monitor each update, but also be able to scale to the right size to cope with the increasing load on the network. Another major factor is security. This factor will become more important when cars become more dependent on software for performing basic tasks and functions related to security.

Johann Jungwirth, Volkswagen's senior director of digital engineering and member of the IOTA Foundation's Supervisory Board, believes that the technology of a decentralized distributed registry will form the basis of a safe ecosystem that does not require participants to trust each other - just the one Volkswagen needs to further develop its the project of autonomous cars. He calls IOTA "an excellent example of how distributed ledger technology can be used in the future."