Xensor

by Xensor

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IOTA

by IOTA

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Xensor

by Xensor

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IOTA

by IOTA

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What problem does this service solve?

Xensor's goal is to create a decentralized market for IoT data.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.

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Company Description

The Xensor token is used to power the Xensor IoT network. It is designed to connect IoT devices and to facilitate the automation these interconnected devices. The Xensor token is Ethereum-based and is designed to enable a market for data for a variety of hardware.

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.

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