Internet Node Token

by INT Foundation Ltd.

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IOTA

by IOTA

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Oyster

by Oyster

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Internet Node Token

by INT Foundation Ltd.

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IOTA

by IOTA

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Oyster

by Oyster

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What problem does this service solve?

Internet Node Token's network will connect IoT devices and improve data exchanges between them.IOTA is building a decentralized infrastructure for the Internet of Things. IOTA will allow transactions to occur between all devices that are connected to the internet.Oyster will use IOTA's tangle to provide decentralized data storage and offer content providers an alternative source of ad revenue.

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Company Description

Internet Node Token is developing a blockchain platform for the Internet of Things. The Singapore based company has created a router that connects household IoT devices. The Internet Node Token network is powered by the Ethereum based INT token.

IOTA was specifically designed to manage transactions for the rapidly growing network of devices that are connected to the internet. Instead of focusing on peer-to-peer transaction, IOTA aims to create the underlying infrastructure that will allow self-regulating transactions to occur between machines (watches, refrigerators, TVs, cars, etc.) on the Internet of Things.
Although IOTA cannot be strictly defined as a blockchain protocol, it uses a distributed ledger protocol called a Tangle, that has many of the same trustless features, but is fundamentally different because it has a different data structure that does not depend on blocks. The IOTA Tangle is a decentralized architecture with no transaction fees and no limitations on the amount of transactions that can be confirmed.
IOTA has several innovative features that are aimed at solving the scalability problems of blockchains. The Tangle drastically improves transaction times and reduces the storage requirements that are typical of other decentralized transaction protocols. This is achieved by removing the necessity of miners to confirm transactions, and making validation an intrinsic aspect of using the platform.

Oyster is a blockchain-based platform that is designed to provide both a decentralized file storage solution and an alternative ad revenue system for content distribution. Their network is powered by PRL tokens. Oyster hopes to allow users to store data anonymously and securely on the IOTA Tangle. It uses IOTA’s infrastructure for hosting data stored on the Oyster platform. A data file is broken into chunks, and each of these chunks is encrypted. These encrypted chunks exist as transactions on the IOTA Tangle and are retained on the Tangle.
Oyster's alternative ad revenue platform will use this decentralized data storage network to incentivize users to contribute their devices' computing resources.

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