In recent years, The Internet of Things (IoT) has become a catchword of industry insiders in identifying the roadmap of home automation and smart city planning. Now IoT technology leveraged in a host of projects is giving a boost to global informatization.
ETC, one of the latest technologies applied to IoT, increase the way how information and value are shared in the digital economy. Its smart contracts serve as a dynamic channel where information and value are automatically transmitted and a made-to-order business model for IoT and the network of payment machines is rendered. Based on a flexible and intuitive platform that programs smart contracts and supported by ETC, the go-global strategy for IoT takes a step towards scope, security and decentralization.
ETC DEV team, the technology’s development panel, pays due attention to the application of ETC in IoT scenarios and unveil an IoT-friendly virtual machine that is with universality, independence and high efficiency, [and for which the team is also going to upgrade several protocols to fit ETC into mobile devices and embedding machines.]
To better the use of IoT apps, the ETC community has customized a development plan for cross-chain operation. For the surge in transaction data via IoT, fragmentation and side-chain technologies have been devised to guarantee security and enhance efficiency. [All such efforts are more than just technological solutions, ETC’s engineers have worked out a specific timetable where ETC nodes will be effected on Raspberry Pi, the faddish IoT OS, by the end of 2018.]
In Into the Ether with Ethereum Classic, a thesis released by Grayscale this August, this sponsor of ETC Investment Trust wrote, “We believe that one day ETC will become the foundation of the globalized, secure and decentralized IOT.”
IoT, appearing many times in the paper, seems to be one of the major reasons that Matthew Beck, the author, contends to make out a strong case for ETC. According to the analysis and figures from Beck, ETC can be suitable for automatic transaction machines. Beck points out that by 2025, if ETC can obtain 10% data flows from IoT devices, the price per token will enjoy a more-than-ten-fold increase.
Coming to ETC investment, Beck wrote, “First, the storage attribute that ETC boasts is typical of precious metals and bitcoin and makes the token a good hedge against inflation and a long-term investment instrument. Second, as a digital currency that operates ETC smart contracts, this commodity in short supply can add fuel to the globalized IoT.”
The combination of ETC and IoT will not only raise the bar for IoT technology but also give ETC development a boost. IoT technology will hence be made safer and decentralized and come out independently and universally. The marriage also gives rein to ETC’s advantage and best represents ETC’s value.
Despite ETH apps are superior to ETC in number, the CryptoKitties-choked Ethereum blockchain has indicated the extra mile for ETH to go from flawed to flawless. [On the contrary, the rigorous attitude of ETC’s team towards technology makes every ETC proposal practically justifiable and turns its second-mover advantage into competitive strength.] On top of that, the ever-expanding scope of application in IoT practice has ratcheted ETC several notches higher. In terms of the outlook for ETC, it can be predicted that a decentralized and tamper-proof public infrastructure is in the making.