Description
IOTW (Internet of Things World) aims to transform the IoT ecosystem using blockchain technology to make IoT devices more manageable, accessible, and efficient. The project introduces a distinct consensus mechanism, Proof of Assignment (PoA), that supports energy-efficient mining on IoT devices without high computational power, making it eco-friendly and cost-effective. This approach allows for a decentralized network where IoT devices can perform secure, direct transactions and data processing without intermediaries, enabling a myriad of applications from smart homes to industrial solutions. IOTW’s blockchain infrastructure facilitates micropayments and supports scalability, security, and the capability to execute on a broad range of IoT devices. It is embodied by free, easily deployable software that enables devices to mine IOTW coins, which can be used in an online outlet mall. Emphasizing a fair mining system where rewards do not depend on computational power or coin ownership, IOTW ensures that every device has an equal chance of earning rewards, promoting widespread adoption across the IoT market. However, it acknowledges the regulatory constraints in countries where crypt...
IOTW (Internet of Things World) aims to transform the IoT ecosystem using blockchain technology to make IoT devices more manageable, accessible, and efficient. The project introduces a distinct consensus mechanism, Proof of Assignment (PoA), that supports energy-efficient mining on IoT devices without high computational power, making it eco-friendly and cost-effective. This approach allows for a decentralized network where IoT devices can perform secure, direct transactions and data processing without intermediaries, enabling a myriad of applications from smart homes to industrial solutions. IOTW’s blockchain infrastructure facilitates micropayments and supports scalability, security, and the capability to execute on a broad range of IoT devices. It is embodied by free, easily deployable software that enables devices to mine IOTW coins, which can be used in an online outlet mall. Emphasizing a fair mining system where rewards do not depend on computational power or coin ownership, IOTW ensures that every device has an equal chance of earning rewards, promoting widespread adoption across the IoT market. However, it acknowledges the regulatory constraints in countries where crypt...
